Federal Reinsurance Backstop for Catastrophes: APCIA Says No Thanks January 16, 2024 Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private...
Morgan Stanley to Pay Under $300M to Settle Trading Probe January 16, 2024 By Sridhar Natarajan Morgan Stanley is close to an agreement to pay $200 million to $300 million to resolve a yearslong US investigation...
Helping Maui Recover from Flames and Wildfire Prevention Top Hawaii Lawmaker Agenda January 16, 2024 By Audrey McAvoy Hawaii lawmakers are due to convene this week for the first time since the burning of historic Lahaina awakened the...
Florida OIR Report Shows Indemnity Paid Was Much Higher for Litigated Claims January 16, 2024 By William Rabb Stakeholders have continued to react to a recent Florida Office of Insurance Regulation report on the property insurance market, a...
Uniqlo Sues Shein for Allegedly Copying Viral Shoulder Bag January 16, 2024 By Kanoko Matsuyama Uniqlo, part of Fast Retailing Co., sued Shein in Japan, accusing the Chinese retailer of copying its popular Round Mini...
Feds Charge EBay over Employees Who Sent Live Spiders And Roaches to Couple; Company Paying $3M January 12, 2024 By Alanna Durkin Richer Online retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by...
Boeing Sued by Alaska Air Passengers Over 737 Max 9 Door Blowout January 12, 2024 By Madlin Mekelburg Boeing Co. was sued by passengers on an Alaska Airlines Inc. flight that was forced to make an emergency landing...
Starbucks Sued by Consumer Group that Calls its Claim of Ethical Sourcing False and Misleading January 12, 2024 By Dee-Ann Durbin A consumer advocacy group filed a lawsuit against Starbucks on Wednesday, saying the company’s claim that its coffee is ethically...
Avalanche Kills 1, Injures 3 at California Ski Resort that Once Hosted Winter Olympics January 12, 2024 By Scott Sonner and Stefanie Dazio RENO, Nev. (AP) — An avalanche roared through a section of expert trails at a California ski resort near Lake...
Delaware Judge Limits Scope of Climate Change Lawsuit Against Fossil Fuel Companies January 12, 2024 By Randall Chase DOVER, Del. (AP) — A judge has rejected several claims lodged by Delaware’s attorney general in a lawsuit alleging that...