Silicon Valley business software startup Zenefits and its co-founder Parker Conrad have been fined nearly $1 million by the U.S. Securities and Exchange Commission as part of a settlement over charges that they misled investors. Zenefits will pay a $450,000 …
American International Group Inc. on Thursday sued Walt Disney Co. to avoid having to reimburse the parent of ABC News for part of a settlement of a meat producer’s defamation lawsuit over a product that critics call “pink slime.” In …
The Toa Reinsurance Co. and Barbican Insurance Group announced they have received “in principle” approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be backed exclusively by Toa Re. Subject to formal approval, …
Federal prosecutors say a man will spend less than a year in prison for his role in an insurance scam involving staged car crashes in eastern Connecticut. Jonas Joseph was sentenced Wednesday in New Haven federal court to eight months …
Prime Risk Partners Inc. (PRP) has acquired Gunn, Steers & Company (Gunn Steers), a Manhattan-based insurance broker with a specialized practice for financial institutions and asset management companies. Gunn Steers will maintain its name and continue operating at its current …
Assurance, a Schaumburg, Ill.-headquartered, independent insurance brokerage, has hired Jack Groseclose to serve as an employee benefits advisor. In his new role, Groseclose will be based in Washington D.C., furthering Assurance’s expansion efforts into the D.C. market. He will focus …
Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in insured losses, according to modeling …
K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program designed for air shows that provides coverage for military air shows, civilian air shows, fly-ins, static aircraft displays, static/grounded hot air balloon displays and balloon glows …
Assistance provided to Floridians by from Florida’s insurance consumer helpline led to the recovery of nearly $9.3 million in the third quarter of 2017, according to a statement from Florida’s Chief Financial Officer Jimmy Patronis. Recoveries included insurance claim payments …
A Tennessee city will stop releasing traffic accident reports with unredacted personal information following a federal lawsuit questioning the efficacy of an ethical rule requiring attorneys to wait 30 days before contacting someone involved in a serious crash. The Chattanooga …
