Judge Indu Thomas entered the final order declaring that Insurance Commissioner Mike Kreidler exceeded his authority when he issued a permanent rule banning the use of credit-based insurance scores. Judge Thomas initially granted the industry’s petition for a declaratory judgment …
California lawmakers this week approved a nation-leading measure that would give more than a half-million fast food workers more power and protections, over the objections of restaurant owners who warn it would drive up consumers’ costs. The bill will create …
Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance market. Fairmatic started back in May 2018 and did …
The Rum Creek Fire in remote southwest Oregon has burned nearly 18.75 square miles is threatening thousands of homes and is only about 1% contained. As of Tuesday morning, the Northwest Interagency Coordination Center said 5,035 homes and more than …
One day after a judge set a new trial date for former Carolina insurance executive Greg Lindberg’s bribery case, the U.S. Securities and Exchange Commission charged that Lindberg and an associate had defrauded clients out of $75 million by using …
In Mississippi’s capital, thousands of residents have no running water, after river flooding contributed to longstanding problems at the city’s water treatment facilities. Emergency officials on Tuesday were distributing bottled water to residents, a local university was using temporary restrooms …
Everest Insurance Division Announces Key Leadership Appointments Everest Insurance, the Insurance division of Everest Re Group, Ltd., has announced key appointments in its U.S. Wholesale division. Casey Hartley has been named senior vice president and head of U.S. wholesale casualty. …
The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies – either diving in to write more business at higher premiums or reducing their exposure, according …
Severe storms that brought damaging winds, heavy rains and flash flooding to parts of the Midwest and the South were blamed for the deaths of three people, including two children in Michigan and Arkansas as well as a woman in …
This edition of International People Moves details appointments at TigerRisk, Gallagher Re and BMS Re. A summary of these new hires follows here. TigerRisk Hires Aon’s Rosenberg for ILS Team TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced the …