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Author: Annie George

SEC Levied More than $6B in Enforcement Actions in Fiscal 2022

SEC Sues Coinbase

The SEC imposed $6.4 billion in enforcement actions, including $4 billion in penalties, in fiscal 2022.

Published November 8, 2022
Categorized as Show on Homepage Tagged enforcemet actions, penalties, SEC

SAN Group Has a New Member

SAN Group

MA-based Woodland Insurance Agency has joined the SAN Group network.

Published November 8, 2022
Categorized as Show on Homepage Tagged agency network, SAN Group

Berkshire Hathaway Swings into Loss

Berkshire Hathaway 3Q earnings

Losses at Berkshire Hathaway from insurance underwriting offset gains in manufacturing, service and retail businesses.

Published November 7, 2022
Categorized as Show on Homepage Tagged Berkshire Hathaway 3Q loss, market performance insurance underwriting, underwriting performance

Arthur J. Gallagher & Co. Subpoenaed by DOJ’s Foreign Bribery Unit

DOJ wants to break up Ticketmaster Live Nation monopoly

Arthur J. Gallagher & Co. received a subpoena from the Justice Department’s foreign bribery unit in relation to Ecuador’s investigation into corruption at state-owned enterprises.

Published November 7, 2022
Categorized as Show on Homepage Tagged Arthur J. Gallaher, bribery, DOJ, Ecuador corruption

Supreme Court to Hear Cases that Could Make Challenges to FTC and SEC Easier

Supreme Court on SEC fraud cases

The United States Supreme Court will hear two cases that would make it easier to challenge the regulatory authority of the Federal Trade Commission and the Securities and Exchange Commission.

Published November 7, 2022
Categorized as Show on Homepage Tagged court cases, FTC, SEC, US Supreme Court

AmTrust Acquires Surety MGA CMGIA

AmTrust

AmTrust Financial Services, Inc. has acquired Contractor Managing General Insurance Agency, Inc. (CMGIA).

Published November 7, 2022
Categorized as Show on Homepage Tagged AmTrust, CMGIA, contractors surety bonds, surety bonds

Following Shutdown of Ukrainian Ports, Marine Markets Face “Total Loss” Claims for Trapped Ships

The Ukrainian flag flies from the stern of a ship in the Black Sea port of Odessa, Ukraine, on September 16, 2016.

Ukrainian ports have been closed for vessel entry for 10 months and, while the full value of vessels trapped is unclear, it could be as much as $1 billion.

Published November 7, 2022
Categorized as Show on Homepage Tagged marine losses, trapped ships, vessels Ukraine

Tornadoes in TX, OK Destroy Homes, Buildings

severe storms in Houston

Residents in southeastern Oklahoma and northeastern Texas began assessing weather damage Saturday after a storm spanning from Dallas to northwest Arkansas spawned tornadoes and flash flooding.

Published November 7, 2022
Categorized as Show on Homepage Tagged catastrophe insurance, flash flooding, tornadoes

Poor P&C Underwriting Results Driven by Ian, Personal Auto, Inflation, and Geopolitics

Underwriting profitability

Underwriting profitability for 2022 will be the worst year for the P&C industry since 2011, according to the Triple-I and Milliman.

Published November 4, 2022
Categorized as Show on Homepage Tagged III, Milliman, Triple I, underwriting profitability

Twitter Sued Over Musk’s Planned Layoffs

Twitter employee lawsuit

A class-action lawsuit was filed against Twitter following Elon Musk’s planned layoffs.

Published November 4, 2022
Categorized as Show on Homepage Tagged Elon Musk, EPLI, Twitter, Twitter layoffs

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