Wisconsin Insurance Commissioner Nathan Houdek announced this week that the Consumer Affairs section, in conjunction with the legal liaisons and the legal department, at the Office of the Commissioner of Insurance (OCI) recovered $4,716,458 last year for Wisconsin consumers that …
A British high court judge ruled on Wednesday in favor of broker ED&F Man in a claim against Singapore commodities trader Straits and four other defendants about fraudulent warehouse receipts for nickel stored in Singapore. Justice Calver said in a …
Local governments should refrain from raising property taxes and lawmakers need to invest more to guard against ever-increasing cybersecurity attacks, North Dakota Gov. Doug Burgum said Feb. 16 in his State of the State speech. “The state of our state …
A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at $8 billion, is expected to open for anchor investors on March 11, three sources with direct knowledge of the matter …
A Texas generation and transmission cooperative is suing its insurer for failing to defend the company against multiple lawsuits stemming from 2021 Winter Storm Uri. Golden Spread Electric, a G&T cooperative based in Amarillo, claims breach of contract, declaratory judgment …
Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and broad scope of the measures leaves financial institutions to their own devices in enforcing most of them, industry-watchers said. Prime …
State Farm filed a $1.2 million subrogation claim against Tesla in Indiana federal court on Feb. 16, alleging negligence and strict product liability over a fire that damaged an insured’s car and residence. Two State Farm units, one fire and …
PETROPOLIS, Brazil (AP) – Rio de Janeiro state’s government has confirmed 105 deaths from floods and mudslides that swept away homes and cars in the city of Petropolis. But even as families prepared to bury their dead, it was unclear …
German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of investment funds. The provision resulted in …
In a case that went all the way to the federal appeals court level, a panel of judges has found that GEICO General Insurance adequately investigated a Florida claim after an insured motorist killed a cyclist, and did not act …
