Fosun International Ltd. is weighing strategic options for its Hong Kong-based Peak Reinsurance Co. as the Chinese conglomerate looks to pay down debt, according to people familiar with the matter. Fosun is working with a financial adviser as it considers …
A man has pleaded guilty in connection with a series of barn fires set last year in several northern Indiana counties. An Elkhart County judge gave preliminary approval Monday to the plea agreement with Joseph Hershberger who was charged with …
US auto insurers are coping with the largest direct loss ratio in 20 years because of factors that include historic inflation, a deterioration in driving behavior and sky-high jury awards, the American Property and Casualty Insurance Association says in a …
The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that, management of marijuana and hemp businesses is going through changes, with “weed cowboys” clashing with button-down capitalists – not to …
The Roman Catholic Diocese of Buffalo has agreed to strengthen its oversight of clergy accused of sexual misconduct to settle a lawsuit brought by New York’s attorney general alleging the church mishandled abuse claims and protected predatory priests, authorities said …
This post is part of a series sponsored by IAT Insurance Group. Disclaimer: This article should not be used as legal advice. All parties should consult legal counsel of their choice and seek expert advice on legal and compliance issues. …
Two people whose personal information was compromised in a data breach at Rhode Island’s public bus service that affected about 22,000 people sued the agency and a health insurer this week seeking monetary damages and answers. The class-action suit filed …
This post is part of a series sponsored by InsurBanc. Not all financial fraud in today’s world is in the cybersecurity arena. Fraudsters are going old school and using a scheme known as “check washing.” What is check washing? Imagine …
The Texas Windstorm Insurance Association (TWIA) Board of Directors will hold an interim meeting on Wednesday, November 2 at 10:00 a.m. CT to review preliminary information about the Association’s 2023 budget. The meeting agenda available on TWIA‘s website.TWIA staff will …
Texas Attorney General Ken Paxton announced that his office has completed its distribution of $4.2 million in redress payments to approximately 42,000 Texans whose personal information was compromised in a 2016 data breach at ride share company Uber Technologies, Inc. …
