Million

Pennsylvania Blocked $227.9 Million in P/C Insurance Hikes in 2025, Says Regulator

Life Insurance /
Pennsylvania Blocked $227.9 Million in P/C Insurance Hikes in 2025, Says Regulator

The Pennsylvania Insurance Department (PID) said it saved residents $227.9 million by blocking proposed property/casualty insurance premium increases from taking effect in 2025. Through the rate review process in 2025, PID reported that its review of rate filings saved consumers from: $103.6 million in title insurance premium increases; $91 million in personal auto premium increases; […]

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I’m Retiring at 67 With $2.6 Million, Most of Which Is in a Traditional IRA. I’m Worried About RMDs and Taxes. What Should I Do?

Investment Tips /
I'm Retiring at 67 With $2.6 Million, Most of Which Is in a Traditional IRA. I'm Worried About RMDs and Taxes. What Should I Do?

Question: I’m retiring later this year at 67 with $2.6 million, most of which is in a traditional IRA. I’m worried about RMDs and taxes. What should I do? Answer: As of 2022, the last year for which there’s data available, the average 67-year-old retiree had about $609,000 in retirement savings, according to the Federal

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Greensill Bank Sues UK Government for $441 Million Over COVID Loan Guarantees

Auto Insurance /
Greensill Bank Sues UK Government for $441 Million Over COVID Loan Guarantees

Greensill Bank, a subsidiary of collapsed finance firm Greensill Capital, is suing Britain’s business department for just over 330 million pounds ($441.7 million) after it canceled guarantees for COVID-19 business loans, court documents showed. The administrators of the German-based bank sued Britain’s Department of Business and Trade (DBT) last year after the government terminated guarantees

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Food Distributor to Pay $1.1 Million Over Deadly Ammonia Release

Auto Insurance /
Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

The U.S. Environmental Protection Agency (EPA) has reached a $1.1 million civil penalty settlement with a wholesale food and snack distributor in Massachusetts. The EPA said Home Market Foods violated federal Clean Air Act (CAA) chemical safety requirements at its food processing plant in Norwood and its cold storage warehouse in Norton. The violations involved

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India Digital Insurer Acko Said to Seek Banks for $350 Million India IPO

Auto Insurance /
India Digital Insurer Acko Said to Seek Banks for $350 Million India IPO

Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter. The IPO, which may include a mix of primary shares and secondary sales by existing investors, is likely to be launched

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Company Hit With $9 Million Fine for 2023 Oil Spill off Louisiana Coast

Life Insurance /
Kazakhstan Presses on With $4 Billion Sulfur Fine on Oil Majors

Pipeline safety regulators this week assessed their largest fine ever against the company responsible for leaking 1.1 million gallons of oil into the Gulf off the coast of Louisiana in 2023. But the $9.6 million fine isn’t likely to be a major burden for Third Coast to pay. This single fine is close to the

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Duffy Pulls $160 Million From California Over Truck Licenses

Auto Insurance /
Duffy Pulls $160 Million From California Over Truck Licenses

The U.S. Department of Transportation is withholding about $160 million from California after the state delayed canceling thousands of commercial driver’s licenses that regulators say were issued illegally. Transportation Secretary Sean Duffy said Wednesday that the Federal Motor Carrier Safety Administration will pull funding after the state missed a Jan. 5 deadline to revoke 17,000

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