The U.S. Securities and Exchange Commission is alleging a Watertown, Wis., insurance agent ran a $10 million Ponzi scheme out of his agency, ISC Inc. The SEC filed a securities fraud lawsuit against 69-year-old Loren Holzhueter and one of his …
New York and Massachusetts in January became the latest states to enact laws to prohibit improper use of certificates of insurance. On Jan. 28, New York Gov. Andrew Cuomo signed into law a bill (A.9590/S.6545-A) that would standardize the practice …
The Pennsylvania Public Utility Commission has given ride-sharing service Uber a two-year experimental license to operate anywhere in the state except Philadelphia, where it has been operating despite a local ban. The company connects passengers with drivers — who use …
Winter Storm Juno — a blizzard that swept through the Northeast during the last week of January and brought record and near-record snowfalls and high winds — has resulted in relatively few insurance claims so far, according to industry participants. …
Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the app-based transportation company may be much closer to home: one of …
The National Football League’s $765 million settlement over concussions came up short a second time as a judge said she wants more changes before she’ll approve it. U.S. District Judge Anita Brody in Philadelphia, in an order the day after …
General Star Management Co. has made enhancements to its primary and excess standalone sexual abuse & molestation coverage for eligible applicants. The revised offering is available to all appointed Casualty Division wholesale brokers on a nationwide basis. Eligible exposures include, …
A.M. Best announced it has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit ratings to “aa” from “a” of Producers Agriculture Insurance Co. (Pro Ag) and Producers Lloyds Insurance Co. (Producers Lloyds). Both …
Authorities in southern Illinois are investigating half a dozen recent fires in the village of Marissa, including one that destroyed a local landmark serving as a museum to the area’s coal mining history. The blaze gutted the Academy Building Friday …
The expense of installing mandated train collision avoidance technology is putting passenger service in Missouri at risk, according to the state Department of Transportation. The equipment, which is designed to override human error, is supposed to be in place by …
