Insurance
Investigators Say Car Was Buried in California in Insurance Fraud Scheme
A car was buried in the backyard of a Northern California mansion 30 years ago as part of a scheme to commit insurance fraud, authorities said Thursday. The convertible Mercedes was discovered last month by landscapers in the affluent town …
Read More Two Families Settle with PacifiCorp in Oregon Over Fire
Electric company PacifiCorp has entered a settlement with two families who were victims of the catastrophic Labor Day fires in southern Oregon in 2020, according to attorneys representing the families, the Oregonian reports. The confidential settlement avoids a jury trial …
Read More Cheerleading Company Denies Abuse Involvement, Hires Big Gun Attorney
The American cheerleading company behind the sport’s top uniforms, camps and competitions is vehemently denying accusations that the enterprise helped facilitate alleged sexual abuse at gyms across the Southeast outlined in a series of federal lawsuits, and has hired a …
Read More Allstate in Talks to Return Headquarters to Chicago From Suburbs
Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it quit decades ago. The insurer has held discussions with Chicago officials …
Read More Brazil’s BB Seguridade Raises Full-Year Forecasts as Q3 Profit Jumps 69%
Brazilian insurer BB Seguridade Participacoes SA raised some full-year forecasts on Monday after reporting a 69% jump in third quarter profit on the back of a strong commercial performance in insurance, pension plans and premium bonds. BB Seguridade, which is …
Read More Insuring Cannabis Summit: Carriers Seeing Evolution of the Space
Michael Hall was an early insurance carrier entrant into the insuring cannabis space. Yet, even as it has grown and his competition increases, he doesn’t seem to worry about losing business to competitors or the potential of having to operate …
Read More Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey
Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen …
Read More Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech
Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market. The Karachi-based company took over MicroEnsure Pakistan, a unit of MIC …
Read More Tanzanian Plane Crashes Into Africa’s Lake Victoria, Killing 19
Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in northwestern Tanzania, Radio One cited Prime Minister Kassim Majaliwa as saying. The ATR turboprop aircraft was carrying 39 passengers from Tanzania’s commercial …
Read More Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought
A hack on an Australian health insurer appears to be far larger than initially suspected, with the company saying it will refuse to pay a ransom for the theft of data. The attack on Medibank Private Ltd. exposed the data …
Read More