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Report: California Workers’ Comp Combined Ratio Highest in 14 Years

Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California …

Business Moves: Insurtech wefox to Sell Italian Businesses to PE Firm J.C. Flowers

German Insurtech wefox has agreed to sell its Italian businesses, wefox MGA S.r.l. and wefox Services Italy S.r.l., to U.S. private equity firm J.C. Flowers & Co. Financial details of the deal were not disclosed. Founded in 2015, wefox has …

Missouri Lawsuit Filed Against Natural Gas Company Over Fatal Home Explosion

Missouri’s attorney general sued a natural gas company Monday over the explosion of a home in a small town that killed a 5-year-old boy, accusing the utility of violating a state safety law. Attorney General Andrew Bailey’s lawsuit came less …

Texas AG Secures $60M Judgment in Pollution Case

Texas Attorney General Ken Paxton last week announced a judgment of more than $60 million against David Polston and his companies, Inland Environmental and Remediation, Inland Recycling, and Boundary Ventures, for allegedly dumping pollutants in Texas waterways and lands. In …

Michigan County Settles Lawsuit Over Official Flashing Rifle During Zoom Meeting

A Michigan county has settled a lawsuit over an elected official who flashed a rifle during a COVID-19-era public meeting on Zoom. Patricia MacIntosh accused Ron Clous of trying to silence her right to free speech when he displayed the …

Texas Bill That Limits Spread of ‘Forever Chemicals’ Misses Key Deadline

A bill aimed at limiting the spread of toxic chemicals on Texas farmland has hit a political wall — missing a key deadline that decreases its likelihood of passage this session. House Bill 1674, introduced by Rep. Helen Kerwin, R-Cleburne, …

New Jersey Announces $450 Million PFAS Settlement With 3M Days Before Start of Trial

New Jersey officials announced a landmark settlement of up to $450 million with 3M Company to resolve the state’s lawsuits and address damage to the state’s water and other natural resources from dangerous chemicals. New Jersey Attorney General Matthew J. …

Georgia Grants Tax Breaks for Crop Insurance and Disaster Aid After Helene

FORSYTH, Ga. (AP) — Georgia’s governor signed a law Thursday to exempt federal crop insurance and disaster payments following Hurricane Helene damage from Georgia state income taxes, but it could be months more before some federal money starts flowing to …

Steelmaker Nucor Shuts Down Some Output After Cyberattack

Nucor Corp., the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems. The company took potentially affected systems offline and implemented other containment measures, Nucor said …

Toyota Settlement, Walmart Lawsuit Scrapped by CFPB

The U.S. Consumer Financial Protection Bureau has canceled a 2023 settlement with the financing arm of Toyota over allegations the auto giant illegally steered thousands of consumers into costly and unwanted product bundles, according to documents published by the agency. …

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