A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will be owned …
A workers’ compensation insurer is entitled to continue to receive reimbursements from the Massachusetts second injury fund even after it stops writing business in the state, the state’s high court has ruled in an opinion reversing itself on the issue. …
Heffernan Insurance Brokers acquired Costello Insurance Associates in Tempe, Arizona. Pat Costello and his team of five employees will continue to service their new and existing customers Costello services clients throughout the U.S. in obtaining coverage for corporate and pleasure …
California Insurance Commissioner Ricardo Lara today ordered insurers to preserve residential property insurance coverage for roughly 46,000 policyholders affected by the Thompson Fire in Butte County. The move follows an emergency declaration over the fire from Gov. Gavin Newsom on …
Fifth Third Bank agreed this week to pay a $5 million fine for illegally forcing vehicle insurance onto borrowers who had coverage. Fifth Third also agreed to pay a $15 million fine for illegal sales practices. The Cincinnati, Ohio-based bank …
Honeywell did not violate workplace anti-discrimination laws by firing a white engineer who refused to participate in mandatory diversity, equity and inclusion training after the Black Lives Matter movement began, a U.S. appeals court ruled on Wednesday. The 7th U.S. …
Brandon Rice joined Alliant Insurance Services, based in Irvine, California, as a vice president for its employee benefits group. Rice is based in Dallas. He most recently served as vice president at Lockton Companies, where he worked for over 18 …
U.S. bank regulators fined Citigroup $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough resources toward those efforts. The joint enforcement action from the Federal Reserve …
North Carolina authorities have charged one woman and are on the lookout for another in connection with a scheme to defraud a State Farm insurance company of more than $195,000. India Ayesha Wilkerson, 25, of Greensboro, was charged with insurance …
Days after Hurricane Beryl crashed through the city, Houston is still grappling with the aftershocks. Large swaths of America’s fourth-largest city are still without power, shutting stores and snarling traffic at non-functioning lights. Gas stations are either closed or swamped …
