Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued, according to a report from Swiss Re AG. The insurance-linked securities market could end up with more than $10 billion …
Wyoming marijuana advocates plan to begin circulating petitions in September for two proposed ballot measures – one asking if the state should legalize medical marijuana, and the other if it should decriminalize pot. The Wyoming Attorney General’s Office this week …
The number of credit rating upgrades and downgrades in the U.S. property/casualty (P/C) insurance industry increased in the first half of 2021 moderately over the same prior-year period, according to an AM Best special report. Rating actions for P/C carriers …
California’s State Compensation Insurance Fund is offering a 30-day credit extension to policyholders affected by wildfires currently burning in Northern California counties declared states of emergency by Gov.Gavin Newsom. The counties are Alpine, Butte, El Dorado, Lassen, Nevada, Placer, Plumas, …
Neighborhood Restaurant Partners Florida, LLC, doing business as Applebee’s, violated federal law by subjecting an employee to race and sexual orientation discrimination, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed Aug. 12. The EEOC charges that …
Massachusetts’ two largest utilities have asked to defer reimbursement payments for weather damage after a record amount of storms exceeded the maximum number the companies can seek reimbursement for. Under state law, utilities may recover operations and maintenance costs from …
Swiss Re announced changes in the leadership of its Reinsurance Business Unit. Effective Jan. 1, 2022, Jason Richards will become country president and CEO UK & Ireland. He will be succeeded by Julie Stephenson as global head of Casualty. Richards, …
Employees of the Massachusetts veterans’ home at the center of a devastating COVID-19 outbreak in the spring of 2020 have sued several members of the facility’s former leadership team, alleging they were forced to care for sick and dying veterans, …
On Aug. 13, the former mayor of a southwest Illinois town became the second area mayor to plead guilty to lying to federal agents investigating a case involving commission payments related to the placement of casualty loss and workers’ compensation …
A New Jersey woman who killed her abusive ex-fiance can proceed with a lawsuit that claims her rights as a domestic violence victim were violated when a county prosecutor publicly identified her, an appeals court ruled Tuesday. The suit alleges …