Hundreds more Credit Suisse Group AG bondholders sued Switzerland’s banking regulator after their securities valued at about $1.7 billion were wiped out during the lender’s government-brokered takeover by UBS Group AG. Law firm Pallas Partners, which filed the suit in …
In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard & Poor’s said. John Iten, senior analyst and P/C sector …
Conservation groups sued the Federal Aviation Administration on Monday, challenging its approval of expanded rocket launch operations by Elon Musk’s SpaceX next to a national wildlife refuge in South Texas without requiring greater environmental study. The lawsuit comes 11 days …
At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest Directors and Officers Liability 2023 Survey released by Willis Towers Watson (WTW) and Clyde & Co, a …
Residents of a small West Virginia town less than two hours from the nation’s capital are worried that their health and quality of life in the Allegheny Mountains will be upended by a logging company’s plans to relocate a toxin-spewing …
Risk retention groups may not be the sexiest of insurance topics, but they have gained new attention this week after the Florida House of Representatives approved a bill that would require strong financial ratings for the groups that operate in …
Tennessee Gov. Bill Lee said Friday that a special lawmaking session dedicated to possible changes to the state’s gun laws in the wake of a deadly school shooting last month would likely have to take place after July 4. “I …
New big rigs and buses that run on diesel would not be sold in California starting in 2036, according to new rules approved by state regulators last week to wean the state off fossil fuels and combat climate change. The …
Shortly after midnight last Thursday, several New York City subway trains slowed to a crawl as emergency crews tended to a person discovered on the tracks in Manhattan. The delays were flagged for the Metropolitan Transportation Authority’s rail control center, …
The widow of a man who died from COVID-19 has been denied workers’ compensation benefits because she failed to prove that the death was work-related. The Appellate Division of the Supreme Court of New York on May 1 upheld the …
