Insurance

A Newark, New Jersey man has admitted that he conspired with others to defraud telephone providers and insurance companies out of millions of dollars by using stolen or fake identities to submit fraudulent claims for replacement cellular devices. He and …

Howden, the London-based insurance group, announced it has completed the acquisition of Apex Insurance New Zealand and its associated subsidiaries (Apex), effective Thursday, Aug. 31, 2023. Financial details of the deal were not disclosed. This acquisition greatly accelerates Howden’s strategy …

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the launch of a new division serving the global entertainment, media, and sport industry. This new entertainment, media, and sport division reflects the successful growth of SRG and the continuing development …

Aircraft lessor AerCap on Wednesday said it had agreed a $645 million settlement with Russian state state-controlled airline Aeroflot regarding 17 aircraft and five spare engines that were stranded when Russia invaded Ukraine last year. AerCap, the world’s largest aircraft …

Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board (FSB) warned on Wednesday, while noting that significant data gaps make it hard to get a full picture of vulnerabilities …

Tests are being carried out to determine whether the UK Houses of Parliament contain the form of crumbling concrete that caused ministers last week to tell more than 100 schools to close buildings. Surveyors are investigating if any parts of …

A North Carolina insurance agent will have to return to court to determine if he or the client acted negligently by failing to disclose details about an insured’s property, the state’s Court of Appeals decided Monday. In Daniel Jones vs. …

Just days after another hurricane smashed through part of Florida, another property and casualty insurer has been approved for the state, providing more evidence that 2022 legislative limits on litigation are having a desired effect. “I think investors’ appetites have …

Vermont is implementing new requirements for vehicle registrations using out-of-state addresses. In years past Vermont was happy to register non-residents’ vehicles if they paid the registration fee, which some in neighboring states were happy to do to take advantage of …

Verizon Business Network Services of Ashburn, Virginia, has agreed to pay $4,091,317 to resolve False Claims Act allegations that it failed to completely satisfy certain cybersecurity controls in an information technology service it provided to federal agencies. The settlement with …