Maui County filed a lawsuit Thursday against utility company Hawaiian Electric, alleging that its power lines caused recent wildfires on the island—including one that destroyed the town of Lahaina and killed at least 115 people.
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FedEx Allegedly Violated Illinois Genetic Privacy Law
FedEx is accused of violating an Illinois genetic information privacy law by allegedly improperly requiring workers to disclose their family medical history.
Global Reinsurers: Mid-Year 2023 Results
The 18 non-life reinsurers monitored by Fitch Ratings posted solid underwriting profits in 1H23 with an aggregate reinsurance combined ratio of 88%. This included moderate losses of 6.7pp from catastrophes.
Insurers Face Challenges from Supply Chains, Inflation, Surging Demand for Materials Following Maui Wildfires
Following the deadly wildfires on the Hawaiian island of Maui, insurance carriers will face myriad challenges including supply chain complexities and demand surge for fire-resistant materials, according to industry observers.
The Growing Disconnect Between Remote Workers and Companies
People who work from home are feeling more disconnected from the larger mission of their employers.
Florida Office of Insurance Regulation Approves Two New Property and Casualty Insurers
The Florida Office of Insurance Regulation (OIR) has approved Orion180 Select Insurance Company and Orion180 Insurance Company to form as property and casualty insurers in Florida.
After $1.7B Opioid Settlement, Mallinckrodt Readies 2nd Bankruptcy Bid
After floating the idea earlier this month, Mallinckrodt has formally declared its intention to kick off another round of bankruptcy proceedings in the coming days.
Moody’s RMS Estimates $4-6 Billion in Economic Losses from Hawaii Wildfires
Moody’s RMS®, the leading global catastrophe risk modeling and solutions company, estimates $4 to 6 billion in economic losses from the recent Lahaina conflagration and Kula wildfires in Hawaii.
U.S. High Tide Flooding Continues to Break Records
Coastal communities in eight locations along the East and West coasts experienced record high tide flooding last year — a trend that is expected to continue in 2024.
Missouri-Based A.I.G Agency and Insurance Giant AIG Trademark Jury Trial Set for January 2024
Two insurance-related companies claim the name “AIG.” A.I.G Agency is a family-owned insurance broker in Missouri, and claims to have begun calling itself “AIG” around 1958.