Insurers say a new regulation proposed by Washington state Insurance Commissioner Mike Kreidler that requires them to explain premium increases to their policyholders in language consumers can understand has the potential to delay rate filings. Kreidler announced the proposed rule …
Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers insurance for startups and venture capitalists – as well as financial institutions supporting these entities – would have been staring …
Six environmental groups filed a lawsuit on Tuesday over the Biden administration’s approval of ConocoPhillips’ Willow oil and gas project in Alaska, which they claimed could be a stepping stone to more development in an ecologically sensitive region. Trustees for …
The top U.S. markets regulator announced a package of proposed policies on Wednesday designed to harden the financial system against hacking, data theft and systems failure. At the start of a public meeting, the Securities and Exchange Commission’s (SEC) five …
Arthur J. Gallagher & Co. announced the acquisition of UK-based AT Squared Holdings Ltd., operating as FE Protect. Terms of the transaction were not disclosed. FE Protect is an insurance broker specializing in the UK education sector. Based in Merseyside, …
PCF Insurance Services in Lehi, Utah, has announced two new senior vice presidents. Peter Nettesheim was named to the newly created role of senior vice president of data and technology. Nettesheim has 25 years of experience and oversees data, business …
The first lawsuit filed over a Christmas tree fire in Philadelphia – which killed 12 members of an extended family last winter – accuses the city’s Housing Agency of lax oversight of the three-story rowhouse and a California company of …
The city of Denver will pay $1.6 million to settle lawsuits filed by seven people who police injured during demonstrations over the killing of George Floyd in 2020. The City Council approved the settlements Monday, the largest of which will …
The Workers’ Compensation Insurance Rating Bureau of California’s Actuarial Committee is set to talk about insurer experience, and the impact of the economic slowdown on the pure premium. The committee is set to meet virtually at 9:30 a..m on March …
A Southern California residential care home company and three of its managers have been charged in connection with 14 COVID-related deaths at one of its facilities three years ago, prosecutors said. The criminal complaint alleges Silverado Senior Living Management failed …