Declarations
Not High Time “This bill is not about getting high. This bill is about getting well.” — Dr. Alan Shackelford, a Colorado doctor who described the success of using medical marijuana on people with seizures and cancer at the Alabama …
California Public Utilities Commission Fines PG&E $2.1B over Wildfires
The California Public Utilities Commission issued an administrative law judge decision imposing $2.137 billion in penalties against Pacific Gas and Electric Company for the utility’s role in the catastrophic 2017 and 2018 wildfires. If PG&E agrees to the modified settlement, …
Why Banning Rating Factors Could Hurt Auto Even More
Auto insurance affordability is an important issue for consumers and the industry. Insurers take a wide variety of actions to make auto insurance as affordable as possible for consumers because they recognize that its cost can have a real impact …
Oregon Resort Sued For $30M After Deaths of Skier, Snowboarder
The families of a skier and snowboarder who died on the same day at a central Oregon ski area jointly filed a wrongful death lawsuit seeking $30 million. The lawsuit filed in late February in Deschutes County Circuit Court contends …
Board Finalizes Rule Scaling Back Joint Employer Liability for Franchisees, Contractors
A U.S. labor board finalized a rule that will make it more difficult to hold companies liable for unlawful labor practices by franchisees and contractors, reversing a more worker-friendly Obama-era standard criticized by business groups. The rule by the National …
Atlantic Casualty to Create 83 Jobs, Invest $11.8M in North Carolina Operations
Atlantic Casualty Insurance Co., a national provider of commercial insurance products, will create 83 jobs and invest more than $11.8 million through an expansion of its Wayne County, N.C., headquarters, according to a statement from the North Carolina Department of …
Ratings Roundup: Midwest Family Insurance Group
Outlooks for Iowa’s Midwest Family Insurance Group Revised to Positive AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Iowa-based Midwest …
Tennessee Licenses 200th Captive Insurance Company
The Tennessee Department of Commerce & Insurance (TDCI) has licensed its 200th insurance company, Mattoon Insurance Co., making the state the seventh-largest captive domicile in the U.S., according to a statement from the department. Mattoon is owned by Rural King, …
Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus
The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S. property/casualty companies, nor their ratings, according to Fitch Ratings. The nature of insured commercial exposures along with restrictive language embedded …
James River Accuses 52 South Carolina Residents of Faking Uber Accidents
Some South Carolina residents deliberately caused hit-and-run accidents while in Uber rides as part of an insurance scam, a car insurance company says in a lawsuit. The lawsuit from James River Insurance says 52 people were involved in an insurance …