INSURANCE NEWS
Moody’s Says LA Fire May Pose Risk to Southern California Edison
The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s Ratings said in a report on Thursday. …
Insurance Council of Provides Expert Tips for Winter Weather
With freezing temperatures projected to hit Texas in the coming days, the Insurance Council of Texas is offering instruction on how residents can prepare for and handle winter weather, ensuring their homes and vehicles are ready. Key issues affecting Texans …
People Moves: Bigglestone Named Acting Commissioner in Vermont; Protecdiv Welcomes Skowronski; DellaTorre Joins Alliant
Bigglestone Appointed Acting Commissioner of Vermont Department of Financial Regulation Vermont Governor Phil Scott named Sandy Bigglestone as acting commissioner of the state’s Department of Financial Regulation (DFR). Bigglestone most recently served as deputy commissioner of the captive insurance division. …
Holmes Murphy Expands In Des Moines With Second Location
Holmes Murphy announced its expansion into a second location in the Des Moines metro area. The company officially signed a lease for space in the Arcadia building located at 7000 Vista Drive in West Des Moines. The Arcadia building is …
Minnesota Staffing Firm to Pay $300K for Discriminatory Hiring Practices
TKO Construction Services, a Minnesota-based staffing company that provides temporary employees for commercial, residential, restoration, heavy industrial and energy construction companies, will pay $300,000 and provide other equitable relief to settle a discrimination lawsuit filed by the U.S. Equal Employment …
Extreme Cold From NY to Texas Threatens to Topple Records
A blast of extreme cold is poised to descend on the central US this weekend before spreading to New York and the rest of the East Coast, testing power grids and threatening to break temperature records. Frigid conditions will sweep …
Michigan Little Caesars Franchisee to Pay $26K in Child Labor Violations
A Farmington Hills, Michigan Little Caesars restaurant employed minors in violation of federal child labor regulations by assigning them to operating dangerous equipment such as dough mixers and ovens and allowing three 15-year-olds to work past 7 p.m. on school …
White House Aims to Bolster Cybersecurity With Last-Minute Order
President Joe Biden on Thursday is set to issue an executive order aimed at strengthening the federal government’s cybersecurity and offering it more tools to punish digital attackers. The order in the final days of the Biden administration is meant …
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. While cash is limited and reinsurance has a deductible that …
A Los Angeles Actuary on Lessons From the Palisades Fire
I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state. Among the most devastating, the Palisades Fire consumed thousands of acres, leaving a wake of …
DOJ Reports $2.9B Recovered in False Claims Act Litigation
Litigation under the False Claims Act generated more than $2.9 billion in settlement and judgments the last fiscal year, according to the U.S. Department of Justice. According to data released Jan. 15, the Justice Department’s Civil Division said the government …
New West Virginia Governor Axes DEI and Enacts Vaccine Exemptions on Day One
CHARLESTON, W.Va. (AP) — Republican Gov. Patrick Morrisey issued a slew of aggressive executive orders on his first full day as West Virginia’s chief executive Tuesday, including one enabling families to receive religious exemptions from required school vaccinations — a …