It’s not just a few Florida property insurance companies that are running into financial trouble. Almost every carrier is losing money in 2021 and the future does not look any better, the CEO of Citizens Property Insurance Co. told lawmakers …
Enbridge has failed to meet a deadline set by the Minnesota Department of Natural Resources for cleaning up a site where an aquifer ruptured during construction of the Line 3 oil pipeline, DNR officials said. The agency had given the …
Washington Insurance Commissioner Mike Kreidler says he will seek an effective date of Jan. 1, 2022 for a permanent rule to temporarily ban the use of credit scores for insurance policies for three years. Kreidler’s emergency order prohibited insurers from …
Davies, a professional services and technology company serving the insurance market, announced it has agreed to purchase Insurance Risk Services, a Florida-based firm that provides inspections for underwriting. Insurance Risk Services, or IRS, is based in Lake Mary, Florida. It …
The California Labor Commissioner’s office has cited JPI Construction $1.7 million for wage theft violations affecting 265 workers. An investigation reportedly found that the San Diego-based company failed to pay workers properly on commercial and residential construction projects, resulting in …
For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget expectations, but their very strong capital adequacy continues to provide a cushion, according to S&P Global Ratings. “The top 21 …
This edition of International People Moves details appointments at broker Aon, insurtech Marshmallow, and loss adjuster Sedgwick. A summary of these new hires follows here. Aon Appoints WTW’s Forsgård as CEO for Nordic Region Insurance broker Aon plc announced the …
The former owners of a Salem property recklessly cut corners that probably led to the release of asbestos during demolition at the site, the state attorney general’s office said in a lawsuit. The office alleges in the suit, filed this …
Environmental regulators in Maine will soon undertake a statewide investigation to find concentrations of long-lasting environmental pollutants. The investigation stems from the state’s efforts to mitigate a class of chemicals known as PFAS, which are also called “forever chemicals.” The …
U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway …