The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency pledged to “right size” the watchdog under President Trump. The CFPB dismissed cases against Capital One Financial Corp., a unit …
CFPB Drops Lawsuits Against Capital One, Rocket Unit Read More »
Two major, publicly traded Florida insurance companies reported fourth-quarter earnings, with the Baldwin Insurance Group, Inc. (BWIN) noting a loss of $20.2 million in its fourth quarter. On a per-share basis, the Tampa-based insurance agency and brokerage said it had …
Florida’s Baldwin Group Reports $20M Q4 Loss, Universal Earned $6M Profit Read More »
Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. Terms were not disclosed. With headquarters in Boston, Expert Insured also has …
Selectsys Acquires Expert Insured, with AI for Carriers, MGAs Read More »
HARTFORD, Conn. (AP) — Connecticut lawmakers passed emergency legislation this week prohibiting state agencies and municipalities from purchasing or using Chinese and Russian drones while also imposing restrictions on where drones can be operated in the state. The bill comes …
Connecticut Lawmakers Ban Use of Foreign-Made Drones by State, Local Agencies Read More »
A Florida appeals court has re-affirmed a major state Supreme Court decision, helping to answer lingering questions about whether the 2022 bad-faith litigation reform law can be applied retroactively. The answer is “no,” Florida’s 1st District Court of Appeals said …
Florida’s Bad-Faith Claims Reform Law Not Retroactive, Appeals Court Says Read More »
A carpet-cleaning claim and a fake theft of a Hyundai has led to guilty pleas for two people for insurance fraud in Washington. Seattle resident Jason Weisfeld of Federal Way, Washington, and Fedaa Shakir, both pleaded guilty to submitting false …
Washington Man Pleads Guilty to Insurance Fraud for Carpet-Cleaning Claim Read More »
Tesla Inc. is seeking approval to offer ride-hailing services in California, a key step by Elon Musk’s company to begin carrying paying customers while its traditional car-selling business falters. The electric vehicle manufacturer applied late last year for what’s known …
Tesla Sets Sights on Waymo, Uber in California Ridesharing Bid Read More »
California Gov. Gavin Newsom is enlisting veteran Republican lawmaker Ken Calvert to help push his $40 billion wildfire aid request through Congress and secure President Donald Trump’s backing for rebuilding efforts. Calvert, 71, a longtime member of the powerful House …
Newsom Leans on Veteran Republican to Push $40 Billion California Fire Aid Read More »
A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern NSC.N of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio of a train …
Norfolk Southern Wins Dismissal of Bondholder Lawsuit Over Ohio Train Drailment Read More »
A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural disasters. Prevention needs to become “a mandatory part” of insurance …
AXA CEO Says Prevention Needed to Keep Home Insurance Affordable Read More »
