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California will not backfill a $7,500 federal tax credit for buyers of electric vehicles that is set to expire this month, Gov. Gavin Newsom said on Friday, reversing an earlier pledge to restart the state’s own EV subsidies. “We can’t …

California Insurance Commissioner Ricardo Lara on Friday announced he wants to make certain reforms to the state’s insurance law, Proposition 103, including changing the controversial intervenor process. Prop. 103, passed by voters in 1988, is the state’s bedrock insurance law …

IMA Financial Group, a North American insurance brokerage firm specializing in risk management, wholesale brokerage, and wealth management, has announced two key leadership appointments in its Houston office to support the company’s commitment to the region and its growing client …

A trial court said the insurance policy was ambiguous, allowing a commercial umbrella policy to supplement coverage in the deaths of five people killed by a drunken driver in 2019. But the Kentucky Supreme Court this week found that the …

A Texas Department of Insurance (TDI) investigation led to prison time for a former insurance agent who overcharged almost $300,000 in insurance premiums. Carlyle Poindexter pleaded guilty to conspiracy to commit wire fraud in August and was sentenced to five …

The National Highway Traffic Safety Administration said Friday that it will delay implementation of updates to the U.S. government’s New Car Assessment Program finalized in December after a request by automakers. The agency last year said it was adding blind …

Workers’ compensation specialist The MEMIC Group, led by parent company Maine Employers’ Mutual Insurance Company, has entered into an agreement to acquire The Dakota Group, including Risk Administration Services, Inc. and its four affiliated insurance services companies. The combining of …

WalkerHughes Insurance announce the addition of Brady Benefits, a Fort Wayne-based Employee Benefits brokerage, to its growing Midwest platform. Brady Benefits, led by respected industry veteran Matt Brady, specializes in group health and ancillary benefits. The firm brings a strong …

Investors and banks are likely to help set any new timeline for public company reporting as regulators press ahead on President Donald Trump’s bid to end quarterly reports, U.S. Securities and Exchange Commission Chairman Paul Atkins told CNBC on Friday. …

A beachfront stilt home along the Outer Banks in North Carolina has collapsed into the surf, bringing the total number of houses claimed by the Atlantic Ocean to 12 in the past five years. The two-story, wood-shingled home in Buxton, …

Is Steamboat Willie “For the people?” That’s a question that one of the largest personal injury law firms in the United States is asking a federal court in central Florida to decide. The law firm Morgan & Morgan, known for …

Most businesses are failing to invest in needed climate adaptation as other business priorities and resources take precedence over climate initiatives, according to a survey published by Marsh, the insurance broker and business of Marsh McLennan. While 75% of organizations …

Tropical Storm Gabrielle formed Wednesday in the Atlantic Ocean but was far from land, forecasters said. The center of Gabrielle re-formed from its morning position and was located about 990 miles (1,600 kilometers) east of the Northern Leeward Islands, the …

HDI Global Insurance Company (HGIC), the U.S. carrier of international Corporate & Specialty insurer HDI Global (HDI), headquartered in Chicago, Illinois, appointed Bruce Griffin as head of casualty. Griffin is based out of HGIC’s Chicago headquarters. Griffin, who previously served …

Southern California Edison has reached a settlement agreement with several intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events. Out of the $2 billion, about $1.6 …

The European Union proposed a complete ban on imports of Russian liquefied natural gas from Jan. 1, 2027, as part of its latest measures to curb President Vladimir Putin’s ability to wage Moscow’s war against Ukraine. The EU also proposed …

Many commercial auto insurers are in a holding pattern, waiting to see how some states’ litigation reforms are enacted and enforced. However, there seems to be some positive signs for buyers. Insurance Journal’s Andrea Wells spoke to Jennifer Nuest, transportation …

Transportation company Lyft has paid the state of New Jersey $19.4 million to settle a case involving misclassification of more than 100,000 drivers as independent contractors. According to the New Jersey Department of Labor and Workforce Development (NJDOL), an audit …

British insurance companies are paying £200 million ($270 million) to compensate motorists whose claims were underpaid, the Financial Conduct Authority said on Friday. Insurers including Direct Line Insurance Group Plc and Admiral Group Plc are getting in touch with about …

Hong Kong is facing a period of heavy rain and strong winds as two storms brew in warm tropical waters, with one system forecast to intensify into a super typhoon next week. A tropical depression is currently spinning in the …