In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a S&P Global Market Intelligence analysis. The net combined ratio for the sector — when excluding policyholder dividends — was 111.8. …
Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it separately in its supervision of the financial system, Fed Governor Christopher Waller said on Thursday in a detailed rebuttal of …
The Kentucky Department of Insurance will hold a virtual meeting Monday to discuss changes to local government premium taxes due to take effect later this year. Kentucky law allows cities and counties to set taxes or fees on some types …
Four months after a 6-year-old Virginia boy shot and wounded his teacher as she taught class in Newport News, an attorney for the boy’s mother said it still is not clear how the boy got the gun. Police have said …
China’s Communist Party appointed Li Yunze, vice governor of Sichuan province, as the party chief of its new financial regulator, the China Banking and Insurance Regulatory Commission (CBIRC) said on its official WeChat account on Wednesday. Reuters had reported earlier …
The publisher of British tabloid the Daily Mirror acknowledged and apologized Wednesday for unlawfully gathering information about Prince Harry, saying at the outset of a trial over one of his phone hacking lawsuits that the prince was due “appropriate compensation.” …
Members of New Mexico’s congressional delegation are criticizing federal emergency managers for missing deadlines as residents seek recovery assistance following the largest wildfire in the state’s recorded history. It has been a year since the U.S. Forest Service sparked the …
A South Central Washington irrigation district is facing stiff fines for not protecting workers from the dangers of trenching the second time this year. The Sunnyside Valley Irrigation District is tasked with delivering irrigation water to landowners in Yakima and …
A federal court jury has awarded back wages of more than $22 million to the U.S. Department of Labor for more than 7,500 employees working for East Penn Manufacturing Co. Inc. — one of the largest battery manufacturers — after …
Britain’s bonfire of European Union laws has been reduced to embers. The U.K. government on Wednesday scrapped a plan to remove all remaining EU laws, about 4,000 in all, from British statute books by the end of this year — …
