As someone who had a front row seat at the largest bank failure in U.S. history, Washington Mutual, the demise of Silicon Valley Bank (SVB) brings back memories of how seemingly well-run banks can in an instant run into trouble …
The U.S. government on Monday sued Rite Aid Corp., accusing the pharmacy chain of missing “red flags” as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids. In a complaint filed in Cleveland federal court, the …
Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against it, carrying allegations that the bank made false or misleading statements pertaining to the potential impact rising interest rates could …
The AM Best financial rating firm’s tepid outlook for Allstate’s Florida subsidiaries, Castle Key Insurance Co. and Castle Key Indemnity Co., has raised new questions about the subsidiaries’ and their parent company’s financial picture. AM Best last week posted a …
A former Maryland police chief was convicted Thursday of intentionally setting fire to buildings belonging to his adversaries, leading various law enforcement agencies on a sprawling investigation that linked a dozen arsons spanning nearly a decade and crisscrossing several counties. …
Owners of self-storage businesses in Connecticut want to be able to sell property insurance to their tenants but the state insurance regulator thinks that is a bad idea. According to Joe Doherty, lobbyist for the national Self Storage Association, 42 …
A Framingham, Massachusetts man was sentenced this week for his role in a business email compromise (BEC) scheme. Gustaf Njei was sentenced by U.S. District Court Chief Judge F. Dennis Saylor IV to 27 months in prison and two years …
The Federal Emergency Management Agency is cautioning residents in parts of central California and western Nevada to pay attention to local officials as additional heavy rains and flooding are predicted. The National Weather Service predicts widespread rain, snow and strong …
Louisiana Insurance Commissioner Jim Donelon announced on March 13 that Louisiana Citizens will provide an additional 30 days after United Property & Casualty Insurance Company (UPC) policies cancel on March 29 for policyholders and their insurance agents to secure coverage …
AUSTIN, Texas (AP) – Three women in Texas are being sued for wrongful death by a man who claims they helped his now-ex-wife obtain medication for an abortion. It’s another test of state-enforced bans since the U.S. Supreme court overturned …
