Editor’s note: This is part of a series of articles based on panels and presentations during Insurance Journal’s 2020 Insuring Cannabis Summit on Nov. 19. If there is one big problem in the insuring cannabis space – where issues include …
The U.S. Supreme Court on Friday agreed to hear Goldman Sachs Group Inc.’s appeal in a securities fraud case that could redefine the ability of shareholders to pursue class actions against public companies whose stock prices fall. Goldman is appealing …
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi discussed developments on federal funding, including pandemic relief, during a roughly half-hour phone call on Sunday and agreed to speak again on Monday, Pelosi spokesman Drew Hammill said on Twitter. In …
People with losses due to the California wildfires in Fresno, Los Angeles, Madera, Mendocino, Napa, San Bernardino, San Diego, Shasta, Siskiyou and Sonoma counties have just five days left to register for federal aid. These counties are included in federal …
Predictive modelers told California regulators on Thursday that the state’s antiquated rules for calculating wildfire risk when setting property insurance rates discourage innovative mitigation measures that could ultimately reduce losses. Nancy P. Watkins, a principal and consulting actuary for Milliman, …
Initial data on fiscal year 2019/2020 public self-insured claims experience in the California workers’ compensation system show claim volume fell 6.4% compared with the prior year, but medical-only claims accounted for nearly all of that decline, a new report out …
General Motors’ self-driving car company is sending vehicles without anybody behind the wheel in San Francisco as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the hometown of the leading …
Students who took online classes at the University of Georgia and the Georgia Institute of Technology due to the pandemic are now seeking a return of some tuition and fees. The students filed two class-action lawsuits this month, The Atlanta …
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Tower Hill Prime Insurance Co., headquartered in Gainesville, Fla. The outlook of …
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Chicago-based ISMIE Mutual Insurance Co. and ISMIE Indemnity Co. (collectively known as …
