A federal agency has imposed a $26,000 fine against the owner of a crane that slashed through an apartment building near downtown Dallas, killing one resident and displacing hundreds. The citation issued by the Occupational Safety and Health Administration doesn’t …
An Oregon transgender woman is suing Miss United States of America pageants, saying its rule that limits competition to “natural born female” is a form of gender discrimination. The Oregonian/OregonLive reports Anita Green of Clackamas, Oregon, holds the title of …
More than a million California homes are now protected under a new state order that temporarily bans insurance companies from dropping customers in areas affected by recent wildfires, officials announced this week. Insurance Commissioner Ricardo Lara issued a moratorium earlier …
California’s new earthquake early warning cellphone app issued its first public alert when a modest tremor occurred this week in a rural area of the state, a newspaper reported. MyShake app project manager Jennifer Strauss said more than 40 people …
Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement where OMERS will acquire a 40% interest in Fairfax’s UK run-off group, RiverStone UK. The transaction gives RiverStone UK the …
The Senate yesterday went along with House measures that fund the military and rest of the federal government through next September. The government funding measure includes two provisions of particular interest to the property/casualty insurance industry: a reauthorization of the …
Ascot has appointed Drew Walter as executive vice president and head of Cyber & Commercial E&O. Also joining the team are Tracy O’Hara, Abigail Oliver, Greg Garijanian and Ben Mancuso. Based in New York, Walter will build a business writing …
Munich Re Group, advised by MEAG, has agreed to acquire the 330 Madison Avenue building in New York City. The 39 story high-rise dates from 1963 and was designed by Ely Jacques Kahn, one of the fathers of the New …
Three years ahead of schedule, four vehicle manufacturers— Tesla, Volvo, Audi and Mercedes— have already met their voluntary commitment under an agreement to equip virtually all of their new passenger vehicles with low-speed automatic emergency braking systems that includes forward …
Massachusetts’ highest court on Monday rejected arguments that consent-to-settle clauses in professional malpractice insurance policies violate public policy. The Supreme Judicial Court sided with CNA subsidiary Continental Casualty Co. in an engineering malpractice lawsuit brought by homeowners Douglas and Kristen …
