19 05, 2022

NWS Confirms Weak Tornadoes in Kansas, Nebraska

By | May 19th, 2022|Uncategorized|Comments Off on NWS Confirms Weak Tornadoes in Kansas, Nebraska

The National Weather Service has confirmed a series of weak tornadoes across rural parts of northwestern Kansas and a county in southwestern Nebraska along the Kansas line. The tornadoes hit Tuesday afternoon as a line of storms moved across the …

19 05, 2022

North Carolina Judge Orders Lindberg to Give Up Control of Firms to Repay Insurers

By | May 19th, 2022|Uncategorized|Comments Off on North Carolina Judge Orders Lindberg to Give Up Control of Firms to Repay Insurers

A North Carolina court has ordered jailed insurance and business entrepreneur Greg Lindberg to relinquish control of hundreds of his firms in a plan to salvage four of his insurance companies. The judge in Wake County found that Lindberg committed …

19 05, 2022

Northern Michigan Wildfire 98% Contained

By | May 19th, 2022|Uncategorized|Comments Off on Northern Michigan Wildfire 98% Contained

A wildfire in a heavily forested area of northern Michigan is now 98% contained and all road closures in the area have been lifted, state officials said Tuesday. The Michigan Department of Natural Resources said a stretch of the Black …

19 05, 2022

Texas Division of Workers’ Comp Adopts Income Benefits Form

By | May 19th, 2022|Uncategorized|Comments Off on Texas Division of Workers’ Comp Adopts Income Benefits Form

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) said it has adopted a new form: DWC Form-033, Request to Reduce Income Benefits Due to Contribution (DWC Form-033), effective immediately. The DWC said the adoption of the form is …

19 05, 2022

Texas Man Sentenced for Hotel Investment Fraud Scheme

By | May 19th, 2022|Uncategorized|Comments Off on Texas Man Sentenced for Hotel Investment Fraud Scheme

An Austin, Texas man was sentenced to 70 months in prison and ordered to pay $5,052,366.92 in restitution for his role in a fraud scheme. According to court documents, from 2012 until June 2018, Jason Michael Schubert, 47, devised a …

19 05, 2022

Hungary Eyes Boosting Domestic Ownership in Sectors Such as Insurance

By | May 19th, 2022|Uncategorized|Comments Off on Hungary Eyes Boosting Domestic Ownership in Sectors Such as Insurance

Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said on Wednesday, signaling more pressure on foreign companies to scale back their presence in the country. Prime Minister Viktor Orban, …

19 05, 2022

Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds

By | May 19th, 2022|Uncategorized|Comments Off on Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds

Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion investment funds collapsed amid market turmoil triggered by the coronavirus pandemic in 2020. Here …

19 05, 2022

Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments

By | May 19th, 2022|Uncategorized|Comments Off on Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments

Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three years. Italy’s biggest …

19 05, 2022

Investment Firm Brookfield to Buy UK Repair Site HomeServe for £4.1B

By | May 19th, 2022|Uncategorized|Comments Off on Investment Firm Brookfield to Buy UK Repair Site HomeServe for £4.1B

Brookfield Asset Management Inc. agreed to buy emergency household repairs provider HomeServe Plc in a deal valuing the company at £4.1 billion ($5 billion), one of the UK’s largest take-private transactions this year. Investors will get 1,200 pence for each …

19 05, 2022

Global Broking Network Brokerslink Adds First Tech Firms as Members

By | May 19th, 2022|Uncategorized|Comments Off on Global Broking Network Brokerslink Adds First Tech Firms as Members

Brokerslink has added six technology firms as members – the first non-broking or risk consulting firms to join the global network since its creation in 2004. These “B.tech affiliates” signal the network’s intent to enter a new era of digitalization, …