Ambac Assurance sued over alleged unauthorized transfer to parent company

Move enhances presence in construction, environmental and manufacturing Source link

Trump’s PFAS rule rollback – who is impacted? The withdrawal does not impact consumer product lawsuits, which have become another front in the PFAS legal war. Companies accused of misleading labeling, such as advertising products as “organic” when they contain PFAS, are still facing legal scrutiny. The regulatory rollback doesn’t offer them any protection; it’s…

The proposal, introduced by the Department of Banking and Insurance, calls for the adoption of the NAIC Term and Universal Life Insurance Reserve Financing Model Regulation #787, known within the industry as the XXX/AXXX Model Regulation. The move would bring uniformity and greater transparency to reserve financing, an area that has historically presented regulatory challenges. Source link

Clean energy and the net-zero transition The transition to renewable energy sources – such as solar, wind, hydro, and geothermal – is fundamental to achieving net-zero emissions. This shift involves transforming energy production, distribution, storage, and consumption patterns. Source link

Steadfast Group, Australasia’s largest brokerage network, with a presence in the US, has expanded its client trading platform in New Zealand to include personal lines. A media release today said Ando Insurance Group (Ando) is the first insurer partner and is offering home, contents and car insurance. Source link

Mubadala, the Abu Dhabi-based sovereign investment fund, and Hg Capital, an existing Howden shareholder, are expected to contribute around $2 billion (£1.5bn) each in equity. The new investment would value Howden at approximately $20 billion, implying a combined valuation of around $30 billion for the group. Source link