SACRAMENTO, Calif. — Nigerian nationals Quazeem Owolabi Adeyinka, 22, and Ayodeji Jonathan Sangode, 25, currently both residing in Maryland, were sentenced today to 26 months and 14 months in prison…
(Reuters) -Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people…
NEWARK, DE – On September 30, Newark police pulled over a vehicle after witnessing it performing donuts in the parking lot of the 896 Shops on South College Avenue. The…
MORRIS COUNTY, NJ – The Morris County Prosecutor’s Office has announced the arrest of Christopher Angst, 48, of Long Valley, and Michael McFadden, 54, of New Milford, on charges related…
(Reuters) – USI Insurance Services said on Monday that existing shareholder KKR plans to make a new equity investment of more than $1 billion to become the largest stakeholder. Private…
(Reuters) -Hamilton Insurance Group said on Thursday it has confidentially filed for a U.S. initial public offering, at a time when there is growing momentum for deals involving insurance and…
By Matt Tracy (Reuters) – Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate (CRE), particularly owners of apartments and other multifamily properties already grappling with…
‘It Is A Risky Proposition’: Homeowners Are Skipping Out On Insurance As Premiums Skyrocket Will Kessler on August 28, 2023 Some Americans are choosing to go without home insurance as…
(Reuters) – U.S. insurance broker Marsh, a unit of Marsh & McLennan, said on Sunday that it would acquire Australia’s Honan Insurance Group, it said in a statement on Sunday.…
(Reuters) -Australia’s Suncorp Group on Wednesday posted a sharp jump in full-year cash earnings and said it expects an improvement in margins in the medium term from higher renewal premium…
By Kanishka Singh WASHINGTON (Reuters) – The U.S. House of Representatives Oversight Committee said on Tuesday it has opened a probe into the Federal Trade Commission’s (FTC) regulation of vision…
BERLIN (Reuters) – A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in…
By Carolina Pulice and Kylie Madry MEXICO CITY (Reuters) – Mexico’s Grupo Financiero Banorte reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million)…
LONDON (Reuters) – More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion in costs for 400 jets stuck in…
(Reuters) -U.S. President Joe Biden’s administration on Friday is expected to propose a new regulation cracking down on short-term health insurance plans, Politico reported, citing five Democrats with knowledge of…
‘Best Impeachment Insurance’: DeSantis Says Biden Picked Harris As VP Because ‘No One Wants Kamala’ Harold Hutchison on June 22, 2023 Republican Gov. Ron DeSantis of Florida said Thursday that…
(Reuters) – Insurance broker Acrisure has begun interviewing banks for an initial public offering next year which could fetch it a valuation of over $20 billion, a source familiar with…
Here’s Why Insurance Titans Are Suddenly Fleeing California Jake Smith on June 13, 2023 California’s insurance regulator has blamed the decision of two insurance titans to no longer offer home…
NEW YORK, NY – Manhattan District Attorney Alvin Bragg, Jr. announced on Thursday two indictments against Certified Public Accountant Steven Lyon for defrauding the New York State Insurance Fund (NYSIF)…
(Reuters) -The U.S. Federal Deposit Insurance Corporation is planning to exempt smaller lenders from kicking in extra money to replenish the government’s bedrock deposit insurance fund, and instead saddle the…
By Hannah Lang (Reuters) – A key U.S. banking regulator is set to publish a comprehensive overview of the federal deposit insurance system on Monday, teeing up fresh debate about…
MINEOLA, NY – Sean O’Leary, 64, a Lake Success attorney, was arraigned Wednesday before Judge Norman Sammut on one count of Grand Larceny in the Second Degree for allegedly stealing…
(Reuters) – Despite the second- and third-largest bank failures in U.S. history last month, the U.S. Federal Deposit Insurance Corporation remains on track to refill its deposit insurance fund ahead…
HUDSON COUNTY, NJ – On Monday, two Jersey City men, Shelton Sutton, 36, and Kevin London, 36, have been arrested and charged with insurance fraud following an investigation by the…
By Douglas Gillison and Pete Schroeder (Reuters) – The White House on Thursday moved to reassure the nation’s community banks that they would not have to foot a $23 billion…