New York AG Letitia James announced her latest effort to regulate the crypto industry, citing that hundreds of billions of investor funds have been lost due to fraud and “opaque business practices” in the industry.
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PLM Promotes 3 Team Members in Finance, Underwriting and IT
Pennsylvania Lumbermens Mutual Insurance Company (PLM) today announced several key promotions.
Commercial Insurance Rates Steadying in 2023
In WTW’s latest Insurance Marketplace Realities (IMR) report, Spring 2023 update, most coverage lines continue to demonstrate a stabilizing market trend that began in early to mid-2022.
Home Insurance Premiums Rise as Americans Flock to Weather-Worn States
Americans are moving fastest to Florida, Texas and other states most at risk for climate-related natural disasters despite rising home insurance premiums.
Judge Orders J&J, Talc Opponents to Engage in Settlement Talks
After another round of hearings in Johnson & Johnson’s effort to use a Texas Two-Step bankruptcy strategy for talc litigation, federal bankruptcy Judge Michael Kaplan has ordered the company and those opposing the move to conduct settlement talks.
Colorado Wants to Prevent AI-Driven Discrimination in Insurance
Colorado officials want to ensure that residents’ social media habits, credit scores and other less traditional customer data cannot be used against them when shopping for insurance.
Warren Buffett’s Berkshire Hathaway Reports Solid Rise in Earnings as Geico Swings into Profitability
Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings after its auto-insurer Geico swung to profitability following some six quarters of losses
LA Commissioner Donelon Issues $2M in Fines to Law Firm for Insurance Fraud Scheme
Insurance Commissioner Jim Donelon issued fines totaling $2 million this week to Texas law firm McClenny Moseley & Associates (MMA) for engaging in unfair trade practices and insurance fraud.
IICF to Host 2023 Global Inclusion in Insurance Conference in NYC
The IICF will host its Inclusion in Insurance Global Conference from June 13 -15 at the New York Hilton Midtown.
Nation’s Biggest Car Insurers Raising Rates Again
Two of the nation’s biggest car insurers say inflation continues to hurt their auto-insurance businesses, and are pushing ahead with additional premium-rate increases for vehicle owners.