Insurance
PG&E to Face Manslaughter Trial Over Deadly California Fire
Pacific Gas & Electric will face trial for manslaughter over its role in a 2020 wildfire in Northern California that killed four people, a judge ruled Wednesday. The judge in Shasta County ruled after a preliminary hearing that there was …
Read More Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close
A lawyer for Tesla Inc. shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding to take his electric car company private is expected to make closing arguments to a San Francisco jury on Friday. …
Read More Ethics Panel Recommends Georgia Appeals Court Judge Be Removed From Office
Georgia’s Supreme Court should permanently remove a state appeals court judge accused of ethical misconduct, a judicial discipline panel recommended in a report released Monday. The three-member state panel said Christian Coomer flouted ethics rules on how a lawyer should …
Read More North Carolina Rate Bureau Files for 28% Increase in Auto Insurance Rates
The North Carolina Rate Bureau is asking for a 28% increase in auto insurance rates for the state, an increase that will likely be slashed significantly by the state Department of Insurance. The average statewide increase for private passenger auto …
Read More Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend
Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021, …
Read More Judge Allows New Jersey Town’s Suit to Recover $21M Spent on Beach Restoration
A New Jersey beach town that defied state environmental authorities and fixed its dunes that were seriously eroded by a storm can proceed with a lawsuit seeking to recover $21 million it spent bulking up its shoreline, but cannot build …
Read More Mississippi Pet Insurance Bill Fur Real This Time, Senators Say
More Mississippi dogs, cats, reptiles and birds may soon be insured against costly medical bills thanks to legislation that passed in the state Senate Wednesday. Senate Bill 2228, by Sen. Walter Michel, a Republican from Ridgeland, would create “a comprehensive …
Read More Kentucky Tornado Relief Payments Come Under Scrutiny
Some people unaffected by tornadoes that ravaged Kentucky in late 2021 were mistakenly sent payments from a relief fund funneling private donations into the region, the state treasurer’s office said Wednesday. State Treasurer Allison Ball’s office said it canceled payment …
Read More Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200
Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. The deal was first announced in September 2022. Westfield said this strategic acquisition establishes the company as a global …
Read More Ransomware Attack Closes Nantucket Schools
Public schools on the Massachusetts island of Nantucket remained closed on Wednesday a day after a ransomware attack targeted the district’s computer system and prompted officials to send students home early. “Together with outside data security experts, our Information Technology …
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