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West Regulation Report Card: California Most Politicized State

A report gives California’s insurance regulatory environment low marks for auto body repair rules, the insurance commissioner’s call for insurers to divest from coal, its prior approval law and being the “most politicized state in the country.” California was given …

Ohio Jury Hits DuPont with $2M Ruling over Teflon-making Chemical

A U.S. jury in Ohio ordered DuPont to pay $2 million to a man who said he developed testicular cancer from exposure to a toxic chemical leaked from one of the company’s plants, according to the plaintiff’s lawyer Robert Bilott. …

East Regulation Report Card: Vermont Ranks Best for 3rd Straight Year

The R Street Institute, a nonprofit public policy research organization headquartered in Washington, D.C., has found that Vermont has the best insurance regulatory environment in the U.S. for the third straight year in its annual Insurance Regulation Report Card. The …

Activist Kids in Washington Allowed to Go Forward with Climate Case

Eight Seattle children should have “their day in court” to argue that Washington state and others aren’t protecting them from climate change, a judge ruled. King County Superior Court Judge Hollis Hill on Monday allowed the young petitioners to move …

Uber Capitulates, Takes Self-driving Cars off Streets of San Francisco

Uber Technologies Inc has removed its self-driving cars from San Francisco streets after California regulators cracked down on the week-old program because the company had not obtained a permit to test the vehicles. The California Department of Motor Vehicles said …

Brexit Threatens 10% of London’s Financial Jobs: City of London Corp. Official

Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called for full access …

Hong Kong Agents, China Insurers Face Tech-Related Disruptions: 2017 Predictions, Part 4

The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a prediction for the future of …

Startup Insurer Lemonade Is Going National; Files for Licenses Countrywide

Insurance startup Lemonade is eyeing a national expansion and has filed for licenses to operate in 46 states and the District of Columbia. The peer-to-peer insurer that is focused on renters and homeowners insurance is pursuing the broader regulatory approval …

Ex-Nanny for Penguins Player in Pennsylvania Gets 5-Year Federal Sentence

The former nanny of Pittsburgh Penguins player Chris Kunitz was sentenced Tuesday to five years in federal prison for setting fire to her rental residence and then filing fraudulent insurance claims for the contents. The public defender for Andrea Forsythe, …

Vermont Governor-Elect Reappoints Commissioner Pieciak

Vermont Governor-elect Phil Scott announced he would reappoint Michael Pieciak as commissioner of the Department of Financial Regulation. The department will also retain the deputy commissioners for each of its four divisions, which include Cynthia Stuart for Banking, Kaj Samsom …

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