Insurance

California ranked first in strengthening policies to enable widespread use of electric cars, trucks, and buses, according to a national scorecard out on Wednesday that gives most states poor grades. The 2023 State Transportation Electrification Scorecard from the American Council …

A standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits was launched on Wednesday by a global initiative seeking to bring transparency and confidence to an unregulated market. Many companies have …

Five activist groups have sued French oil major TotalEnergies for a second time over its projects in Uganda and Tanzania in a Paris civil court, they said on Tuesday, after an earlier fast-track attempt was dismissed in February. The French …

Investors in the UK are starting to worry that the anti-ESG movement may spread from the US and get a foothold on the other side of the Atlantic. The UK Sustainable Investment and Finance Association (UKSIF), whose members oversee more …

A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in a state like California at an industry conference last week, pointing to regulatory disconnects and political issues as drivers. “I have real question …

Two Georgia laws take effect Saturday, July 1, that affect insurance for ride-share operators and, potentially, workers’ compensation claims from hospital workers. House Bill 529 lowers the minimum amount of uninsured and underinsured motorists’ coverage that ride-share companies must maintain. …

The Independent Insurance Agents of Georgia this month installed Woodstock agent Wendi Washowich as president. Washowich is a client executive at Hamby and Aloisio Risk Management and Insurance in Atlanta and has been active in the IIAG for years, the …

Travelers must pay a $2 million claim by the owner of a 92-foot-long yacht that was sunk by Hurricane Irma because Florida law does not allow insurers to deny claims based on inconsequential technicalities. A panel of the U.S. 11th …

Massachusetts car dealerships that provide customers with a courtesy vehicle to use while their car is being repaired are protected by federal law from liability should the courtesy car be in an accident, despite a state law that presumes the …

AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of New York Schools Insurance Reciprocal (NYSIR) in (Uniondale. The outlook of these …