Florida regulators have approved two new homeowner insurance companies, one led by a San Francisco tech entrepreneur and former head of Metromile auto insurance company. “I focus on companies that can successfully use machine learning and statistics to build great …
Two More HO Insurers Join Florida Market, One Led by Former Metromile CEO Read More »
Rupert Murdoch and News Corp. asked a US judge to throw out President Donald Trump’s $10 billion libel lawsuit over a Wall Street Journal report tying him to a bawdy birthday note to the late Jeffrey Epstein, calling the case …
Murdoch Calls Trump’s Epstein Suit ‘Affront’ to Free Speech Read More »
A former staff adjuster for a large Florida insurance carrier has been found guilty of defrauding the insurer out of more than $580,000. A federal jury in Orlando last week said that James Octavias Tobias Owens, 34, from the Orlando …
Florida Adjuster Convicted for Sending Carrier Checks to His Own Fake Firm Read More »
Neptune Insurance said on Monday it was targeting a valuation of up to $2.76 billion in its U.S. initial public offering, as the IPO market continues to run hot. Some existing shareholders of the flood insurance provider are targeting to …
Neptune Insurance Eyes $2.8B Valuation: IPO Read More »
Hershey defeated a lawsuit claiming it misled consumers who were disappointed the Halloween-themed Reese’s peanut butter candies they bought lacked the decorative details shown on the labels. U.S. District Judge Melissa Damian ruled on Friday that the plaintiffs did not …
Hershey Wins Lawsuit Claiming Reese’s Candies Aren’t Spooky Read More »
A Harvard Business School graduate accused of defrauding fellow alumni out of millions of dollars by claiming he could identify where Warren Buffett’s Berkshire Hathaway would invest next has been indicted for fraud, federal prosecutors in Manhattan said. Vladimir Artamonov, …
Maryland Man Charged in Ponzi Scheme Claimed He Knew Buffett’s Investments Read More »
Two mutual insurers — Northern Neck Insurance Co. and Frederick Mutual Insurance Co.— have announced they intend to affiliate, pending regulatory approval, in a move to grow across the Mid-Atlantic region. While Northern Neck is acquiring Frederick Mutual, the two …
Mutual Growth Strategy: Northern Neck Insurance to Acquire Frederick Mutual Read More »
