EY, KPMG Benefit Most From PwC China’s Regulatory Woes August 15, 2024 By Julie Zhu and Xie Yu Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled...
AM Best Upgrades Medical Mutual Insurance Co. of Maine August 15, 2024 AM Best has upgraded the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength...
Catastrophe Bond Issuance Is Set to Blast Through 2023 Record August 15, 2024 By Gautam Naik Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change,...
Can a Streaming Service Agreement Require Arbitration in a Food Allergy Death? August 15, 2024 By Insurance Journal Staff Reports Florida property insurers considering the expanded use of binding arbitration to settle claims disputes may want to ponder a recent...
Maine Employers Face Possible Damages in Lost Wages Cases Under New Law August 15, 2024 By Patrick Whittle Maine workers will now benefit from a law that allows the state to order businesses to pay back wages as...
Report: 2.6M Homes with a Cost of $1.3 Trillion at Moderate to Very High Risk of Wildfire August 15, 2024 More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to...
Federal Officials Investigating Natural Gas Explosion in Maryland That Killed 2 August 15, 2024 By Brian Witte The National Transportation Safety Board, which has jurisdiction over pipelines, is investigating a natural gas explosion at a home in...
Wall Street Firms to Pay $470 Million to Settle With US Regulators Over Texting August 15, 2024 Another group of broker-dealer and investment advisers has agreed to pay over $470 million to U.S. regulators to settle civil...
Delaware High Court Upholds Blockbuster $267 Million Legal Fee in Dell Lawsuit August 15, 2024 By Tom Hals and Jonathan Stempel Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for shareholders of Dell...
Californians Facing Higher Rent Because of Rising Insurance Rates August 15, 2024 By Levi Sumagaysay Like single-family homeowners in California, landlords are facing higher insurance premiums, too. And they’re passing along some of those costs...