A mortgage company staffer who created hundreds of fraudulent wire transfers to steal roughly $2 million from the firm has been sentenced to nearly four years in federal prison. Dilcia Mercedes of Camden, N.J., will also have to serve three …
A lawsuit has been settled between Virginia Tech and a former student who was accused of overseeing a ceremony that violated the school’s hazing policy. The federal lawsuit filed last month “has been resolved to the mutual satisfaction of both …
New York State Inspector General Letizia Tagliafierro has announced the arrest and arraignment of an Oswego County court stenographer who routinely added zeros to billing invoices to insurance carrier clients over the course of several years, resulting in her alleged …
SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has hired Kaitlin Friedman as alternative market leader. A licensed property and casualty insurance broker, Friedman also provides wholesale support to the SterlingRisk Programs Department. Much of Friedman’s experience centers on …
Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase pressure on UK household insurers’ profits in 2020, said Fitch Ratings. While the claims are unlikely to exceed £500 million …
Georgia accused Russian military intelligence of organizing a “paralyzing” cyber attack last year and called for a reaction by the international community. Russia’s GRU was behind the “large-scale” October 2019 attack that targeted the presidential administration, various government bodies and …
China’s two-year state custody of Anbang Insurance Group Co., the group that became a poster child for private companies with too much debt and lofty global ambitions, is set to end this weekend. Authorities took control of the 2 trillion …
German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday. The profit increase was largely driven by an improved investment margin in its …
The Tennessee Department of Commerce & Insurance (TDCI) is marking the licensing of its 200th captive insurance company, Mattoon Insurance Co., making the state the seventh-largest captive domicile in the U.S., according to a statement from the department. Mattoon is …
A medical marijuana bill cleared its first hurdle Wednesday in the Alabama Legislature, giving hope to advocates after years of setbacks. Audience members applauded as the Senate Judiciary Committee voted 8-1 for the bill, putting it in line for a …
