The California Insurance Commissioner’s Conservation and Liquidation Office (CLO), as Conservator of California Insurance Company (CIC), is seeking an Independent Consultant to assist the Conservator in performing Section 2.6 and Schedule 2.6 of the Rehabilitation Plan for CIC, a workers’ …
As natural catastrophes become more frequent and destructive, a key backstop intended to help cover losses has gotten harder to access. The reinsurance industry, which exists to help primary insurers cope with losses when disaster hits, has taken significant steps …
S&P Warns of Reinsurer Protections as Catastrophe Risks Escalate Read More »
In the days and weeks following the death of his 9-year-old daughter, Lila, at Camp Mystic in the Texas Hill Country, Blake Bonner found himself wondering whether the tragedy was simply an unstoppable act of God, or if something could …
New Texas Laws Ban Youth Cabins in Floodways, Require Camp Safety Plans Read More »
Two members of the Marquette men’s lacrosse team were killed in a car wreck Friday night near the school’s campus in downtown Milwaukee. Marquette officials confirmed that Scott Michaud and Noah Snyder died in the crash. A Mass was held …
Two Marquette Men’s Lacrosse Players Killed in Car Wreck Read More »
Sound risk management, strategic use of technology and a maturing partnership with alternative capital have subdued the cyclical nature of the reinsurance market. To achieve or reach beyond the cost of capital, reinsurers must balance short-term opportunities with strategic long-term …
Global Reinsurers Meet Cost of Capital for Second Consecutive Year Read More »
President Donald Trump’s administration abandoned on Friday the U.S. government’s legal defense of a rule adopted under former President Joe Biden that had banned agreements commonly signed by workers not to join rivals of their employers or launch competing businesses. …
DOJ Drops Defense of Ban on Employee ‘Noncompete’ Agreements Read More »
A federal judge agreed to dismiss a lawsuit brought by a 92-year-old Miami homeowner claiming that a state-run arbitration agency deprives policyholders of their constitutional rights when reviewing claims disputes against Citizens Property Insurance Corp. “The dismissal is effective immediately …
While One Suit Over Citizens’ DOAH Hearings is Dropped, Drama Builds in Another Read More »
Anthropic told a San Francisco federal judge on Friday that it has agreed to pay $1.5 billion to settle a class-action lawsuit from a group of authors who accused the artificial intelligence company of using their books to train its …
Anthropic Agrees to Pay $1.5 Billion to Settle Authors’ Copyright Class Action Read More »
The California Labor Commissioner’s Office cited J BBQ, a Koreatown restaurant, more than $680,000 for wage theft violations. A total of 48 workers were impacted by the violations, which included unpaid wages, denied breaks, and inaccurate wage statements, according to …
California Labor Commissioner Cites Los Angeles Restaurant $680K Read More »
An attorney advocated for allowing opioid settlement money to be spent on public defenders. A prevention expert talked about effective strategies for deterring substance misuse in the first place, cautioning against one-time speakers at assemblies. Multiple family members who lost …
Public Speaks Out on How Pennsylvania Should Spend Opioid Settlement Funds Read More »
