India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source February 28, 2022 India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp...
People Moves: Bakofsky at Florida OIR, Gorman at North Carolina February 28, 2022 Bakofsky Named Chief of Staff at Florida OIR Florida Insurance Commissioner David Altmaier announced that communications director Alexis Bakofsky has...
People Moves: Surplus Line Association of California Names Beaver Board Chair, Gobler Vice Chair, Washington Secretary February 28, 2022 The members of the Surplus Line Association of California elected Janet Beaver as chair of the SLA board. Eligible members...
New York State Ethics Commission Hit by Cyber Attack February 28, 2022 ALBANY, N.Y. (AP)— New York’s ethics commission has shut down its online filing system as authorities investigate a “deliberate malicious...
California Commissioner Wants to Require Insurers to Factor Wildfire Safety Steps into Pricing February 25, 2022 California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of...
Pandemic, Other Risks Weigh on Minds of Middle-Market Execs February 25, 2022 Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the...
Fire Destroys Historic Los Angeles Poor Farm Buildings February 25, 2022 Several abandoned buildings at the historic Los Angeles County Poor Farm were destroyed by fire, fire departments said. At least...
Insurance Technology: Nationwide Sponsors Homecare Robots; Trucker Platform Nirvana Raised $25M; DealerPolicy Rebrands as Polly; Dent.co Aids Auto Repairs February 25, 2022 Nationwide Sponsors Labrador Retriever Robot Giant insurer Nationwide is partnering with an early-stage robotics company, Southern California-based Labrador Systems, on...
Washington Inmate’s Family to Get $3.75M in Cancer Death February 25, 2022 Washington state will pay $3.75 million to settle a wrongful-death lawsuit brought by the family of a man who died...
Montana Jury Awards $36.5M to Former Libby Miner With Lung Disease February 25, 2022 A Montana jury has awarded $36.5 million in damages to an Oregon man who suffers from lung disease because of...