The SEC imposed $6.4 billion in enforcement actions, including $4 billion in penalties, in fiscal 2022.
Author: Annie George
SAN Group Has a New Member
MA-based Woodland Insurance Agency has joined the SAN Group network.
Berkshire Hathaway Swings into Loss
Losses at Berkshire Hathaway from insurance underwriting offset gains in manufacturing, service and retail businesses.
Arthur J. Gallagher & Co. Subpoenaed by DOJ’s Foreign Bribery Unit
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.
Supreme Court to Hear Cases that Could Make Challenges to FTC and SEC Easier
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.
AmTrust Acquires Surety MGA CMGIA
AmTrust Financial Services, Inc. has acquired Contractor Managing General Insurance Agency, Inc. (CMGIA).
Following Shutdown of Ukrainian Ports, Marine Markets Face “Total Loss” Claims for Trapped Ships
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.
Tornadoes in TX, OK Destroy Homes, Buildings
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.
Poor P&C Underwriting Results Driven by Ian, Personal Auto, Inflation, and Geopolitics
Underwriting profitability for 2022 will be the worst year for the P&C industry since 2011, according to the Triple-I and Milliman.
Twitter Sued Over Musk’s Planned Layoffs
A class-action lawsuit was filed against Twitter following Elon Musk’s planned layoffs.