Insurance
SE University VP Sentenced for Defrauding School in Website Design Project
A former Florida college administrator has been sentenced to one year and three months in federal prison for defrauding the school out of $155,000 during a website redesign project. Brian Carroll, 47, of New Market, Tennessee, was sentenced Monday in …
Read More Securities Broker Robinhood’s Fight Against Fiduciary Rule Before Massachusetts Court
Massachusetts’ highest court on Wednesday will consider whether to revive a state fiduciary duty rule that was central to an enforcement action securities regulators filed against the online brokerage Robinhood. A subsidiary of Robinhood Markets Inc. and Massachusetts Secretary of …
Read More Just Married, Then Hit by Alleged Drunk Driver: SC Bride Dies After Car Slams Golf Cart
A bride leaving her wedding reception was killed when a woman driving under the influence and well over twice the speed limit slammed into the back of a golf cart on a South Carolina beach road, authorities said. Data retrieved …
Read More German Insurtech wefox Launches Global Affinity Business
wefox, the Berlin-based insurtech, has launched a global affinity business, which increases its existing distribution channel and extends the ability of the company to deliver insurance solutions through partners. This core business vertical is part of the company’s overall tech …
Read More American Financial Group to Acquire Crop Risk Services From AIG for $240M
American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG will pay AIG $240 million in cash …
Read More Barclays Banker Alleges He Was Pigeonholed as ‘Aggressive Black Man’ in Lawsuit
A Barclays banker, one of three men of Cameroonian background to sue the bank in a joint London claim, alleges he has felt pigeonholed as an “aggressive Black man” in a lawsuit seeking almost 15 million pounds ($19 million) in …
Read More UBS Inherits Legacy of Legal Headaches From Credit Suisse
When UBS Group AG integrates Credit Suisse Group AG in the coming months, the Swiss bank plans to run staff from the scandal-prone former rival through what Chairman Colm Kelleher dubbed a “culture filter” to weed out potential bad apples. …
Read More Chubb: No Duty to Defend Texas Subway Franchise in Killing Case
ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed last week in …
Read More UK to Ban Cold Calls Selling Insurance and Crypto to Clamp Down on Fraud
The UK is to set to ban cold calls that sell financial products including insurance and cryptocurrencies in an effort to crack down on fraud, which costs the country around £7 billion ($8.7 billion) a year. Announcing its new fraud …
Read More D&O Prices Plummeting: Record-Level Q1 Drop for Decade
The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented in a new Aon report reveals. Aon’s Quarterly D&O …
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