The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for fixes at Silicon Valley Bank before the U.S. lender’s collapse, and promised tougher supervision and stricter rules for banks. In …
The Florida Senate has unanimously approved an amended version of the Insurer Accountability Act, removing some reporting requirements for property insurers. The amended bill would continue to bar insurers from altering adjusters’ estimates without detailing the changes. An earlier version …
A U.S. federal judge on Friday denied Google’s motion to dismiss a Department of Justice antitrust case focused on advertising technology. The government, which filed the ad tech lawsuit in January, has argued that Google should be forced to sell …
Hub International Limited (HUB) said it has entered into an agreement with private equity firm Leonard Green & Partners (LGP) for an expected “substantial” minority investment with HUB’s enterprise valuation of $23 billion. The valuation is the largest for a …
South Carolina’s governor has elevated acting insurance department leader Michael Wise to the position of director. Wise, who’s been with the Department of Insurance since 2009, was named acting director a year ago, after longtime director, Ray Farmer, retired. “Michael …
A federal administrative law judge has determined that the manager of Fuller Hospital in Attleboro, Massachusetts exposed employees to workplace violence without adequate protections in 2019, particularly at times when hospital staffing was low. The ruling follows an inspection by …
An infusion of federal funding will help build hundreds of homes in Kentucky communities devastated by tornadoes and floods in 2021, Gov. Andy Beshear said Wednesday. Four counties hardest hit by the storms – Graves, Warren, Hopkins and Breathitt – …
New York’s top state court on Thursday threw out claims by yellow cab operators that New York City diminished the value of their taxi licenses by failing to rein in app-based competitors like Uber Technologies Inc and Lyft Inc. The …
State Farm Tops List of Large Insurers Providing Satisfying Shopping Experience, While The Hartford Ranked Highest Among Midsize Insurers Saving money is the primary focus of consumers searching for auto insurance, according to a new report released today. Now in …
This edition of International People Moves details appointments at Howden and BMS Re. A summary of these new hires follows here. Howden Appoints Marsh’s Howell for Multinational Client Practice Howden, the London-based international insurance broker, announced it has appointed Morwenna …
