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Auto Insurance Industry to New York: Get Rid of Photo Inspection Requirement

Auto insurance carriers and independent agents in New York have launched a campaign to eliminate what they say is an outdated requirement for the state’s auto insurance buyers. The group wants lawmakers to let auto insurance companies waive the vehicle …

Canada’s Housing Downturn Among Biggest Financial System Risks, Regulator Warns

A housing market downturn in Canada is among the biggest risks facing the financial system this year, the country’s financial regulator said on Thursday, adding it plans to review the existing home loan stress test and expand its application to …

UK Seizes Funds Linked to $150M Fraud From Fintech Firm QPay

The UK seized 2 million pounds ($2.61 million) from a London-based fintech firm, saying that the funds were linked to a $150 million U.S. wire fraud conspiracy. QPay Europe Ltd., which offers due diligence and underwriting services, agreed to forfeit …

Civil Cases Loom Over QB Watson as He Reports to NFL’s Browns

While Deshaun Watson’s NFL career has resumed with the Cleveland Browns after grand juries declined to indict him on any criminal charges over sexual misconduct allegations, his legal problems remain far from over. Lawsuits filed in Houston by 22 women …

Obama Relatives Sue Wisconsin School Alleging Racial Bias

The brother of former first lady Michelle Obama and his wife are suing a private Milwaukee school alleging it refused to allow their two sons to re-enroll after they voiced concerns that racism and inappropriate conduct at the school had …

Tesla Insurance Turning ‘Nightmare’ Claims Experience Into ‘Dream’: Musk

Tesla is “trying to turn a nightmare into a dream with Tesla Insurance,” Chief Executive Officer Elon Musk said Wednesday. His final words during an earnings conference call that lasted more than an hour came as Musk and Chief Financial …

Federal Court in Delaware Requiring Disclosure of Litigation Funding Agreements

Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to disclose whether a litigation funder has an interest in any cases brought before him. The standing order issued on Monday …

Insurer Jumped Gun with Appeal on CBD Plant Fire Claim, Appeals Court Finds

Insurance company officials and attorneys have been known to complain when policyholders file suit before the parties have had a chance to settle a claim. In West Virginia, it was the insurer, Kinsale Insurance Co., that filed suit in federal …

CSAA in California Outlines Carbon Reduction and Climate Commitments in ESG Report

CSAA Insurance Group in California announced a commitment to achieving a 50% reduction in carbon emissions and carbon neutrality by 2025 on the heels of the release of its 2021 Environmental, Social and Governance report. The report details progress across …

Worn Tires a Factor In California Bus Crash, Investigation Shows

Excess speed and worn tires contributed to the crash of a bus on a rain-slick Southern California highway two years ago that killed three people and injured 18, according to a report released this week by the National Transportation Safety …

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