A controversial proposal in California to temporarily increase taxes on billionaires has enough signatures to qualify for the November ballot, a labor union backing the measure said. The proposal, backed by the Service Employees International Union Healthcare Workers West, would …
Billionaire Tax Proposal in California on Track to Qualify for Ballot, Say Backers Read More »
The Doctors Company made several leadership appointments to add its medical professional liability operations. Todd Zeiter has been promoted to chief underwriting officer. He has amassed an underwriting and reinsurance background and nearly three decades at The Doctors Company. He …
The Bucks County district attorney announced criminal charges against the owner and operator of Advanced Public Adjusters. Greg A. Micucci, of Bristol, is accused of misappropriating approximately $140,000 in insurance claim funds intended for nine victims and their contractors. The …
Public Adjuster Charged with Stealing $140K in Insurance Payouts Read More »
A cyberattack that stole $4.8 million in taxpayer money has spurred a New Jersey suburb to issue short-term debt as officials try to recover the funds. Spotswood, located roughly 40 miles outside New York City, was targeted by hackers last …
Cyberattack on NJ School Forces Debt Sale to Cover Stolen Funds Read More »
Three Brown University students injured in a shooting on the school’s Providence, Rhode Island campus last December have filed negligence lawsuits alleging that the Ivy League school ignored warnings about the shooter and failed to provide adequate security. Eleven people …
Brown University Sued for Negligence by Students Injured in Shooting Read More »
Allstate Corp. first quarter 2026 net income applicable to common shareholders more than quadrupled compared with the same time a year ago, due to a large gain in underwriting income. Net income was $2.4 billion for Q1 versus $566 million …
Allstate Q1 Net Income Skyrockets on Underwriting Gains Read More »
Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee County man has been sentenced to 24 months of probation for insurance fraud. Chad Ashe, aged 43, pleaded guilty on January 21, 2026, in Cherokee County District Court to one felony count …
Kansas Man Sentenced to Probation for Insurance Fraud Read More »
The Bank of England’s regulatory arm on Wednesday set out plans to tighten the capital treatment of funded reinsurance, a type of deal in which life insurers pass on risk to offshore reinsurers. British life insurers will have to increase …
Bank of England to Curb Offshore Life Insurance Trades Read More »
Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren’t delivered …
Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes Read More »
Insurtech Lemonade reported a first quarter 2026 net loss of about $35.8 million compared with a loss of about $62.4 million during the same time in 2025. However, Lemonade said its topline growth was positive, with 159% increase in year-to-year …
Lemonade Logs Q1 Net Loss With Topline Growth Read More »
