Monthly Archives: <span>February 2023</span>

Despite Troubles, Ygrene Energy Seeks Restart on Novel Home Improvement Plan

Their billboards once plastered South Florida. Their contractors went door-to-door, offering expensive and much-needed upgrades to roofs, windows and air conditioning units — with no money down, no credit check needed. Ygrene Energy was the biggest player in a novel …

Swedish MGA Brookfield Underwriting Acquired by Broking Group Säkra

Brookfield Underwriting, the specialist Stockholm-based high net worth managing general agent, announced it has been acquired by Säkra, one of Sweden’s largest insurance intermediaries, which itself has just been acquired by private equity investment firm Cinven. Terms of the transaction …

Former Wilmington Trust Executive Reaches Civil Suit Deal With SEC Over 2008 Crisis

A former executive of the only financial institution to be criminally charged in connection with the federal bank bailout program in the wake of the 2008 financial crisis has reached a settlement with federal securities regulators in a related civil …

Neighbors Recoil at Florida Pool Shaped Like Gun

The swimming pool in the backyard of Louis Minardi’s home may be distinctive to Florida: The custom-built pool is shaped like a six-shooter revolver, in a state made famous – sometimes infamous – by guns, gun politics and gun culture. …

Loss Adjuster McLarens Forms Strategic Alliance in Egypt, Expanding Regional Footprint

Global claims services provider McLarens has established a strategic alliance with Egypt Global Adjusters (EGA), a leading Egyptian loss adjusting firm, headquartered in Cairo. Operating as McLarens’ exclusive affiliate in Egypt, the partnership with EGA will further strengthen McLarens’ regional …

VW Faces Possible Recalls After Environmental NGO Wins Emissions Software Lawsuit

A German court on Monday ruled in favor of an environmental NGO’s lawsuit against the federal motor authority for releasing cars with software on exhaust gas recirculation it argues is illegal, in a judgment which could lead to a wave …

Facebook Temporarily Fights Off $3.7B UK Mass Action Over Market Dominance

Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise users’ personal data. However, a London tribunal gave the proposed …

Post-Brexit Insurance Reform Expected Before December: BoE’s Woods

The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a “very good sense” of the changes would emerge well before …

‘Strike Force’ to Thwart Theft or Use of Disruptive Technology

US enforcement agencies are forming a “strike force” to combat adversaries trying to steal advanced technology, hack for financial gain or use new tools to collect intelligence. The move comes as government officials are grappling with how to respond to …

Buttigieg Urges U.S. Railroads to Boost Safety, Not Oppose Reforms

U.S. Transportation Secretary Pete Buttigieg said Sunday he would call on major railroads to improve safety after a Feb. 3 derailment in East Palestine, Ohio, of a train operated by Norfolk Southern. Buttigieg in a letter to Norfolk Southern Chief …