Despite movement in limit and deductible levels, public directors & officers (D&O) pricing continues to drop for the fifth consecutive quarter. The pricing index from Aon Commercial Risk Solutions’ Financial Services Group decreased to 1.15 in the second quarter from …
Financial services company Vesttoo said on Tuesday it was laying off about 75% of its staff and closing some offices in Asia, as it tries to recover from a scandal over a fraudulent letter of credit used as collateral in …
X Corp, the social media company formerly known as Twitter, and owner Elon Musk have asked a Delaware federal judge to dismiss one of several lawsuits claiming they failed to pay promised severance to laid-off employees. X, in a filing …
A South Carolina police officer and his roommate, a police department recruit, will face only misdemeanor penalties after agreeing to avoid law enforcement work for the rest of their lives. The plea agreement came after the two were charged with …
CRC Group, one of the the largest wholesale specialty insurance distributors, has named Farrah Schubmehl president of the group’s Nashville office. She has been senior vice president and property broker at CRC and will succeed Jake Blackshear, the company said …
A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty to indemnify – even if it has no duty to defend a tort action against the insured thanks to an …
The owner of a Massachusetts physical therapy clinic who defrauded 24 auto insurers by submitting largely bogus treatment claims was sentenced Wednesday to three years in prison and ordered to pay $7,383,756 in restitution. Gyulnara Bayryshova, the 57-year-old owner of …
Santiago G. Rodriguez, of Bothell, Washington, was added to Washington Insurance Commissioner Mike Kreidler’s most wanted list after being charged with insurance fraud by the Snohomish County Prosecutor’s Office. A bench warrant was issued for his arrest after Rodriguez failed …
The driver of a stolen vehicle struck several pedestrians near Grand Central Station in Manhattan on Tuesday, causing 10 non-life-threatening injuries, according to police and fire department officials. The incident, which was followed by the arrest of the 20-year-old motorist, …
Containment on an 80,000-plus-acre wildfire in Southern California grew to 23% on Tuesday, as firefighters made some progress against the state’s most massive ongoing blaze. It was listed as being at 0% containment a day earlier. The York Fire in …
