Insurance
New York Employers Must Offer Paid Medical Leave During Pregnancy
Pregnant New Yorkers will be entitled to at least 20 hours of paid leave to attend prenatal medical appointments under a law that took effect Wednesday. Gov. Kathy Hochul said the policy makes New York the first state in the …
Read More Ghosts of Grenfell Disaster: No Penalties for UK Firms That Used Flammable Cladding
When the deadly Grenfell Tower blaze in 2017 led to revelations that high-rise public housing buildings across Britain were wrapped in flammable cladding, the government vowed the building contractors responsible would pay for their negligence. Seven years on, contractors who …
Read More One in Four UK Firms Cut Jobs After Reeves Budget, PMI Shows
Almost one in four British businesses cut jobs in December amid widespread pessimism over the squeeze on their finances from Labour’s tax-raising budget. S&P Global’s purchasing managers’ index confirmed that the private sector stagnated at the end of 2024 with …
Read More The Wartime Risk Insurers Making Fortunes Keeping Trade Moving
Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most dangerous waters. As conflicts rage in the Middle East …
Read More US Sanctions Chinese Cyber Firm Linked to Botnet Attack
The US Treasury Department sanctioned Chinese cybersecurity firm Integrity Technology Group for its alleged role in a state-sponsored botnet attack known as Flax Typhoon. Integrity Technology, which is traded on the Shanghai Stock Exchange, was involved in “multiple computer intrusion …
Read More Boeing, DOJ Tell US Judge They Have Not Reached Agreement on Revised Plea Deal
The U.S. Justice Department and Boeing told a court on Friday they have not reached agreement on a revised plea deal after a U.S. judge in December rejected the deal, faulting a diversity and inclusion provision. Boeing and the government …
Read More Strate Insurance in Tennessee Merges with Main Street Insurance Group
Strate Insurance Group, a personal lines agency with offices in five Tennessee cities, is merging with Main Street Insurance Group, a 127-year-old agency with locales in North Carolina. Strate officers said in a news release that the merged firm will …
Read More State High Court Nixes Policy Cancellation Over ‘Ambiguous’ Communications
An insurer failed to properly cancel a workers’ compensation policy because its multiple notices and other conduct were not “definite, certain, and unambiguous” as to the status of the coverage. As a result, Ace America Insurance Co. is obligated to …
Read More Colorado Governor Wants to Privatize State’s Workers’ Comp Carrier
Colorado Gov. Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. The big idea is that pulling up …
Read More Campbell Named Acting Director of Missouri Department of Commerce and Insurance
Governor Mike Parson announced that Mick Campbell will take over as the Acting Director of the Department of Commerce and Insurance (DCI) effective January 1, 2025. Campbell currently serves as the Commissioner of Finance for DCI. “We have announced that …
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