News
Improved Auto Insurance Results Coming—But Not Soon Enough: S&P GMI
Strong rate hikes fueling nearly a 16 percent in direct written premiums for U.S. private passenger auto insurers will bring the industry combined ratio down from a "worst-in-decades" result for ...
SEC Clamping Down on Compliance Breaches Via WhatsApp, Zoom
With text messages and emails under tightened surveillance, financial firms may now have to screen staff video calls for possible rule-breaking, amid concern regulators are poised to scrutinize such ...
‘Strong’ Commercial Hikes to Continue; Cats, Asbestos Dent Travelers Earnings
Commercial insurance was a bright spot on the third-quarter earnings picture for The Travelers Companies, with strong pricing fueling a record top line and a "best-ever" underlying combined ratio in ...
‘Risky in California’ Spurs Push for Home Insurance Overhaul
California is prioritizing home insurance availability as it rewrites market rules to coax back insurers and ease a coverage crunch in a state ravaged by wildfires, said Insurance Commissioner ...
Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s
A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according ...
California Family Pleads Guilty in $38M Nationwide Catalytic Converter Theft Ring
A guilty plea was entered yesterday by three Sacramento, California family members relating to charges that they participated in a nationwide catalytic converter theft conspiracy, according to U.S. ...
California Regulators Oppose PG&E Plan to Bury Power Lines to Reduce Wildfire Risk
Pacific Gas & Electric—one of the nation's largest utilities whose equipment has sparked some of California's deadliest wildfires—wants to bury power lines in some of its most at-risk areas ...
N.J. High Court to Hear E-Scooter Rider’s Bid for No-Fault Auto Benefits
David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) ...