March 22, 2024
A systemic event and the threat it could pose to insurers’ portfolios is not the million dollar question, but perhaps the billion dollar question, according to Norman Niami, immediate past chairperson and member of The American Academy of Actuaries. “It’s …
March 22, 2024
Vague provisions in Hong Kong’s new national security law around state secrets and links to foreign entities have put on edge many global businesses in the financial hub, with some consultants and hedge funds updating contingency plans and seeking legal …
March 22, 2024
Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a collective profit for the first time in seven years, S&P Global Market Intelligence reported this week. The turnaround for 2023 …
March 22, 2024
Pinnacol Assurance issued $15 million general dividend to businesses throughout Colorado. This is the ninth straight year Pinacol has issued dividends to customers. Pinnacol Assurance operates similarly to a mutual insurer, treating customers as its owners, which makes them eligible …
March 22, 2024
Washington Insurance Commissioner Mike Kreidler fined First Premier Home Warranty Corp. $100,000 and ordered the New York-based home warranty company to stop conducting insurance business in Washington. The cease-and-desist order notes that First Premier submitted a service contract provider application …
March 22, 2024
One of Vermont’s historic covered bridges has fallen under threat from modern technology. Box truck drivers relying on GPS continually crash through Lyndon’s 140-year-old Miller’s Run bridge despite signs, including a flashing one, to deter vehicles that are too tall …
March 22, 2024
A Connecticut employer has the right to terminate an employee who is impaired by medical marijuana in the workplace. The Connecticut Appellate Court on March 19 upheld the dismissal of a lawsuit brought against a nonprofit pre-school by a teaching …
March 21, 2024
Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regulations. Chevron, which has …
March 21, 2024
In car-dependent Texas, most cities have rules on how many parking spots must be built anywhere people live, play or do business. But those requirements have come under scrutiny in recent years, with critics saying they do more harm than …
March 21, 2024
The Georgia insurance commissioner’s office will hold a hearing April 15 on proposed changes to continuing education regulations for insurance agents. The new rules would bring Georgia in line with industry best practices and would end the practice of giving …