New Jersey officials have introduced measures to implement flood risk disclosure legislation signed into law by Gov. Phil Murphy last June. The measures include new property disclosure forms notifying buyers and tenants of a property’s known flood history and potential …
While today’s insurance agency errors and omissions (E&O) market remains mostly stable, emerging exposures, cyber risk, natural disasters and more could shape its course ahead. That’s according to experts who shared their perspectives on the market’s latest developments and outlook …
A New Jersey man has pleaded guilty to orchestrating an estimated $70 million fraud targeting no-fault automobile insurance companies in New York. U.S. Attorney Damian Williams reported that Bradley Pierre of Closter, N.J., pleaded guilty to conspiracy to commit bribery …
Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2% in the first half of 2023 after rising …
The New York workers’ compensation fund for black car drivers was within its authority to impose a 2.5% surcharge on noncash tips that passengers paid to drivers, a three-justice panel of the Second Circuit Court of Appeals unanimously ruled on …
Outgoing Louisiana Insurance Commissioner Jim Donelon said that two initiatives to address the state’s property insurance market are meeting expectations. Companies participating in the Insure Louisiana Incentive Program have collectively written more than 50,000 policies as of Nov. 30. Approximately …
A judge in Oregon rejected a U.S. Department of Justice request to dismiss a 2015 lawsuit brought by young people that alleges the federal government knew the dangers posed by carbon pollution but that it has continued through policies and …
Washington Insurance Commissioner Mike Kreidler issued several fines for insurers, agents and entities in December, including ordering Zion Health to stop selling insurance illegally in Washington, fining the company $50,000. Kreidler’s office issued an initial cease-and-desist order to Zion in …
A new lawsuit has been filed against the Federal Emergency Management Agency, alleging compensation has been delayed for victims of the largest wildfire in New Mexico’s recorded history. FEMA is responsible for doling out funds to people who suffered losses …
Alphabet Inc’s Google violated U.S. labor law by refusing to bargain with a union representing contract workers for YouTube Music, a federal agency has ruled. The National Labor Relations Board (NLRB) rejected claims by Google, which owns YouTube, that it …
