PG&E in California Seeks $3.6B in Rate Hikes for Wildfire Safety July 2, 2021 Pacific Gas & Electric asked regulators Wednesday to grant a $3.6 billion rate hike to help it pay for hardening...
Boys Scouts Reaches $850M Settlement With Group of Sex Abuse Survivors July 2, 2021 By Katherine Doherty and Steven Church The Boy Scouts of America reached settlement with a major group of sex-abuse survivors, a defining moment in the organization’s...
Tesla Auto Caught Fire During Driving, Lawyer Alleges July 2, 2021 By Hyunjoo Jin and David Shepardson A Tesla Inc. Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three...
Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals July 2, 2021 By Mark Hollmer As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert....
The Regulatory and Legal Risks Facing Online Broker Robinhood July 2, 2021 By Chris Prentice and Michelle Price Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported...
Pennsylvania Governor Wolf Signs Off on Revisions to State’s Medical Pot Law July 2, 2021 By Mark Scolforo Medical marijuana patients can continue to get a three month’s supply at a time, rather than one month’s, under revisions...
New Hampshire Insurance Department Investigates 18 Insurance Fraud Cases July 2, 2021 The New Hampshire Insurance Department has announced that it investigated and submitted for criminal prosecution a total of 18 insurance...
New York Regulator Issues New Guidance on Growing Ransomware Threat July 2, 2021 The New York State Department of Financial Services (DFS) has issued new guidance on preventing ransomware attacks. In the guidance,...
Florida Rejects PIP Reform Again July 2, 2021 By Patrick Wraight It might be shocking, but not only do I work for the fine people who publish Insurance Journal, but I...
People Moves: PartnerRe’s Hanhart to AXIS Re; Zurich Names Verkerk to New Role of Chief Platform Officer; PwC’s Maxwell to MS Amlin as CRO July 2, 2021 These International People Moves include appointments at AXIS Re, Zurich Insurance Group and MS Amlin. Details of these new hires...