AM Best, headquartered in Oldwick, New Jersey, appointed Kenneth J. Johnson as senior managing director and chief ratings officer. Stefan Holzberger moved into the role of executive vice president and chief operating officer at AM Best Rating Services. Johnson has …
Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs. The company listed $1 billion to $10 billion in assets and liabilities each, along with more than 100,000 …
Private Hospital Owner Prospect Medical Files for Bankruptcy Read More »
This post is part of a series sponsored by IAT Insurance Group. There’s been no shortage of examples in recent years of how deepfake technology can be used in alarming ways: Fraudsters recently posed as a multinational company’s CFO over …
New Law in New Hampshire Creates Private Right of Action For Victims of Deepfakes Read More »
As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer. Despite the cacophony of a world stage that includes …
The Most Important LA Wildfire Stories to Know About Read More »
A Minnesota judge has ordered MyPillow to pay nearly $778,000 for unpaid bills and other costs to package delivery service DHL, which had sued the company that’s synonymous with its founder, chief pitchman and election denier Mike Lindell. The award …
Minnesota Judge Orders MyPillow to Pay $778K to Delivery Service DHL Read More »
Texas Attorney General Ken Paxton on Thursday sued TikTok for the second time in recent months, accusing the social media company of violating deceptive trade law by downplaying its addictiveness and exposing children to explicit material. The suit argues that …
Texas AG Files Second Lawsuit Against TikTok Over Explicit Content Read More »
A powerful winter storm sweeping the US South has grounded more than 2,000 flights, halted passenger trains and threatens the region with heavy snowfall. As of 7:15 a.m. New York time, 2,043 flights around the US were canceled, more than …
Winter Storm Sweeps US South, Grounding More Than 2,000 Flights Read More »
Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for both insurers and their reinsurers, with preliminary …
Re/Insurance Losses From LA Wildfires Expected to Be Significant but Manageable: S&P Read More »
ASHEVILLE, N.C. (AP) — North Carolina governments are receiving over $1.65 billion in federal block grant money to help address historic levels of damage caused by Hurricane Helene in western North Carolina. The money — $1.43 billion for North Carolina …
$1.7B in Block Grants Awarded to North Carolina Governments for Helene Recovery Read More »
ATLANTA (AP) — After years of stalled efforts to limit civil lawsuits, Georgia Gov. Brian Kemp and Republican lawmakers are doubling down with a new push. Supporters, most prominently business groups, call the state a “judicial hellhole,” and argue that …
Georgia Lawmakers Gearing Up for New Tort Reform Push Read More »
