Insurance

Kansas Insurance Commissioner Vicki Schmidt announced last week that an Overland Park man has been sentenced to 12 months of probation for insurance fraud. Matthew Finholm, age 43, pleaded guilty in the District Court of Johnson County to one misdemeanor …

(Xcel Energy Inc. will likely be wrangling for years with the legal fallout from the wildfires burning through the Texas Panhandle. The experience of utility companies in California and Oregon sued over massive blazes sparked by downed power lines shows …

LUBBOCK — Texas firefighters are gaining more control over the remaining wildfires in the Panhandle, more than two weeks after the infernos first engulfed large swaths of the region and burned more than 1 million acres. As of Monday, the …

At least 50 people were hurt when a Boeing 787 operated by LATAM Airlines dropped abruptly mid-flight from Sydney to Auckland on Monday, according to the airline and a New Zealand health service organization that treated the injured. The aircraft …

(Bloomberg) — Georgia Governor Brian Kemp has appointed himself the figurehead of Rivian Automotive Inc.’s massive $5 billion development outside of Atlanta. In 2023, the first day of March was dubbed “Rivian Day.” Just a year later, the second-biggest economic …

Amynta Group, the New York-based insurance services provider, announced the completion of the previously announced acquisition of Sutton Special Risk Inc., a managing general underwriter (MGU) of specialty insurance and reinsurance products in Toronto, Canada. Financial details of the deal, …

AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number registered for 2022, the rating agency reported in it official tally for the year. Additional downgrades of 15 commercial insurers …

Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according to Chief Executive Officer Philippe Donnet. “We are considering very strict discipline for M&A which allows value creation,” Donnet said …

Meta Platforms Inc. sued one of its former vice presidents for what it called a “stunning” betrayal in his defection to a “stealth” AI cloud computing startup. Dipinder Singh Khurana, also known as T.S. Khurana, had worked at Meta for …

FORT LAUDERDALE, Fla. (AP) — Federal investigators determining why a Florida condominium tower partially collapsed three years ago, killing 98 people, said Thursday there were many faulty support columns in the tenant garage that ran below it and the adjoining …