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Boeing Avoids US Criminal Charge in 737 Max Jet Crash Case
Boeing Co. will avoid a criminal charge over two fatal 737 Max crashes after a federal judge paved the way for a $1.1 billion settlement agreement, handing the embattled manufacturer a victory in a long-running legal battle. US District Judge …
POSTED NOVEMBER 07, 2025 2:13 PM |
People Moves: NFP Names Roberts; Falvey Appoints Blubaugh
NFP Names Roberts Northeast SVP NFP, headquartered in New York City, appointed David Roberts as senior vice president, surety, in its Northeast region. With over three decades of experience managing commercial risk, Roberts, who is based in New Jersey, brings …
POSTED NOVEMBER 07, 2025 1:20 PM |
Bristol Myers Reaches $239 Million Settlement Over Psoriasis, MS Drugs
Bristol Myers Squibb reached a $239 million settlement of claims that former Celgene shareholders were defrauded about prospects for the psoriasis drug Otezla, and multiple sclerosis treatment now known as Zeposia. A preliminary settlement of the 7-1/2-year-old class action was …
POSTED NOVEMBER 07, 2025 1:14 PM |
Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa
The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of Jamaica – a policy triggered by excess rainfall from Hurricane Melissa. This payout follows the CCRIF’s first record payment of …
POSTED NOVEMBER 07, 2025 10:48 AM |
Bain Capital Private Credit Executive Brushes off Systemic Concerns, Eyes Asia Growth
The global private credit market currently has no systemic risks, while Asia offers the biggest growth opportunities, a senior Bain Capital private credit executive told Reuters. Concerns about weak lending standards in credit markets have resurfaced after the recent collapses …
POSTED NOVEMBER 07, 2025 9:31 AM |
Irish Regulator Fines Coinbase Europe 21.5 Million Euros Over Monitoring Failures
Ireland’s central bank fined an Irish subsidiary of cryptocurrency exchange Coinbase Global 21.5 million euros ($25 million) on Thursday for breaching anti-money laundering and counter-terrorist transaction monitoring obligations. The Irish regulator said the fine related to faults in the configuration …
POSTED NOVEMBER 07, 2025 8:46 AM |
Consumers Are the Front Line in Fighting Insurance Fraud
The U.S. loses approximately $308.6 billion in insurance fraud, leading to each policyholder paying $900 more through annual premium increases, according to the Coalition Against Insurance Fraud. Scams affecting American policyholders and companies are among the most pervasive financial crimes …
POSTED NOVEMBER 07, 2025 6:38 AM |
Baldwin Group Posts $30M Q3 Loss But Expects More Embedded Builders Growth
Fresh off its subsidiary’s purchase of a builder-linked homeowners’ insurance program, the Tampa-based Baldwin Group took another hit to its bottom line in the third quarter this year. But the brokerage and advisory group expects the loss to turn into …
POSTED NOVEMBER 07, 2025 6:02 AM |
Washington Woman’s Fraud Conviction Saves System $1.3M in Lifetime Payments
An Auburn, Washington woman was convicted for fraud after receiving a lifetime pension following her reported injury while working at a supply company. Lemapu Dorothy Seinafo, 56, pleaded guilty to one count of third-degree theft and was ordered to repay …
POSTED NOVEMBER 07, 2025 6:00 AM |
Connecticut Collects $95M in Insurance Industry Fees, Fines and Taxes
For the 2025 fiscal year, the Connecticut Insurance Department (CID) collected more than $95 million in revenue that has boosted the state’s general fund. The revenue included approximately $2.2 million from insurance industry fines and penalties, $44 million from various …
POSTED NOVEMBER 07, 2025 6:00 AM |
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