Insurance
Takeaways from Our Conversation About Why Most Small-to Mid-Size Cannabis Operators Shun D&O
Directors and officers insurance has been pricey and tough to obtain for cannabis companies since the industry started requiring coverage. D&O is difficult in most business sectors (For more on that check out: “You’ve Heard it Before, so Here it …
Read More Judge Finds Washington Commissioner Exceeded Authority on Credit Score Ban
Thurston County Superior Court Judge Indu Thomas found that while Washington Insurance Commissioner Mike Kreidler’s rule temporarily banning credit scoring followed the Administrative Procedures Act, but he exceeded his statutory authority. In her ruling, Thomas said the record supplied by …
Read More New Sustainability Rules Attacked for Protecting Profits Over Planet
The organization aiming to set worldwide climate reporting requirements for decades to come is under fire for putting corporate interests ahead of the planet’s. In coming months, the International Sustainability Standards Board will publish rules for companies to disclose the …
Read More Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial
Twitter’s bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a five-day trial beginning Oct. 17, and Musk must reveal by the end of Friday any legal claims he has against …
Read More Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments
Investigators from the Office of Insurance Fraud and Enforcement at the Louisiana Department of Insurance on July 22 issued non-resident public adjuster Kade Austen Mitchell and his agency a cease-and-desist order and notice of suspension for improperly withholding, misappropriating, or …
Read More People Moves: Hilb Namef CEO at Choice Financial; Crum & Forster Appoints Kovalsky to Credit Team; Cross Insurance Welcomes Randlett as Counsel
Hilb Group Founder Takes Helm at Choice Financial Virginia insurance agency Choice Financial Group has appointed insurance veteran Robert J. Hilb as chief executive officer following the retirement of J. Richard Braun, founder and president of Choice. Prior to his …
Read More Pipeline Company to Pay Nearly $1M for California Oil Spill
The owner of an underwater oil pipeline that spilled some 25,000 gallons of crude into the ocean off Southern California last year will pay nearly $1 million in cleanup costs. The Orange County Board of Supervisors on Tuesday agreed to …
Read More People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire
AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market AXA XL has promoted Christopher Lee to lead its excess & surplus property insurance business. Based in New York, he reports to Michele Sansone, …
Read More Howden Begins French Expansion With Acquisition of C.R.F. Conseils
Howden, the London-based international insurance broker, announced it had agreed to acquire C.R.F. Conseils (CRF), an independent broker that specializes in financial lines. Financial details of the deal were not disclosed. This is Howden’s first acquisition in France since appointing …
Read More New York Attorney Sentenced in Multi-Million Dollar Litigation Financing Scheme
A disbarred New York lawyer was sentenced yesterday to 36 months in prison for defrauding investors in his now bankrupt litigation finance firm called Cash4Cases. According to the U.S. Attorney for the Southern District of New York, Jaeson Birnbaum previously …
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