India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source February 28, 2022 India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp...
People Moves: Bakofsky at Florida OIR, Gorman at North Carolina February 28, 2022 Bakofsky Named Chief of Staff at Florida OIR Florida Insurance Commissioner David Altmaier announced that communications director Alexis Bakofsky has...
St. Johns Insurance Insolvent, to be Liquidated, Florida DFS Reports February 28, 2022 By William Rabb St. Johns Insurance Co., one of the larger property/casualty insurers based in Florida, is now insolvent and will soon be...
People Moves: Surplus Line Association of California Names Beaver Board Chair, Gobler Vice Chair, Washington Secretary February 28, 2022 The members of the Surplus Line Association of California elected Janet Beaver as chair of the SLA board. Eligible members...
New York State Ethics Commission Hit by Cyber Attack February 28, 2022 ALBANY, N.Y. (AP)— New York’s ethics commission has shut down its online filing system as authorities investigate a “deliberate malicious...
Virginia School Board to Appeal Judge’s Ruling Blocking Elite School’s Admissions Policy February 28, 2022 By Matthew Barakat A federal judge ruled Friday that a Virginia school system illegally discriminated against Asian Americans when it overhauled the admissions...
VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage February 26, 2022 By Monica Raymunt Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last...
California Commissioner Wants to Require Insurers to Factor Wildfire Safety Steps into Pricing February 25, 2022 California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of...
Lemonade Execs Expect ‘Peak Losses’ in 2022 February 25, 2022 By Susanne Sclafane With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over...
Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished February 25, 2022 By L.S. Howard The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and...