The head of the Federal Deposit Insurance Corporation said Thursday that bank regulators are considering applying an upcoming set of stricter capital rules to banks with over $100 billion in assets. FDIC Chairman Martin Gruenberg said in a speech the …
Former insurance executive and businessman Greg Lindberg was found liable for fraud in 2022 in connection with his insolvent insurance companies, but the North Carolina county court did not award damages. Lindberg appealed. But so did four of his former …
This edition of International People Moves details appointments at reinsurance brokers BMS Re and Guy Carpenter. A summary of these new hires follows here. BMS Re Names O’Brien as VP in Bermuda BMS Re, the specialty reinsurance arm of the …
Sedgwick, the Memphis, Tenn.-based loss adjuster, has launched a new power and energy division in the UK, under the leadership of industry veteran David Ward. The division will focus on claims affecting the energy and power sectors, with the capabilities …
The company whose submersible vanished in the North Atlantic on a tourist dive to the wreck of the Titanic was repeatedly warned that there might be “catastrophic” safety problems with the venture, documents show. With five people aboard a vessel …
A homeowner in Florida has been charged with fraud after failing to report a previous claim on her house, the state’s Department of Financial Services said Wednesday. Nancy Salomon, of Port St. Lucie, applied for an HO policy with Olympus …
Projections from the National Highway Traffic Safety Administration (NHTSA) indicate first quarter traffic fatalities are down 3.3% compared to the same period a year ago. The NHTSA estimated 9,330 people died in traffic accidents during the first three months of …
The winners of the eighth annual Qorus-Accenture Innovation in Insurance Awards have been announced. The awards, which honor the best ideas and practices transforming the industry for the benefit of insurers and customers, attracted more than 350 entries from 43 …
The nearly two-week eruption of a Hawaii volcano, one of the most active in the world, has come to a pause, scientists said. After a three-month hiatus, Kilauea began erupting again June 7 – displaying fountains of glowing red lava …
The owner of an auto repair shop who paid a former employee with 91,500 oily pennies has been ordered by a judge to pay nearly 4 million more cents. A federal judge ruled that Miles Walker, who owns A OK …
