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90 Vermont Schools Sue Monsanto Over Toxic PCB Contamination of Buildings

Dozens of Vermont school districts have sued chemical giant Monsanto over toxic contamination in educational buildings from now-banned industrial chemicals known as PCBs. Last year, Vermont became the first state in the country to require older schools to test their …

Generali Buys U.S. Asset Manager Conning Under Deal With Cathay Life

Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding, the Italian insurer said on Thursday. The deal, structured as an exchange of assets without …

Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M

Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country’s internet sector. China’s central …

Viewpoint: What Role Could Insurance Premium Finance Have Played in Recent Bank Failures? (Part 2)

The longer the maturity and the lower the coupon, the more sensitive the note/bond price is to changes in interest rates. To pause and reflect for a moment on what we’ve discuss so far, the price of the bonds held …

As Ukraine Grain Deadline Approaches, Pact Is Already Nearly Broken

Global leaders are racing to salvage an international deal to allow Ukraine’s grain shipments by sea before it expires in less than two weeks. They face a key problem: the pact, already extended three times, is nearly defunct. The nation’s …

Republican Attorneys General Urge Biden to Drop EPA Emissions Plan

A group of 25 Republican state attorneys general Thursday urged the Biden administration to abandon its proposal to sharply cut vehicle tailpipe emissions, which would require dramatically more electric vehicles, saying it would harm the economy and burden the electrical …

CSU: Above Average Atlantic Hurricane Season Now Expected

Colorado State University (CSU) hurricane researchers have upped their hurricane season forecast. An above average Atlantic hurricane season is now expected for 2023, though there is a greater level of uncertainty than normal. The CSU team now predicts 18 named …

SC DOI Ups Grant Size for Wind Mitigation Program

The South Carolina Safe Home wind mitigation program has been revised to allow higher grant awards, due to the rising cost of construction materials and labor. The South Carolina Department of Insurance said in a bulletin this week that the …

Appeals Panel Says CCC Software Does Not Violate Florida Law in Auto Claims

An insurer that used CCC Intelligent Solutions software to determine the payout for a claimant’s vehicle did not violate a Florida law that sets forth only three methods that auto insurers may use to determine actual cash value, a divided …

Massachusetts High Court Affirms Limit on Wrongful Death Suits in Tobacco Ruling

If a person’s right to bring a personal injury lawsuit has expired by the time of his or her death, the person’s estate is barred from bringing a wrongful death suit in Massachusetts for the benefit of the beneficiaries. The …

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