Pacific Gas & Electric asked regulators Wednesday to grant a $3.6 billion rate hike to help it pay for hardening its power systems to prevent deadly wildfires. The nation’s largest electric utility requested the hike beginning in 2023, with half …
A 15-year plan to abate the opioid crisis in a West Virginia community will cost local officials $2.5 billion, a forensic economist has testified. George Barrett testified Tuesday that Cabell County and the city of Huntington would need to spend …
A team of technical experts from the federal government and outside specialists are going to gather building material samples and study soil conditions in order to determine the engineering reasons behind the collapse of a South Florida condominium building, officials …
The Texas Department of Insurance issued a notice this week of the availability of a new option to take a certification exam at your home or at an office online for most major insurance agent lines. An off-site monitor will …
ISMAILIA, Egypt – An Egyptian court on Sunday adjourned hearings to July 11 in a compensation dispute over the container ship that blocked the Suez Canal in March, to allow the canal and the vessel’s owner to finalize a settlement, …
Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially will underwrite political violence risks, with future solutions in development for other lines of business. Working with China Re, Chaucer’s …
Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced it plans to acquire Somerset Bridge Group Ltd., Southern Rock Holdings Ltd. and Somerset affiliates, subject to regulatory approval. The proposed acquisition will include Somerset’s motor managing general agent, …
A Massachusetts man is suspected of stealing the identities of two people in an attempt to buy an $83,000 car, federal prosecutors said. Brandon Brouillard, 27, of Worcester, was indicted last week on bank fraud and aggravated identity theft charges, …
Two women linked to a mobile home fire in western Maryland last week have been charged with arson, according to Maryland fire investigators. The Office of the State Fire Marshal announced that investigators determined that the women, aged 39 and …
His Royal Highness (HRH) the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s. The SMI Insurance Task Force, convened by Prince Charles and chaired by Lloyd’s, is comprised of executives …