What Is China’s Planned Financial Stability Law and How Will It Work? July 3, 2024 China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial...
London Defers Tallest Tower Decision Amid Neighbors’ Objections, Including Lloyd’s July 3, 2024 By Jack Sidders and Michael Hennessey The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin...
Life, Liberty, and the Pursuit of a Claims-Free Fourth of July July 3, 2024 According to the Consumer Protection Safety Commission, about 9,700 people in 2023 were treated in emergency rooms for fireworks-related injuries....
Report: Medical Costs for Workers’ Comp Rose 11% Nationally July 3, 2024 Medical costs for workers’ compensation increased nationally 11% and first-party claims grew 5% over the last four years, a new...
US P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red July 3, 2024 By Chad Hemenway For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion...
Florida Arts Groups’ Insurance Could be Affected With DeSantis Veto of Funding July 3, 2024 By Michael Schneider ORLANDO, Fla. (AP) — The Coral Gables Art Cinema will be short more than $100,000 this year. About $150,000 has...
Hub Acquires Skinner & Co. in Georgia July 3, 2024 Hub International, a global insurance brokerage, has acquired Georgia-based Skinner & Co., a brokerage offering commercial coverage, performance bonds and...
Washington Insurance Commissioner Fines Unite Health, Others $500K for Violations July 3, 2024 Washington Insurance Commissioner Mike Kreidler’s office issued more than $500,000 in fines in May and June for violations of state...
Court Finds Virginia’s Punitive Damages Cap Applies Per-Plaintiff in Charlottesville Case July 3, 2024 By Andrew G. Simpson A federal appeals court has ruled that Virginia’s $350,000 punitive damages cap applies on a per-plaintiff basis in a case...
Connecticut’s Monroe Insurance Merges With Smith Brothers July 3, 2024 Monroe Insurance Center, Inc., an independent insurance and risk management agency in Monroe, Connecticut, has merged its operations with Smith...