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6 08, 2021

Company Paying $1M After California Department of Insurance Alleges Employee Broke Law

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First American Title Co. has agreed to pay $1 million after a California Department of Insurance investigation alleged that one of its title marketing representatives violated state law protecting consumers from conflicts of interest that can inflate the cost of …

10 08, 2021

State Asking FEMA to Assess Southern Vermont Flood Damage

By | August 10th, 2021|Uncategorized|Comments Off on State Asking FEMA to Assess Southern Vermont Flood Damage

The state is going to ask the Federal Emergency Management Agency to see if the damage caused by flooding in southern Vermont will qualify for disaster assistance. To qualify, Vermont must show there is at least a million dollars’ worth …

6 08, 2021

Washington Farm to Pay More $2M Following COVID Deaths

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The state of Washington has reached a settlement with Gebbers Farms Operations, LP to spend more than $2 million improving housing, quality of life, safety and access to health care for farm employees and their families. The Washington state Department …

19 08, 2021

Texas Takes 1.6K Commercial Vehicles Off the Road After International Roadcheck

By | August 19th, 2021|Uncategorized|Comments Off on Texas Takes 1.6K Commercial Vehicles Off the Road After International Roadcheck

Texas public safety officials said on Aug. 18 that an inspection of 6,288 commercial motor vehicles in the state resulted in more than 1,000 citations, over 18,500 warnings and more than 1,600 vehicles taken out of service for safety violations. …

6 08, 2021

Judge Revives Class-Action Claim Against Wynn Resorts in Nevada

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A federal judge in Nevada has revived elements of a securities fraud lawsuit seeking class-action status for allegations that executives at Wynn Resorts Ltd. knew about, but disregarded, reports of sexual harassment and misconduct against company founder Steve Wynn. U.S. …

10 08, 2021

AM Best Downgrades Credit Ratings for Kingstone Insurance Company

By | August 10th, 2021|Uncategorized|Comments Off on AM Best Downgrades Credit Ratings for Kingstone Insurance Company

AM Best has downgraded the financial strength rating to B+ from B++ and the long-term issuer credit rating to “bbb-” from “bbb” for Kingstone Insurance Company (KICO) of Kingston, New York. Concurrently, AM Best has downgraded the long-term ICR to …

6 08, 2021

Rate Hikes, Investments Help AIG Get Back to Profit in Q2

By | August 6th, 2021|Uncategorized|Comments Off on Rate Hikes, Investments Help AIG Get Back to Profit in Q2

American International Group generated a modest profit in the second quarter, citing gains from higher net investment income, far fewer catastrophe losses and strong rate hikes in its property/casualty business. The insurance giant produced $91 million in net income. That …

19 08, 2021

California Commissioner Issues Non-Renewal Moratorium to Aid Policyholders Affected by Wildfires

By | August 19th, 2021|Uncategorized|Comments Off on California Commissioner Issues Non-Renewal Moratorium to Aid Policyholders Affected by Wildfires

California Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies from non-renewing or cancelling residential property insurance policies. The action is intended to aid more than 25,000 policyholders who have been affected by the Lava …

6 08, 2021

Postmates Paying $1M to Washington Gig Workers in Settlement

By | August 6th, 2021|Uncategorized|Comments Off on Postmates Paying $1M to Washington Gig Workers in Settlement

Online food delivery platform Postmates has agreed to pay almost $1 million to settle allegations it violated the city’s paid sick leave policies for gig workers, Seattle’s Office of Labor Standards said. The city said in a news release that …

10 08, 2021

NTSB Says Boston Green Line Train That Hit 2nd Train Was Going 30 MPH

By | August 10th, 2021|Uncategorized|Comments Off on NTSB Says Boston Green Line Train That Hit 2nd Train Was Going 30 MPH

The Green Line train that struck a second train in Boston was traveling at 30 miles per hour, while the train that was struck was traveling at about 10 mph, according to a preliminary review of data by the National …