A former top executive at a Massachusetts-based shoe manufacturer has agreed to plead guilty to embezzling $30 million from the company, federal prosecutors said Wednesday. Richard Hajjar, 64, the former chief financial officer of Alden Shoe Co., agreed to plead …
THE HAGUE, Netherlands – ABN AMRO has agreed to pay 480 million euros ($574 million) as part of a settlement with prosecutors who accused the Dutch state-owned bank of “serious shortcomings” in tackling money laundering, prosecutors and the bank said …
As states around the country lift COVID-19 restrictions, Oregon is poised to go the opposite direction – and many residents are fuming about it. A top health official is considering indefinitely extending rules requiring masks and social distancing in all …
Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment. The move will see Tim Hadler join as chief underwriting officer to lead the new program, which has received regulatory …
The utility billing citizen self-service online portal for Kingman, Ariz., is once again fully functional following a cyberattack two months ago, city officials said Wednesday. The Feb. 26 attack from an unknown source knocked down the city’s computer system, blocking …
Arch Capital Group Ltd. estimated a range of pretax catastrophe losses of $180 million to $190 million for the first quarter across its property casualty insurance and reinsurance segments. A major reason for the claims during Q1 will be January’s …
A New Jersey solar energy company and utility Eversource have agreed to pay up to $310,000 in state fines to Massachusetts for allegedly violating state environmental laws that led to pollution of a brook and other protected areas. The settlement …
Hundreds of farmers who rely on a massive irrigation project that spans the Oregon-California border learned Wednesday they will get a tiny fraction of the water they need amid the worst drought in decades, as federal regulators attempt to balance …
The Travelers Companies reported net income of $733 million for the first quarter of 2021, compared to $600 million in the prior year quarter. Core income in the current quarter was $699 million compared to $676 million in the prior …
A 73-year-old woman with dementia is suing a Colorado city and members of its police department after she suffered a dislocated shoulder and bruises last year while being arrested after leaving a store without paying for about $14 worth of …