A Monroe, La., insurance producer has been served with a cease and desist order alleging various unauthorized actions including false information on insurance applications, altering or forging names on checks and electronic transfer forms, and receiving commissions based upon fraudulent …
The London-based, insurance-focused investment firm Beat Capital Partners said it is creating a dedicated underwriting vehicle, funded by Bain Capital Credit, which will provide capital through its Syndicate 4242 to support Beat’s underwriting businesses operating in the Lloyd’s of London …
Seattle scoffed at the $650 million Bayer AG agreed to pay to settle class-action claims by about 2,500 cities, counties and ports over pollution from polychlorinated biphenyl, or PCB, saying it plans to opt out of the deal. According to …
U.S.-based global insurance broker Hub International Limited has acquired Elevate Insurance Brokers, a property/casualty independent insurance agency based in Grande Prairie, Alberta, Canada. Pierce Krol, president, and Otilja Majewski, partner, at Elevate Insurance, will join Hub International Insurance Brokers, a …
The Workers’ Compensation Insurance Rating Bureau of California has released its quarterly experience report, an update on California statewide insurer experience valued as of March 31, 2020. Highlights of the report include: California written premium for the first quarter of …
A three-year-long U.S. court battle over a cryptocurrency fundraiser, one of the largest initial coin offerings ever, has ended with a Swiss foundation paying $25 million to participants who lost money and their lawyers. The litigation followed a Reuters investigation …
A former student from Aloha High School is suing the Beaverton School District after a teacher was convicted of sending her sexually explicit photos and videos of himself. The suit, which asks for more than $2 million in damages, says …
The father of a 19-year-old Seattle man shot and killed in the Capitol Hill Organized Protest zone has filed wrongful death claims totaling $3 billion, seeking $1 billion each from the city of Seattle, King County and the state of …
Ratings agency AM Best says its continued stable outlook on the global reinsurance industry reflects negative market forces largely driven by the COVID-19 pandemic, social inflation and previous years’ property catastrophe events that are being offset by positive forces of …
A national subprime auto lender made unfair and deceptive loans to thousands of Massachusetts residents, provided investors with false or misleading information regarding auto securities, and engaged in unfair debt collection practices, the state attorney general’s office alleged in a …
