6+ day, 5+ hour ago   (259+ words) USI Insurance Services has sued three former producers, who “reneged on their contractual obligations” in a move to competitor Howden US, the brokerage alleged. According to an August lawsuit filed in U.S. District Court for the Eastern District of…...

1+ week, 3+ day ago   (157+ words) A Florida judge this week effectively dismissed a lawsuit brought by private equity firms who charged that Lighthouse Property Insurance executives misled investors about the extent of losses from Hurricane Ida in 2021. That suit, filed in New York, was partly…...

1+ week, 4+ day ago   (182+ words) Florida officials allege that a man fraudulently submitted 41 vehicle insurance applications on luxury vehicles that he never owned. He then allegedly attempted to defraud $206,000 by requesting a full refund of his auto insurance premiums that he never paid. Chief Financial…...

1+ week, 5+ day ago   (754+ words) A federal judge has agreed with the owner and manager of the Dali cargo ship responsible for the collapse of Baltimore’s Key Bridge that the bulk of the remaining claims against them for economic damage are invalid. On August 25, U.S....

2+ week, 2+ day ago   (415+ words) More than a dozen corporate executives have been recruited by New York City Mayor Zohran Mamdani to serve on a new business advisory council, as the democratic socialist leader seeks to improve his relations with a business community wary of…...

2+ week, 4+ day ago   (238+ words) A storm that grew up overnight The reckoning of 1992 The financial shock was without precedent. Andrew caused roughly $26.5 billion in economic damage and about $15.5 billion in insured losses, in 1992 dollars, making it by a wide margin the costliest natural disaster…...

2+ week, 5+ day ago   (263+ words) A former Virginia insurance agent pled guilty last week to wire fraud related to a scheme to pocket the premiums he was paid for policies he sold. According to court documents, Thomas Robert Hoyt, of Melfa, told certain clients to…...

2+ week, 6+ day ago   (239+ words) Paramount and California state officials are set to meet on Monday to discuss a potential settlement path of the state’s lawsuit aimed at stopping Paramount’s acquisition of Warner Bros. Discovery, the New York Times reported on Saturday citing sources familiar…...

3+ week, 4+ day ago   (1195+ words) There’s a flurry of construction in Pacific Palisades, more than a year and a half after a wildfire ravaged the Los Angeles enclave in the most destructive blazes in Southern California history. There’s also a lot of frustration. “It’s a…...

4+ week, 1+ day ago   (366+ words) After a years-long investigation involving state and local law enforcement teams, Florida authorities have charged seven people in a $100 million workers’ compensation payroll scheme that paid workers in cash and defrauded insurers of premiums. The defendants, some of them related,…...