INSURANCE NEWS
Rhode Island Undertakes Phased Relaunch of Breached RIBridges Benefits Portal
The state of Rhode Island last week began a phased relaunch of the HealthyRhode customer portal associated with RIBridges system, which manages many of the state’s social service and benefit programs as well as its health insurance exchange. Officials said …
People Moves: Chubb’s Westchester Names Leaders of Three New Business Practices
Westchester, Chubb’s Excess and Surplus Lines Division, headquartered in Alpharetta, Georgia, named three leaders for its recently formed new business practices – property, casualty, and financial lines – serving the organization’s digital and middle market, brokerage and programs businesses. Matt …
Climate Change Makes Fierce Winter Storms Like Éowyn Even Stronger
Winter Storm Éowyn pummeled Ireland and the UK with hurricane-force winds on Friday, creating blackouts for hundreds of thousands and disrupting travel across northwestern Europe. Éowyn was one of the strongest storms to hit the region and likely set new …
Sweden Seizes Ship Suspected of Sabotage in Baltic Sea
Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months. The Security Service said it’s conducting a preliminary investigation into the crime …
Auditors Get Tougher Guidelines on Judging Firms’ Environmental Claims
International auditors have been given new guidance on what to check when assessing firms’ environmental, social and governance claims – and how – as part of efforts to increase rigor and consistency, the chair of the industry’s global ethics watchdog …
Trump Administration Halts Environmental Litigation, Sidelines Lawyers: Sources
U.S. President Donald Trump’s administration has halted all pending environmental litigation and reassigned four career Justice Department attorneys focused on environmental issues, according to three sources familiar with the matter and a pair of memos seen by Reuters on Friday. …
FTC Has Bipartisan Support for Merger Cases, Outgoing Chief Says
The US Federal Trade Commission is likely to have bipartisan support to keep filing cases to block anticompetitive mergers under the Trump administration, said Henry Liu, the outgoing director of the agency’s Bureau of Competition. Liu, who led the agency’s …
Two Workers Injured in Explosion at Cannabis Facility
Two workers were injured in an explosion and fire at a cannabis extraction facility on Maryland’s Eastern Shore last Wednesday, state fire officials said. Firefighters were called to PharmaCann in Stevensville for a report of an explosion, according to the …
PayPal Pays $2 Million Cybersecurity Settlement to New York Regulator
PayPal, Inc. will pay a $2 million penalty to New York State for violations of the state’s financial services industry cybersecurity regulation. The failures on December 2022 led to sensitive customer information, including social security numbers, being left unredacted and …
Sky Zone in Washington Fined for Overworking Teens
The owner of a Tukwila, Washington, trampoline park faces more than $68,000 in fines for not giving teen employees meal breaks, and for working them longer hours than allowed under law. The Washington State Department of Labor & Industries investigated …
LA Wildfires by The Numbers: Insured Losses, Total Losses, Ratings, Rates
The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses damages, credit ratings—and lately worrying outlooks for the effect of the fires on insurance rates. …
Fitch Revises Mercury’s Outlook to Negative on More Possible LA Fire-Size Cats; Affirms Ratings
Fitch Ratings said in an outlook revision that it expects Mercury General Corp.’s credit profile will withstand the impact of the Eaton and Palisades fires near Los Angeles, but the agency also gave a negative outlook that reflects “the potential …