A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0. Related: California OKs …
California FAIR Plan Stabilization Act Moving Through Legislature Read More »
Specialist insurer CFC announced a new cyber product – Cyber Proactive Response (CPR) – aimed at businesses with revenues up to $250 million. CFC said the new product includes two firsts for the cyber insurance industry. Policyholders will not only …
Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts Read More »
An Iowa man was sentenced last week to ten years in prison after pleading guilty to Insurance Fraud (Class D Felony) and Fraudulent Practice (Class D Felony), following an investigation conducted by the Iowa Insurance Division’s Fraud Bureau. Bryce Douglas …
Iowa Man Who Falsified Rolex Watch Claim Sentenced to 10 Years in Prison Read More »
The US Supreme Court largely sided with the Food and Drug Administration in its rejection of applications to sell flavored vaping products, backing actions the agency took during Joe Biden’s presidency amid uncertainty about the approach it will take under …
Supreme Court Largely Backs FDA on Flavored Vapes Read More »
The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The …
TDI to Adopt 11.5% Workers’ Comp Rate Decrease Read More »
The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund. …
Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says Read More »
National restaurant chain Chipotle Services, Inc. will pay $20,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) religious harassment, retaliation, and constructive discharge lawsuit, the federal agency announced. The EEOC suit alleged that in July …
Chipotle to Settle Kansas Religious Harassment Lawsuit Read More »
Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region. There’s a rare high risk for damaging winds and long-lasting powerful …
Severe Storm Threatens Central US With Heavy Rains, Tornadoes Read More »
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to be an insurance provider …
Firm Issued Fake insurance for Russian Oil Tankers, Norway’s Regulator Says Read More »
The flourishing landscape of home-based businesses has brought forth many opportunities for aspiring entrepreneurs, allowing them to explore their passions while enjoying the comforts and flexibility of working from home. However, this exciting venture has unique risks and challenges that can impact one’s professional aspirations and assets. Consequently, it becomes imperative for these business owners
How To Insure A Home-Based Business Read More »
