Insurance
She Took Out 40 Insurance Policies Worth $20 Million, Scamming Insurers and Investors
A federal jury convicted a Maryland woman yesterday for conspiracy to commit insurance fraud, and related charges for wire fraud, money laundering and filing false tax returns. According to court documents, Maureen Wilson, of Owings Mills, conspired with her husband …
Read More Ardonagh Advisory Acquires UK Broker Anderson & Co.
Ardonagh Advisory, the Ardonagh Group’s SME broking platform, announced it has acquired Anderson & Co. (Holdings) Ltd., along with its wholly owned subsidiary Anderson & Co (Insurance Brokers) Ltd. (ACIB). Financial details of the transaction were not disclosed. Established over …
Read More Man Torches Tesla Chargers in South Carolina But Catches His Clothes on Fire
NORTH CHARLESTON, S.C. (AP) — A man burned three Tesla chargers in a South Carolina parking lot and also apparently inadvertently set his clothes on fire, police said. The man spray-painted “long live the Ukraine” and a crude reference to …
Read More Heritage Insurance Profits Down for Q4 But Up 36% for 2024
TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Tuesday reported net income of $20.3 million in its fourth quarter, a 34% drop from Q4 in 2023. The Tampa-based company said it had net income of 66 cents per …
Read More Massive Fukushima Plant Cleanup Involves High Radiation and Stress
The Fukushima Daiichi nuclear power plant’s radiation levels have significantly dropped since the cataclysmic meltdown in Japan 14 years ago. Workers walk around in many areas wearing only surgical masks and regular clothes. It’s a different story for those who …
Read More Australia Regulator Sues FIIG Securities for Cybersecurity Failures
The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network. The Australian Securities and …
Read More Trump Mounts Sweeping Attack on Pollution and Climate Rules
The Trump administration is launching a sweeping overhaul of US environmental mandates in a campaign it billed as the “biggest deregulatory action” of its kind in US history. The Environmental Protection Agency said Wednesday it will formally reconsider more than …
Read More Trump Nominates Sean Plankey to Head Cyber Agency CISA
President Donald Trump has nominated Sean Plankey to serve as the chief of the Cybersecurity and Infrastructure Security Agency, according to a notice on Congress’ website. Plankey, a former Coast Guard officer who served as director for cyber policy in …
Read More New DOJ Antitrust Chief Builds Team From Prior Administrations
Gail Slater, the new head of antitrust enforcement at the US Justice Department, plans to hire veterans of previous administrations under Barack Obama and Donald Trump to help her oversee cases and investigations in tech, healthcare, finance and other sectors, …
Read More Generali Posts Record Profit Ahead of Shareholder Vote on CEO Reappointment
Italy’s biggest insurer Generali met forecasts on Thursday with a record 2024 profit, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet. The company, historically a bulwark of Italy’s financial system, is once again …
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