Manhattan District Attorney Alvin Bragg, Jr. announced the indictment of officers of Inter-Insurance Agency Services Ltd. and the firm for their roles in an eight-year scheme in which they allegedly provided more than $250 million in coverage to clients while …
Mexico’s state-run oil company, facing heightened scrutiny over a string of deadly accidents at its facilities, set an ambitious goal early this year: No more fatalities. Just weeks after announcing that target, an explosion at a Petroleos Mexicanos oil platform …
Mattel was sued on Tuesday by a South Carolina mother for mistakenly putting a link to a pornographic website on packaging for dolls tied to the blockbuster movie “Wicked.” In a proposed class action filed in federal court in Los …
The Fortegra Group Inc., the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received regulatory approval to launch a UK subsidiary, called Fortegra Insurance Company UK. The Prudential Regulation Authority (PRA) granted Fortegra UK the license, …
Executive Summary: With over 70% of insurers planning to deploy gen-AI tools over the next two years, AI promises much, and the keen adopters likely will be rewarded – but it’s a path that must be navigated carefully, keeping a …
The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter. The shareholders, which include buyout firm JC Flowers & Co. and Qatar Investment Authority, are …
A senior U.S. official who is among those working to evict alleged Chinese hackers from American telecom companies has a word of advice for his fellow Americans: Use encryption. During a call with reporters on Tuesday, Cybersecurity and Infrastructure Security …
The Federal Trade Commission said it has issued an order prohibiting data brokers Mobilewalla and Gravy Analytics from selling consumer data without consent—including location information related to visits to healthcare facilities, places of worship, and participation in protests. According to …
A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns. Chubb’s new “2024 Wealth Report: Cultivating Resilience in a Changing …
Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, where rates for traditional commercial insurance have soared in recent years. SRA 831(b) …
