Monthly Archives: <span>May 2019</span>

Colorado Governor Signs Bill Increasing Immigrant Driver’s License Locations

A bill increasing the number of locations where Colorado residents who are in the country illegally can obtain driver’s licenses has become law. Gov. Jared Polis signed the legislation on Tuesday. Farming, dairy and other business groups backed the initiative, …

Colorado Man Files Negligence Suit in Deadly New Mexico Bus Crash

A Colorado man who survived a bus crash in New Mexico that killed three people including his wife last July has filed a lawsuit. Ramon Grajeda-Beltran and Olga Hernandez-Beltran of Rocky Ford were passengers on a commercial bus traveling from …

Captive Insurers Grow Their Third-Party Business with Help from Digital Tools: Marsh

The number of captive insurance companies writing third-party business is growing at double-digit pace as the digital era expands the ways that organizations can provide and service insurance, according to global insurance broker Marsh. Technology advances, including mobile applications and …

New Loan Program Could Help Connecticut Homeowners with Foundation Woes

Connecticut lawmakers are working to provide additional assistance to homeowners impacted by the crumbling foundations problem. The House of Representatives last week advanced a bill to the Senate, by a vote of 131-7, requiring the Connecticut Housing Finance Authority to …

Gamblers in Pennsylvania Claim Illegitimate Decks of Cards Lost Them $250K

Two gamblers have filed a federal lawsuit against a Philadelphia casino claiming they lost $250,000 because of faulty shuffling machines and illegitimate decks of cards. The lawsuit against SugarHouse was filed in Philadelphia on Wednesday and accuses the casino of …

Marsh FinPro’s Hopper Joins Starr’s Financial Institutions Practice for UK and Europe

Starr Insurance Companies today announced the appointment of Andrew Hopper as head of Financial Institutions for the UK and Europe. Hopper will be responsible for the strategy and profitable growth of the Financial Institutions division. Prior to Starr, Hopper was …

Damage to Homes, Large Hail Reported in Pennsylvania After Severe Storms

Severe storms swept through Pennsylvania and several tornadoes were reported, causing damage to some homes but no immediate reports of injuries. Emergency dispatchers in eastern Pennsylvania’s Berks and Chester county reported roof damage and some partial collapses in Caernarvon Township, …

Three Convicted in New York City Fake Accident Fraud Scheme

Three men have been convicted in a trip-and-fall scheme that recruited low-income people and the homeless to defraud New York City-area businesses and their insurance companies. Prosecutors say a federal jury in Manhattan Tuesday found Bryan Duncan, Robert Locust and …

India’s Ambani Weighs Selling Reliance General Insurance to Reduce Debt

Beleaguered Indian tycoon Anil Ambani is in talks to sell his group’s general insurance unit to a shadow lender, people familiar with the matter said, as he seeks to reduce debt. Reliance Capital Ltd., controlled by Ambani, is discussing the …

Debt Insurance Staging a Comeback with Investors As Distressed Situations Increase

Corporate debt insurance that fell out of favor after the financial crisis is returning to vogue as default rates rise and a series of high-profile failures pay off for short sellers. Credit-default swaps trading increased 7% this year, with average …