(Reuters) – Loews Corp on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and insurance unit CNA Financial’s strong …
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Insurance
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Breaking NewsNew York NewsPolice Blotter
Master Rigger Indicted for Wage Theft and Forged Insurance Documents
by Adam Devineby Adam DevineNEW YORK, NY – On Wednesday, the Manhattan District Attorney announced the indictment of George Cole, a licensed Master Rigger, and his company, COLE NYC LLC. They are charged with …
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Government NewsPolice Blotter
Former U.S. Navy Service Member Sentenced for $2 Million Insurance Fraud Scheme
by Indira Patelby Indira PatelNEWS RELEASE SUMMARY – October 17, 2023 SAN DIEGO – Christopher Toups, who at the time of his crimes was a chief petty officer in the U.S. Navy, was sentenced …
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Government NewsPolice Blotter
Two Nigerian Nationals Based in Maryland Sentenced for Schemes to Steal California and Other States’ Unemployment Insurance Benefits
by Indira Patelby Indira PatelSACRAMENTO, 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 …
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Business News
Truist in talks to sell insurance business for $10 billion – Semafor
by Reutersby Reuters(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 …
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Breaking News
Philadelphia Man Arrested in Car Insurance Fraud Scheme After Traffic Stop
by Dinesh Patelby Dinesh PatelNEWARK, 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 …
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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 …
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Business News
KKR to invest more than $1 billion in USI Insurance to become largest shareholder
by Reutersby Reuters(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 …
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(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 …
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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 …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
‘It Is A Risky Proposition’: Homeowners Are Skipping Out On Insurance As Premiums Skyrocket
‘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 …
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(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. …
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Business News
Suncorp sees improvement in margins from insurance; annual cash earnings jump
by Reutersby Reuters(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 …
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Business News
US congressional panel probes FTC regulation of vision care insurance
by Reutersby ReutersBy 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 …
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Business News
Turkey quake contributed to $43 billion in H1 insurance losses – Munich Re
by Reutersby ReutersBERLIN (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 …
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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) …
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Business News
Aviation lessors fight to stop insurance dispute hearings in Russia
by Reutersby ReutersLONDON (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 …
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US and World News
Biden to crack down on short-term health insurance plans -Politico
by Reutersby Reuters(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 …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
‘Best Impeachment Insurance’: DeSantis Says Biden Picked Harris As VP Because ‘No One Wants Kamala’
‘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 …
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Business News
Insurance broker Acrisure prepares for 2024 IPO at over $20 billion valuation – source
by Reutersby Reuters(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 …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
Here’s Why Insurance Titans Are Suddenly Fleeing California
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 …
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Breaking NewsNew York City NewsNew York NewsPolice Blotter
CPA Charged with Defrauding New York State Insurance Fund of $10 Million
by Leo Canegaby Leo CanegaNEW 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) …
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Business News
FDIC plans to hit big banks with fees to refill deposit insurance fund – Bloomberg News
by Reutersby Reuters(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 …
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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 …
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Breaking News
Lake Success Attorney Arraigned for Allegedly Stealing Client’s Insurance Settlement Funds
by Leo Canegaby Leo CanegaMINEOLA, 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 …