Third Compliance Date Approaching for New York Cybersecurity Regulation August 20, 2018 The third transitional period for New York’s first-in-the-nation cybersecurity regulation for all Department of Financial Services (DFS) regulated entities ends...
Construction Company Indicted for Wage Theft, Insurance Fraud in New York August 20, 2018 CRV Precast Construction LLC (CRV) and six of its employees have been indicted for misclassifying workers as lesser-skilled, underpaying them...
First Driverless Shuttle Demonstration Held in NYC by COAST Autonomous August 20, 2018 New York City’s first driverless shuttle has arrived. In Times Square, a self-driving P-1 shuttle from COAST Autonomous was demonstrated...
Texas Petrochemical Contractor to Pay $135K in Disability Discrimination Suit Settlement August 6, 2018 A Texas petrochemical services company that fired three brothers because of a blood disorder that they shared will pay $135,000...
Michigan State Sues Insurers Over Nassar Victims’ Sex Assault Claims Coverage August 6, 2018 Michigan State University has filed suit against 13 insurance carriers over coverage of sexual assault claims by victims of now-imprisoned...
Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year August 6, 2018 May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping...
Kansas Commissioner Sues Over Governor’s $8M Fund Grab August 6, 2018 The Kansas insurance commissioner seeking the Republican gubernatorial nomination is trying to prevent Gov. Jeff Colyer from taking $8 million...
ReliaMax Dropped from Texas’ Eligible Surplus Lines List August 6, 2018 Following its placement into liquidation by the South Dakota Division of Insurance in late June, the Texas Department of Insurance...
South Dakota Moves to Liquidate Surety Insurer ReliaMax August 6, 2018 ReliaMax Surety Co. has been placed into liquidation by the South Dakota Division of Insurance. The South Dakota DOI petitioned...
Frontline Insurance Secures First Cat Bond of $350M for Southeast Storms August 6, 2018 Swiss Re Capital Markets has structured and placed the issuance of $350 million of insurance-linked securities by Frontline Re Ltd....