Viewpoint: Silicon Valley Bank’s Failure in Risk Management March 14, 2023 By Clifford Rossi As someone who had a front row seat at the largest bank failure in U.S. history, Washington Mutual, the demise...
U.S. Sues Rite Aid for Missing Opioid Red Flags March 14, 2023 By Jonathan Stempel The U.S. government on Monday sued Rite Aid Corp., accusing the pharmacy chain of missing “red flags” as it illegally...
Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action March 14, 2023 By Chad Hemenway Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against...
Credit Outlook for Allstate’s Florida Unit is Negative, Reflects Deteriorated Surplus March 14, 2023 By Insurance Journal Staff Reports The AM Best financial rating firm’s tepid outlook for Allstate’s Florida subsidiaries, Castle Key Insurance Co. and Castle Key Indemnity...
Former Maryland Police Chief Convicted of Multiple Arsons Targeting His ‘Enemies’ March 14, 2023 A former Maryland police chief was convicted Thursday of intentionally setting fire to buildings belonging to his adversaries, leading various...
Connecticut Regulator Opposes Letting Self-Storage Businesses Sell Insurance to Tenants March 14, 2023 Owners of self-storage businesses in Connecticut want to be able to sell property insurance to their tenants but the state...
Massachusetts Man Sentenced in Business Email Compromise Scheme March 14, 2023 A Framingham, Massachusetts man was sentenced this week for his role in a business email compromise (BEC) scheme. Gustaf Njei...
FEMA Urges California and Nevada Residents to Heed Flood Warnings March 13, 2023 The Federal Emergency Management Agency is cautioning residents in parts of central California and western Nevada to pay attention to...
Louisiana UPC Policyholders Have 30 Additional Days to Secure Citizens Policy March 13, 2023 Louisiana Insurance Commissioner Jim Donelon announced on March 13 that Louisiana Citizens will provide an additional 30 days after United...
Texas Women Sued for Wrongful Death After Aiding in Abortion March 13, 2023 AUSTIN, Texas (AP) – Three women in Texas are being sued for wrongful death by a man who claims they...