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Washington Insurance Commissioner Fines Company $100K for Operating Illegally

Washington Insurance Commissioner Mike Kreidler fined First Premier Home Warranty Corp. $100,000 and ordered the New York-based home warranty company to stop conducting insurance business in Washington. The cease-and-desist order notes that First Premier submitted a service contract provider application …

Chevron to Pay Over $13M in Settlement for California Oil Spills

Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regulations. Chevron, which has …

New Georgia Regs Would End ‘Half Credits’ for Some Insurance License Courses

The Georgia insurance commissioner’s office will hold a hearing April 15 on proposed changes to continuing education regulations for insurance agents. The new rules would bring Georgia in line with industry best practices and would end the practice of giving …

CyberSaint Raises $21M for Automating, Quantifying Cyber Risk Management

Boston-based cyber risk management firm CyberSaint reports it has raised $21 million in Series A funding led by Riverside Acceleration Capital. Additional participating investors include Sage Hill Investors, Audeo Capital, and BlueIO. CyberSaint’s CyberStrong platform deploys artificial intelligence to allow …

Risk Strategies Acquires North American Units of H.W. International

Global specialty brokerage Risk Strategies reported that it has acquired the U.S. and Canadian operating entities of global insurance holding company, H.W. International B.V. Based in New York City, Hugh Wood Inc. (U.S.) provides commercial lines, personal lines, and group …

Nine Dead After South Korean-Flagged Vessel Capsizes off Japan, South Korea Says

At least nine people were killed when a South Korean-flagged vessel capsized off Japan, South Korea’s foreign ministry said on Thursday. Two South Korean nationals were among the dead, it said, adding that the Japanese coastguard had rescued an Indonesian …

Texas Contractor Faces $257K Fine After Teenager’s Death in Trench Collapse

A Houston, Texas-area contractor is facing more than a quarter million dollars in fines after a federal investigation found the company’s willful regard for required safety procedures contributed to a teenager’s death when a a 15-foot trench wall collapsed on …

Markets/Coverages: Tech Firm Gabriel Partners With Re/insurer Chaucer and Crisis Mgmt Specialist to Offer Active Assailant Product

Gabriel, an Israel-based technology company that tackles the challenge of mass shootings and workplace violence threats, announced it has partnered with global specialty re/insurance group Chaucer and crisis management specialists Merrill Herzog to provide an active assailant insurance product designed …

Ohio’s Cedar Point Amusement Park Fined $50K in Age Discrimination Suit

An Ohio will pay $50,000 to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Cedar Fair, L.P., doing business as Cedar Point, and Magnum Management Corporation, which own, operate, and …

Chicago Sues Glock Over Proliferation of Illegal Machine Guns on City Streets

CHICAGO (AP) — The city of Chicago sued Glock Inc. on Tuesday, alleging the handgun manufacturer is facilitating the proliferation of illegal machine guns that can fire as many as 1,200 rounds per minute on the streets of the city. …