Shares of utility PG&E Corp. fell 18 percent on Wednesday after the company warned of liquidity concerns if its equipment was found responsible for starting the Camp wildfire currently raging in California. The company said liabilities related to the wildfires …
The National Hockey League announced a tentative $18.9 million settlement Monday with more than 300 retired players who sued the league and accused it of failing to protect them from head injuries or warning them of the risks involved with …
Tesla Inc. resolved most of a purported class-action lawsuit by customers who alleged that their Model S and Model X vehicles would suddenly accelerate, which in some cases resulted in accidents. Lawyers for the carmaker and the plaintiffs said in …
A former Connecticut altar boy who says he was sexually abused by a now deceased Roman Catholic priest has sued the Archdiocese of Hartford. The Republican American reports that the lawsuit filed Wednesday by 46-year-old Kevin Distasio alleges negligence and …
SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has hired Kenneth J. Jones as vice president. Jones brings more than 30 years of experience to SterlingRisk, meeting the needs of clients in business, not-for-profit and professional communities. He started …
The Pennsylvania Insurance Department has received two mid-year workers’ compensation loss cost filings with a proposed effective date of January 1, 2019, from the Pennsylvania Compensation Rating Bureau (PCRB). The department stated in a press release that it plans an …
California’s deadly wildfires have a straightforward solution, experts say: stop building homes in places that are likely to burn — and make homes that already exist in those areas a whole lot tougher. That approach, wildfire and climate policy experts …
Fast-growing insurance agency Seeman Holtz Property & Casualty has taken a technology leap forward by acquiring Boston-based online home and auto Insurance agency Goji (formerly Consumers United) and its technology platform. Goji is a licensed insurance agency that writes policies …
French reinsurer SCOR forced one of its board members — Thierry Derez, the CEO of Covéa — to resign this week. It was the culmination of a boardroom squabble that began in September when SCOR rebuffed an 8.3-billion-euro ($9.3 billion) …
Willis Towers Watson has boosted its presence in Kazakhstan by opening a new operation to serve clients in the country. Following recent regulatory approval, Willis Towers Watson Kazakhstan is able to conduct insurance and reinsurance business in this key Central …
