Update: Lessor AerCap Settles Claim of $645M for Aeroflot Jets Stranded in Russia September 6, 2023 By Conor Humphries The world’s largest aircraft lessor has agreed to settle an insurance claim over Russia’s refusal to return 17 jets leased...
Global Watchdog Warns Over ‘Very High Leverage’ in Hedge Funds September 6, 2023 By Huw Jones Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board...
UK Parliament Calls in Surveyors to Test for Dangerous Concrete September 6, 2023 By Alex Wickham Tests are being carried out to determine whether the UK Houses of Parliament contain the form of crumbling concrete that...
NC Appeals Court: Trial Needed After Agent Failed to Disclose Pond on Property September 6, 2023 By William Rabb A North Carolina insurance agent will have to return to court to determine if he or the client acted negligently...
New Juice in Florida Market: Orange Insurance Exchange Approved by OIR September 6, 2023 By William Rabb Just days after another hurricane smashed through part of Florida, another property and casualty insurer has been approved for the...
Vermont Tightens Rules for Out-of-State Car Registrations September 6, 2023 Vermont is implementing new requirements for vehicle registrations using out-of-state addresses. In years past Vermont was happy to register non-residents’...
Verizon Pays $4M to Settle Federal Cybersecurity Claims But Admits No Liability September 6, 2023 Verizon Business Network Services of Ashburn, Virginia, has agreed to pay $4,091,317 to resolve False Claims Act allegations that it...
People Moves: California Commissioner Makes Appointments to Curriculum Board, CAARP and COIN September 6, 2023 California Insurance Commissioner Ricardo Lara named new members Colbie McRae, Gloria Mitchell, and Vinh Truong to the Curriculum Board; Michael...
Long Island Couple Dies After Their Boat Crashes With Larger Vessel September 6, 2023 A Long Island couple was killed after their boat collided with a larger vessel and capsized, police said Monday. Louis...
Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction September 5, 2023 The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges...