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New Workers’ Comp Filing Submitted to California Department of Insurance

The Workers’ Compensation Insurance Rating Bureau on Friday submitted an amended Jan. 1, 2018 pure premium rate filing to the California Department of Insurance. The amended filing was based on the WCIRB’s recent review of June 30 loss experience, which …

Future of State Auto Insurance Group’s E&S Business Under Review

Columbus, Ohio-based State Auto Insurance Group (State Auto) is reviewing options for its excess and surplus (E&S) lines business, including a possible sale, the company said in an announcement. State Auto has a market valuation of about $981 million, according …

Motel 6 Will Settle Human Trafficking Suit Involving Los Angeles Property

Motel 6 has agreed to pay $250,000 to settle a lawsuit alleging one of its properties in Los Angeles was a base for sex trafficking, drug dealers and gang members. City Attorney Mike Feuer told The Associated Press on Wednesday …

California Bill Would Force Wells Fargo to Court Over Fake Accounts

The California Legislature backed a measure this week that could require Wells Fargo to go to court with consumers who say they were harmed by the bank’s fake account scandal. The legislation would prohibit the San Francisco-based bank in some …

Indian Insurer ICICI Lombard Hopes to Raise $892 Million with IPO

ICICI Lombard General Insurance Co Ltd’s initial public offering of shares opening next week aims to raise up to 57 billion rupees ($892 million), the latest listing in what is expected to be a record-setting year for India. India has …

Arkema Sued by Police, EMTs over Chemical Plant Fire after Harvey

Police and emergency workers filed suit on against French chemicals company Arkema SA, claiming it failed to take adequate steps to avoid a fire at its Crosby, Texas, plant after Hurricane Harvey. Seven police, fire and emergency medical technicians sued …

Hedge Funds Overseeing Cat Bonds Try to Remain Calm Over Irma

Greg Hagood didn’t have many details to work with on Thursday afternoon. Hurricane Irma wasn’t expected to make landfall in South Florida for another 64 hours. Projections for its path were all over the place, especially considering that a centimeter …

Chemical Fallout from Hurricane Irma Could Be Worse than Harvey’s

Before flames and smoke leaped into the sky over the Arkema chemical plant in Crosby, Texas, last week, Jolyn Masters was hunkered down at home on a Hurricane Harvey-flooded street a mile away. Then came a knock. A National Guard …

New York’s ‘Sixth Borough’ with Trophy Condos in Hurricane Irma’s Path

Beyond the bar and the palm-fringed pool, past the gold-leafed columns and floor-to-ceiling murals, workers at the grand Faena Hotel Miami Beach prepared for Hurricane Irma’s fury. Their unusual assignment: fortify the four layers of bullet-proof glass encasing a gilded, …

Irma Update: Georgia Coast Evacuation Underway; Gas, Water Shortages in Miami

Hurricane Irma, one of the most powerful Atlantic storms in a century, drove toward Florida on Friday after lashing the Caribbean with devastating winds and torrential rain, killing 19 people and leaving a swathe of catastrophic destruction. Irma was about …

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