Liberty Mutual owes approximately $4 million to about 138,000 Louisiana policyholders after overcharging the Louisiana Property Insurance Corporation Emergency Assessment for the past four years, Insurance Commissioner Tim Temple said. Temple said the Louisiana Department of Insurance received a consumer …
Liberty Mutual Owes $4M Refund After Overcharging Louisiana Citizens Assessments Read More »
A cybercrime crew stole then resold more than 900 digital tickets to Taylor Swift concerts and other pricey events on StubHub, according to prosecutors in New York. The international scam involved people working in Jamaica for a firm contracted by …
Prosecutors Say Taylor Swift Tickets Were Sold Then Resold in Cyber Scam Read More »
The interim chief of the US Securities and Exchange Commission says he expects a slowdown in the Wall Street regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms. “The way I look at financial regulation is, we’re not …
SEC’s Uyeda Expects Slowdown in Rulemaking After ‘Ambitious’ Biden Era Read More »
New York State experienced 74 worker deaths in 2023, a 48% increase over 2022’s 50 deaths, according to an annual report by an occupational safety nonprofit. The report by the New York Committee for Occupational Safety and Health (NYCOSH) found …
Report Cites Increase in Worker Fatalities Across New York Read More »
A truck driver who killed seven farmworkers when he crashed into a parked van on Interstate 5 in Oregon was sentenced on Tuesday to nearly 50 years in prison. Marion County Circuit Court Judge Daniel Wren sentenced Lincoln Smith to …
Trucker in Crash That Killed 7 Farmworkers in Oregon Sentenced to 48 Years Read More »
The South Carolina House of Representatives voted 109-0 Thursday in favor of a bill that would end joint-and-several liability for bars and restaurants and would incentivize additional alcohol-server training, an effort to reduce liquor liability insurance costs in the state. …
SC House Approves Liquor Liability Bill But Broader Tort Reform May Be Dead Read More »
Gallagher Re, the reinsurance brokerage unit of Arthur J. Gallagher & Co., announced it has launched a Cyber Risk Adjusted Rating (RAR) Index, which is designed to measure the change in reinsurance prices adjusted for expected changes to the underlying …
Gallagher Re Launches Cyber Risk Adjusted Rating Index to Track Reinsurance Rates Read More »
Zurich Insurance Group AG has amassed a substantial stake in Banco Sabadell SA, potentially giving it more influence over an important source of sales that’s facing a hostile takeover bid. The Swiss firm has increased its holding in Sabadell to …
Zurich Insurance Expands Stake in Banco Sabadell Amid BBVA Deal Bid Read More »
This edition of International People Moves details appointments at the brokers Miller and Acrisure Re. A summary of these new hires follows here. Miller Taps SCOR’s Foucart as Managing Director in Reinsurance Practice Miller, the London-based independent specialist re/insurance broker, …
The world needs to prepare to fight global warming without the help of the US as the Trump administration pulls billions of dollars pledged to initiatives funding the green transition, the UK’s climate envoy said. This week, South Africa said …
World Must Prepare to Fight Climate Change Without US, UK Says Read More »
