The Bank of England’s regulatory arm on Wednesday set out plans to tighten the capital treatment of funded reinsurance, a type of deal in which life insurers pass on risk to offshore reinsurers. British life insurers will have to increase …
Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee County man has been sentenced to 24 months of probation for insurance fraud. Chad Ashe, aged 43, pleaded guilty on January 21, 2026, in Cherokee County District Court to one felony count …
The U.S. Department of Labor has ordered an inspection company to reinstate and compensate a terminated worker who reported safety concerns during installation of a natural gas pipeline in Watonga, Oklahoma. The department’s Occupational Safety and Health Administration investigated a …
Beazley, the specialty insurer, has announced the appointment of Sundeep Khera as head of Marine, effective April 21, 2026. As part of the Marine, Accident & Political (MAP) Risks team, Khera will lead the Marine, Energy, Aviation and Space teams, …
The Midwest is bracing for severe weather on Monday, including the threat of the excessive rainfall, hail damaging wind gusts and tornadoes. Missouri, Illinois and Indiana face the greatest risk of severe storms. Scattered large hail, flooding, severe and damaging …
The city of Baltimore suffered a defeat in its efforts to address the opioid epidemic last week when the Maryland Supreme Court vacated a $152 million public nuisance verdict won by the city against drug distributors McKesson and AmerisourceBergen. The …
The U.S. Supreme Court appeared divided on Monday over Bayer AG’s effort to shut down thousands of lawsuits accusing the company of failing to warn users that the active ingredient in its Roundup weedkiller causes cancer. The justices heard arguments …
The Safeco Insurance brand has gone the way of the dodo bird. It’s now all Limu Emu, all the time. Liberty Mutual said on April 27 that it followed through with what it said about a year ago and officially …
A California company was fined $4.4 million for misclassifying caregivers as independent contractors. The California Labor Commissioner’s Office cited Hart Placement Agency Inc., a Canoga Park based company, and its principals, Annie Ghaw and Hartmann Ghaw, for misclassifying 144 caregivers …
The Department of Justice issued an order on April 23, rescheduling state-licensed medical marijuana and Food & Drug Administration-approved cannabis products to Schedule III of the Controlled Substances Act (CSA). The order is also expected to jumpstart the stalled Drug …