Southern California Edison (SCE), a subsidiary of utility Edison International, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires in January. The preliminary plan …
Australia’s competition regulator said on Monday Clorox’s local unit had been fined A$8.25 million ($5.19 million) by the Federal Court over falsely claiming its GLAD kitchen and garbage bags were partially made from recycled ocean plastic. The Australia Competition and …
Weeks after deadly fires swept through Los Angeles County, the state regulator in charge of overseeing utility companies declined a request that would have required California’s largest utilities to update maps showing high fire threat areas. Consumer advocates argued for …
Security First Insurance, one of the larger carriers in Florida, with 136,500 policies in force, has elevated two people to key positions. Scot Moore was named chief financial officer, the insurer said in an announcement Monday. Moore has 20 years’ …
United Risk, a subsidiary of Applied Underwriters, announced it has formed a multi-line reinsurance managing general agent. Jay Cahill, previously United Risk’s chief financial officer, has been named chief executive officer of the new MGA. He will be succeeded as …
The U.S. Equal Employment Opportunity Commission (EEOC) sued R&L Carriers Shared Services, LLC, a freight transportation and logistics company, to enforce a subpoena that the EEOC issued during their investigation of a sex and pregnancy discrimination charge, the federal agency …
According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes in credit ratings. The industry financial strength …
DaVita Inc. said it has been impacted by ransomware that had locked down parts of its network. The company, which specializes in providing kidney dialysis to patients at more than 700 hospitals in the US, said in a statement Monday …
An Idaho man pleaded guilty to one count of felony insurance fraud for diverting fiduciary funds for personal use. Johnny Mateo Robles, Jr. of Twin Falls, pleaded guilty to one count of felony insurance fraud for diverting fiduciary funds that …
Five people have been charged in a large-scale insurance fraud scheme involving misrepresented life insurance policies that resulted in fraudulent commissions totaling over $1.4 million. The five, which include a former insurance agent, reportedly fraudulently obtained more than $1.4 million …