A New York art adviser who once counted actor Leonardo DiCaprio among her wealthy patrons was sentenced Wednesday to 30 months in federal prison after admitting to cheating clients out of $6.5 million in connection with the sale of 55 …
Former Art Adviser to DiCaprio, Other Wealthy Clients Sentenced for $6.5 Million Fraud Read More »
This post is part of a series sponsored by IAT Insurance Group. Social inflation is not a new phenomenon, but its effects are becoming more pronounced across the insurance industry. In Episode 11 of What’s Brewing, Chris Accetta, VP of …
Social Inflation’s Impact on Insurance in 2025 Read More »
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two …
CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release Read More »
Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining …
Wall Street Brokers Start Trading Insurer Claims From LA Fires Read More »
Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the company said on Thursday, the latest in a series of call-backs for the pickup truck. The recall covers just …
Tesla Recalls Most Cybertrucks Due to Trim Detaching From Vehicle Read More »
Delaware lawmakers are expected to vote as soon as next week to overhaul the state’s corporate law to protect its business-friendly reputation, but opponents have called the bill a giveaway to billionaires. The bill makes it hard for investors to …
Delaware Corporate Law Reform Heads to Final Vote Amid Criticism It Favors Billionaires Read More »
Approximately 170,000 properties were potentially impacted by the severe outbreak across the Midwest and Mississippi Valley, in addition to wildfires and dust storms across the Southern Plains, CoreLogic said. The early season tornado outbreak over March 13-16 spawned at least …
CoreLogic: Approximately 170K Properties Potentially Impacted by Severe Storms Read More »
RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal is effective from Jan. 1, 2025. Guy Carpenter was the broker of …
Riverstone in Loss Portfolio Transfer Deal With Lyft Subsidiary Read More »
The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns. The grim warning came at the …
AI Is Turbocharging Organized Crime, EU Police Agency Warns Read More »
Munich Re said it has acquired Next Insurance, which will become part of the reinsurer’s major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo already owned nearly 30% of the digital insurance company’s …
Ergo Enters US Small Business Insurance Market With Full Buy of Next Insurance Read More »
