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California Commissioner Orders 1-Year Moratorium for Residents Affected by Boyles Fire
California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake County. The commissioner’s order shields those living within the …
POSTED OCTOBER 04, 2024 8:28 PM |
Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group
Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval. The acquisition of Circles, Optio’s largest in Europe to date, represents a strategically critical development …
POSTED OCTOBER 04, 2024 4:41 PM |
AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICR of “b+” (Marginal) of Farmers Mutual Insurance Company …
POSTED OCTOBER 04, 2024 4:27 PM |
Tesla Recalls Over 27,000 Cybertrucks in Fifth Callback This Year
Tesla said on Thursday it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks. This is the fifth recall issued by Tesla for 2024 …
POSTED OCTOBER 04, 2024 4:25 PM |
Texas AG Sues TikTok For Violating State’s New Social Media Law
Texas Attorney General Ken Paxton sued TikTok on Thursday for sharing and selling minors’ personal information, violating a new state law that seeks to protect children who are active on social media, accusations that the company denied hours later. The …
POSTED OCTOBER 04, 2024 4:24 PM |
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