Wei Wen Wu, 54, and Feng Wen Lam, 49, both of Arcadia, California, were charged with 43 felony counts of insurance fraud, grand theft, and conspiracy after allegedly underreporting nearly $4.5 million in employee payroll. The scheme reportedly fraudulently reduced …
It seems more and more budding entrepreneurs have followed the allure of starting a home-based business, so much so that it is estimated that half of the 30 million small businesses in the U.S. are home-based. AXIS Insurance identified these …
An insurer group is unhappy with new legislation to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil fuel-related companies and projects being underwritten. Assembly Bill 1694 expands upon the disclosures …
The Environmental Protection Agency is taking a series of enforcement actions to address air pollution, unsafe drinking water and other problems afflicting minority communities in three Gulf Coast states, following a “Journey to Justice” tour by Administrator Michael Regan last …
A courthouse in north Louisiana will be closed indefinitely so that repairs can be made to the building’s main power distribution system. Crews are assessing damage to the Caddo Parish Courthouse’s power grid that happened during maintenance on Jan. 23 …
The Missouri Department of Insurance announced that consumers received nearly $25 million from their insurance companies in 2021 thanks to the services provided by the department’s Consumer Affairs Division and Market Regulation Division. The revenues were returned as a result …
Cincinnati, Ohio-based Norman-Spencer is growing its current real estate errors & omissions (E&O) program by creating an exclusive Risk Purchasing Group (RPG) with The Hanover Insurance Group. Exclusive coverages within the program include E&O insurance for real estate agents (including …
Digital home insurance company Kin Insurance, Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The parties cited “current unfavorable market conditions” for the termination. In December, Kin, …
Vermont businesses will see a rate decrease of 4.9% in workers’ compensation costs. The reduction will be effective on April 1, 2022, and is estimated to save Vermont employers more than $8 million in premiums over the next year. Gov. …
British insurer First Central Group Ltd. is considering a sale that could value the business at about 600 million pounds ($800 million), people with knowledge of the matter said. First Central Group is working with Evercore Inc. as it prepares …
