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Title Insurer Settles Kickback Charges With District for $500K

District of Columbia Attorney General Brian L. Schwalb reported that Universal Title will pay $500,000 after an investigation by his office found that the company was engaged in an illegal title insurance kickback scheme. The attorney general’s office said Universal …

Q3 Net Income Up 18% at The Hartford

Third quarter 2024 net income at The Hartford improved about 18% compared to the same period a year ago despite $247 million in pretax catastrophe losses—$104 million from Hurricane Helene. Net income was $767 million compared to $651 million a …

Georgia County to Sue BioLab Over Chemical Fire and Toxic Fumes

CONYERS, Ga. (AP) — A Georgia county is preparing a federal lawsuit that aims to shut down the BioLab chemical factory where a fire sent a toxic chemical cloud over Atlanta’s suburbs last month, the latest in a series of …

North Carolina Calculates Helene Damage at $58B, Far More than Florence

RALEIGH, N.C. (AP) — The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at least a record $53 billion in damages and recovery needs, Gov. Roy Cooper’s administration said Wednesday. The state budget office …

FM Makes Third ‘Resilience Credit’ With $400M for Clients

Eligible commercial property insurance clients of FM will receive a share of $400 million in what the insurer calls a “resilience credit” to be put toward climate mitigation solutions. This is the third resilience credit allocated since FM announced the …

Philippines Races to Limit Storm Damage as Trami Keeps Strength

The Philippines is ramping up efforts to contain the devastation caused by severe tropical storm Trami, which has killed 25 people, affected millions and shut government offices for a third straight day on Friday. President Ferdinand Marcos Jr. said the …

US Gains $100M Settlement With Owner, Operator of Ship That Wrecked Key Bridge

The Singaporean corporations that owned and operated the cargo ship Dali have agreed to pay $101,980,000 to resolve a civil claim brought by the United States for costs related to the response to the catastrophic collapse of Baltimore’s Francis Scott …

Indian Court Tells Star Health to Share Details of Leak so Telegram Can Delete Chatbots

An Indian court in the southern state of Tamil Nadu has told insurer Star Health to help Telegram identify data leaked via its messaging app so the chatbots can be deleted. The country’s biggest insurer with roughly $4 billion market …

Harassment Claims Soar at City Firms in Wake of Odey Scandal

City firms reported a 72% surge in non-financial misconduct complaints over the last three years following a string of high-profile scandals including sexual harassment allegations leveled at hedge fund chief Crispin Odey. In the biggest review of discrimination and bullying …

Arthur J. Gallagher & Co. Acquires UK Investment Consulting Firm Redington Ltd

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of London-based Redington Ltd. Terms of the transaction were not disclosed. Redington is an investment consulting firm providing comprehensive investment, research and technology services to pension funds, …

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