Insurance industry groups say they are working to ensure Colorado’s new FAIR plan will avoid the pitfalls of other states and truly provide last-resort policies for consumers who cannot find coverage on the private market.
Author: Annie George
Illinois Google Users to Receive About $95 Each As Part of Privacy Lawsuit Settlement
Illinois residents who filed a claim to receive a portion of a $100 million settlement that Google agreed to last year in a biometric data privacy class-action lawsuit will get around $95 each.
SEC Charges Crypto Platform Coinbase, One Day after Suing Binance
The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency exchange of operating illegally because it failed to first registered with the regulator.
Allstate Stops Accepting New Property Insurance Applications in California
Almost a week after State Farm, California’s largest property insurer, announced that the company would stop accepting insurance applications for all business and personal property in California, Allstate is making headlines for a similar decision.
Chemours, DuPont, Corteva Settle PFAS Litigation for $1.185 Billion
Three companies with ties to former chemical maker DuPont agreed to pay $1.185 billion in the first major settlement in a landmark environmental battle in which hundreds of communities claim that “forever chemicals” in firefighting foam contaminated drinking water.
Amid Settlement Talks, U.S. Judge Allows 3M, Florida City to Delay ‘Forever Chemicals’ Trial
A trial in which Florida’s Stuart city sued industrial conglomerate 3M Co over water contamination from toxic “forever chemicals” was postponed by a U.S. judge on Monday, according to a court filing.
Higher Interest Rates Also Impacting How Insurance Market Handles Climate Risk
Climate change is one of the causes of California’s insurance problems, but it should share the spotlight with interest rates these days.
SEC Dismisses Dozens of Enforcement Cases Amid Internal Data Mishap
The Securities and Exchange Commission has dismissed 42 pending enforcement cases after discovering that enforcement personnel had improper access to materials intended for commission officials ruling on those cases.
10 States, Local Governments Sue FEMA Over Higher Flood Insurance Rates
Ten states and dozens of municipalities are suing the Biden administration over rate hikes in the National Flood Insurance Program. That program offers coverage in high-risk flood areas and is administered by FEMA.
NHTSA Failed to Complete Defect Probes in Timely Manner, Government Audit Finds
The nation’s top auto-safety regulator is failing to meet its own targets for completing investigations into defects that could put drivers at risk, a government audit found.