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Washington Insurance Commissioner Fines Company $100K for Operating Illegally

Washington Insurance Commissioner Mike Kreidler fined First Premier Home Warranty Corp. $100,000 and ordered the New York-based home warranty company to stop conducting insurance business in Washington. The cease-and-desist order notes that First Premier submitted a service contract provider application …

Medical Marijuana Law Does Not Impair Employers’ Right to Drug-Free Workplace

A Connecticut employer has the right to terminate an employee who is impaired by medical marijuana in the workplace. The Connecticut Appellate Court on March 19 upheld the dismissal of a lawsuit brought against a nonprofit pre-school by a teaching …

A Bridge Too Small: Historic Covered Bridges Threatened by Trucks With GPS for Cars

One of Vermont’s historic covered bridges has fallen under threat from modern technology. Box truck drivers relying on GPS continually crash through Lyndon’s 140-year-old Miller’s Run bridge despite signs, including a flashing one, to deter vehicles that are too tall …

Chevron to Pay Over $13M in Settlement for California Oil Spills

Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regulations. Chevron, which has …

Texas Cities Rethink Minimum Parking Rules

In car-dependent Texas, most cities have rules on how many parking spots must be built anywhere people live, play or do business. But those requirements have come under scrutiny in recent years, with critics saying they do more harm than …

New Georgia Regs Would End ‘Half Credits’ for Some Insurance License Courses

The Georgia insurance commissioner’s office will hold a hearing April 15 on proposed changes to continuing education regulations for insurance agents. The new rules would bring Georgia in line with industry best practices and would end the practice of giving …

CyberSaint Raises $21M for Automating, Quantifying Cyber Risk Management

Boston-based cyber risk management firm CyberSaint reports it has raised $21 million in Series A funding led by Riverside Acceleration Capital. Additional participating investors include Sage Hill Investors, Audeo Capital, and BlueIO. CyberSaint’s CyberStrong platform deploys artificial intelligence to allow …

FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny

Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday. The FDIC’s board of directors is poised to …

Indiana, West Virginia Pass New Restrictions on Third-Party Litigation Financing

Efforts to rein in third-party litigation financing are on their way to becoming law in Indiana and West Virginia, a scorecard that is less than what business and insurance interests had hoped for this spring. In Indiana, Gov. Eric Holcomb …

Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey

In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern for chief risk officers. CROs surveyed said the top five risk types or risk management types for the coming year …

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