Swiss Re Capital Markets has successfully structured and placed the issuance of USD $775 million of insurance-linked securities by Ursa Re II Ltd. to be used for the protection of the California Earthquake Authority. CEA reports more than 1 million …
North Dakota officials say they want to repurpose $16 million in federal coronavirus aid and spend it on grants to encourage fracking instead of using it to clean up abandoned oil well sites. Regulators have presented the proposal as a …
The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc.’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks. Tesla on …
A suburban Atlanta county where leaky pipes keep spilling raw sewage into creeks and rivers would pay a $1.05 million fine to regulators and get seven more years to make repairs under a new proposed federal court order. DeKalb County …
American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters. The insurer agreed to pay a 10% penalty and disallow more than $400 million in foreign tax credits as part of the …
A South Carolina family has settled a lawsuit filed after a 14-year-old high school football player collapsed after an intense practice and died, news outlets reported. The suit, filed against Lexington County School District 1 over the death River Bluff …
Brooke Miano with Brown & Brown of Illinois in Naperville, Ill., has been presented with the Independent Insurance Agents of Illinois (IIA of IL) Agent of the Year Award during the association’s annual convention, held virtually. The Agent of the …
North Carolina Democratic Gov. Roy Cooper said Wednesday that the state will keep its reopening guidelines in place for three more weeks, at a time when key coronavirus metrics worsen. Since Cooper increased mass indoor and outdoor gathering limits and …
Only one-in-14 COVID-19 cases involving working-age Californians from May through September of 2020 has been claimed as a job injury, while only 1-in-25 COVID-19 deaths among working age individuals has been claimed to be work-related according to a new California …
The former president of Blue Bell Creameries has been charged with wire fraud for allegedly trying to cover up a 2015 listeria outbreak linked to the company‘s ice cream that killed three people in Kansas and sickened several others, federal …