A U.S. judge on Wednesday narrowed but refused to dismiss a Securities and Exchange Commission lawsuit accusing Morningstar Inc. of letting analysts adjust credit rating models for about $30 billion of mortgage securities, resulting in lower payouts to investors. U.S. …
Pacific Gas & Electric power lines sparked last summer’s Dixie Fire in Northern California that swept through five counties and burned more than 1,300 homes and other buildings, state fire officials said Tuesday. The blaze was caused by a tree …
Road crews were finally able to clear snow and accidents enough to clear what some officials called an “unprecedented” number of stranded motorists along a 50-mile stretch of Interstate 95 in Virginia. Both directions of the highway came to a …
A South Florida hospital has temporarily closed its maternity ward due to staff-shortages related to recent outbreaks of COVID-19. Mothers-to-be who had planned on giving birth at Holy Cross Health in Fort Lauderdale will have to find another option. “In …
This edition of International People Moves details appointments at Willis Towers Watson, KPMG and Miller. A summary of these new hires follows here. Insurance broker Willis Towers Watson announced the appointment of Chris Heinicke as head of Casualty in Bermuda, …
In what’s being called one of the deadliest residential fires in recent Philadelphia history, a blaze at a rowhouse killed 13 people Wednesday, including seven children, according to local news reports. “This is without a doubt one of the most …
Premium finance companies are permitted to extend due dates for premiums and other charges in the wake of tornadoes that ripped through the state in December, the Kentucky insurance commissioner announced. Finance companies should also refrain from cancelling agreements since …
Optio Group, a London-based specialty MGA focused on emerging insurance risks, announced it has acquired Brockwell Capital Ltd., a leading warranty & indemnity MGA, for an undisclosed sum. Brockwell, an approved Lloyd’s coverholder, significantly adds to the group’s transactional liability …
Dozens of firefighters and a fire boat battled a large wharf fire in New Orleans on Jan. 3. Fire officials say a large part of the wharf was engulfed in flames and it took 55 fire personnel to get the …
World Insurance Associates has acquired Safety Consulting, Inc. of Topeka, Kansas. Founded in 1971, Safety Consulting, provides loss control and risk management services that include safety training, site inspections, and safety supply equipment across its diverse customer base, ranging from …
