PG&E Approved by Judge for $23B Bankruptcy Financing Package March 16, 2020 Power producer PG&E Corp. said on Monday that it won bankruptcy court approval to use up to $23 billion in...
Meetings Update: Target Markets Mid-Year Called Off; RIMS Cancels Conference March 16, 2020 The Target Market Program Administrators Association has become the latest insurance organization to cancel a meeting. TMPAA Executive Director Ray...
Idaho Man to Serve Jail Time for ‘Crash And Buy’ March 16, 2020 An Idaho man was sentenced to jail over an alleged “crash and buy” auto insurance fraud scheme. Nicolas Thorne of...
Insurers Win Antitrust ‘Steering’ Lawsuits Filed by Body Shops March 16, 2020 By Jim Sams A federal appellate court threw out most of the claims by automotive body shops in Indiana, Utah and Mississippi that...
Bills to End Surprise Medical Billing Advance in Oklahoma March 16, 2020 Two pieces of legislation that would end surprise medical billing for Oklahoma residents have passed the state’s House of Representatives....
Toys ‘R’ Us Creditors’ Lawsuit Accuses Directors, Private-Equity Owners of Fraud March 16, 2020 By Lauren Coleman-Lochner Toys “R” Us Inc. creditors filed a lawsuit accusing the defunct retailer’s executives and private-equity owners of fraud and breach...
Some TDI Meetings, Events to Go Online, Some Postponed or Cancelled March 16, 2020 The Texas Department of Insurance (TDI) is postponing or creating online options for several upcoming meetings and events to help...
Tornado Death Toll Rises to 25 in Tennessee March 16, 2020 The death toll from storms that unleashed powerful tornadoes in Tennessee early this month has risen to 25, authorities said...
Arkansas’ Southern Pioneer P/C Insurance Acquired by Biglari; Ratings Unchanged March 16, 2020 AM Best said the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb”...
Alabama Senate Approves Medical Marijuana Bill March 16, 2020 By Kim Chandler A medical marijuana bill cleared its first floor vote Thursday in the Alabama Legislature as advocates hope to make headway...