Tricolor Holdings founder Daniel Chu, who faces federal fraud charges related to the collapse of the subprime auto-loan firm, won court approval to use company insurance policies to pay for his defense costs, a judge ruled Wednesday. US Bankruptcy Judge …
An Asian cyber-espionage group has spent the past year breaking into computer systems belonging to governments and critical infrastructure organizations in more than 37 countries, according to a cybersecurity firm.
South Korean firms Samsung Fire & Marine Insurance, Mirae Asset Financial Group and Hyundai Marine & Fire Insurance Co. are in exploratory talks about entering India’s $130 billion insurance market, three Indian sources said. The interest comes as India has …
McGowan Allied Specialty Insurance announced a strategic realignment of sales territories within its in-house team designed to enhance services, improve regional coverage, and ensure a more tailored experience for clients across the country. The Ohio-based company said that by reallocating …
On Wednesday, just over a week after a U.S. District Court judge ordered New Hampshire to take all necessary steps to continue its vehicle inspection program, the New Hampshire Executive Council voted to let the state’s emissions testing contract expire. …
A federal judge declared unconstitutional a 2021 Texas law restricting state investments in companies seeking to rely less on fossil fuels or boycott that industry. In a decision made public on Wednesday, U.S. District Judge Alan Albright said the law …
Some supertanker operators, nervous about rising US-Iran tensions and potential risks to shipping in the Strait of Hormuz, are speeding their vessels through the chokepoint. Very Large Crude Carriers are traveling around the narrow, congested waterway — through which about …
A Louisiana insurance agency has been ordered to pay $1.2 million in premium refunds for overcharging fraudulent fees on commercial surety bond policies. The Louisiana Department of Insurance announced that Alexander Ellsworth and his agency, Ellsworth Corporation, will pay a …
The captain of a container ship that crashed into a U.S. tanker off Britain’s east coast last year was jailed for six years on Thursday for causing the death of a crew member through gross negligence. Russian national Vladimir Motin, …
XPT Specialty, headquartered in Plano, Texas, hired Kyle Goedeke as an underwriter/broker. Goedeke has nearly a decade of experience across wholesale brokerage, underwriting, and excess and surplus (E&S) line placements. In his role at XPT Specialty, Goedeke will underwrite and …