Members of the Sackler family on Monday said billions of dollars they collected from Purdue Pharma before the company filed for Chapter 11 was the result of extra cash, not part of a “secret plan” to abuse the bankruptcy system. …
A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report issued Monday. The Office of the Comptroller …
A six-story condominium building that was the subject of resident complaints dating back to June 2020 has been evacuated in a Milwaukee suburb after engineers found the structure was in imminent danger of collapsing. Police and firefighters cleared the 48-unit …
Farrukh Hussain, 37, of Eastvale, California, was arraigned on 14 felony counts of insurance fraud after allegedly stealing consumers’ identities to file 14 fraudulent insurance claims with six different insurance companies using a “paper collision” scheme – meaning most of …
Just before Missouri Gov. Mike Parson condemned a St. Louis Post-Dispatch reporter for exposing a state database flaw, records show the state Department of Elementary and Secondary Education was instead preparing to thank him for finding the glitch. The Post-Dispatch …
Insurance broker Willis Towers Watson announced the acquisition of Aerosure, a leading aviation industry specialist, focused on the Australia, New Zealand and Pacific Island region. Aerosure, based in Sydney, will become a part of Willis Towers Watson’s (WTW) Global Aerospace …
The South Dakota Department of Health is beginning to issue medical marijuana cards, but officials say it could be months before dispensaries will have anything to sell. Municipalities across the state are also receiving applications for permits from those who …
Ten people aboard a Norwegian Cruise Line ship approaching New Orleans have tested positive for COVID-19, officials said over the weekend. The Norwegian Breakaway had departed New Orleans on Nov. 28 and is due to return this weekend, the Louisiana …
This edition of International People Moves details appointments at brokers Bowring Marsh and Miller. A summary of these new hires follows here. Bowring Marsh Appoints Mayhew as CEO, UK & Ireland Insurance broker Marsh announced the appointment of Justine Mayhew …
AM Best has revised its 2022 market segment outlook for the U.S. property/casualty commercial lines insurance industry to stable from negative, despite some near-term challenges including inflation, an uneven economic recovery and continued pressure on jury awards and settlement costs. …
