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Minneapolis to Overhaul Police Training After George Floyd’s Murder
The Minneapolis City Council this month approved an agreement with the federal government to overhaul the city’s police training and use-of-force policies in the wake of the murder of George Floyd. The deal incorporates and builds on changes the Minneapolis …
POSTED JANUARY 14, 2025 5:49 PM |
DARAG Acquires Run-Off Portfolio From wefox Insurance AG
DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability …
POSTED JANUARY 14, 2025 5:45 PM |
Iowa Insurance Division Joins $17M Settlement With Edward Jones
The Iowa Insurance Division, a member of the North American Securities Administrators Association (NASAA), announced last week it has joined a $17 million settlement with Edward D. Jones & Co., L.P. (Edward Jones) resulting from an investigation into the broker-dealer’s …
POSTED JANUARY 14, 2025 5:44 PM |
FTC Says CVS, Cigna and UnitedHealth Abuse Middleman Role
Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost for dozens of specialty generic drugs, bringing in more than $7.3 billion in excess revenue over six years, the Federal …
POSTED JANUARY 14, 2025 5:27 PM |
South Carolina Extends Use of Emergency Adjusters After Helene
Property and auto insurers in South Carolina can keep non-resident adjusters on the job for at least another 90 days, until April 25, due to the continued need after Hurricane Helene, the state insurance commissioner said in a bulletin posted …
POSTED JANUARY 14, 2025 5:24 PM |
New Orleans Officials Confident in Security Plans Ahead of Super Bowl
New Orleans officials projected confidence in their security plans as the city prepares to host the Super Bowl and Mardi Gras in the aftermath of a terror attack that killed 14 people on New Year’s Day and questions linger over …
POSTED JANUARY 14, 2025 5:15 PM |
Texas Lawmaker Sees California Fire Aid Tied to Conditions
As deadly wildfires continue to rage in Los Angeles, a Republican congressman from Texas says federal lawmakers will consider tying relief funding for California to policy changes in the state. “California has some disastrous policies that led to mismanagement of …
POSTED JANUARY 14, 2025 5:09 PM |
Polo Insurance Managers Launches Clockwork Re
Polo Insurance Managers (PIM), the Guernsey based insurance manager business within the PoloWorks group, announced the launch of Clockwork Re – a newly established Category 4 Commercial General Reinsurer in Guernsey. Clockwork Re has been formed to access superior insurance …
POSTED JANUARY 14, 2025 4:50 PM |
Robinhood to Pay $45 Million to Settle SEC Charges
Online trading firm Robinhood Markets has agreed to pay $45 million to settle U.S. Securities and Exchange Commission charges over record keeping, trade reporting and other rule violations, the regulator said on Monday. Regulators found Robinhood Securities LLC and Robinhood …
POSTED JANUARY 14, 2025 4:43 PM |
Florida Store Owner Who Faked Death for Insurance Gets Sentenced Commuted
Floridians may remember the strange case of Jacksonville businessman Jose Lantigua, who faked his own death in 2013 in an attempt to collect millions of dollars in life insurance proceeds. His deeds earned him a spot on the Coalition Against …
POSTED JANUARY 14, 2025 4:10 PM |
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