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A twice-convicted felon who helped orchestrate a scheme to inflate the value of a small New Jersey delicatessen to more than $100 million was ordered to spend 21 months behind bars. James Patten, 67, was sentenced Tuesday by US District …

A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft rom deactivating drivers from their apps without advance notice, ruling that the novel law is unconstitutional. U.S. District Judge Gregory Woods in Manhattan said in …

UCA General Insurance Services, Inc. promoted Laurie Eusebio to vice president of operations. The new role will include a range of responsibilities involving all departments in the firm. Eusebio started with UCA in 2006 as a marketing assistant. Since then, …

On Wednesday, nearly 270 New York law enforcement officials participated in a specialized training on combatting auto insurance fraud at the New York State Police Academy in Albany. Participants hailed from 55 agencies including the New York State Police, local …

The US Food and Drug Administration said it’s investigating yet another outbreak of the diarrhea-causing cyclospora parasite, with 72 cases tied to an unknown source. The latest infections disclosed by the agency on Wednesday add to the surge of cases …

The US Food and Drug Administration had apologized, Taylor Farms said in a post on X. An agency lab test linking its produce to the country’s worst cyclosporiasis outbreak in decades was a false positive. Not only that, but the …

Grange Insurance Names Conte Chief Distribution Officer Grange Insurance, based in Columbus, Ohio, named Krista Conte chief distribution officer. With more than 20 years of industry experience, Conte most recently served as executive vice president of insurance and distribution at …

Insurers can drive improvements in climate resilience by rewarding companies that invest to protect their businesses, rather than simply penalizing risky assets with higher premiums, according to a senior executive at Aon Plc. “Our role as an intermediary is to …

OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face Inc. in an “unprecedented” incident that prompted fresh calls for curbs on the technology. The ChatGPT-maker said in a blog post Tuesday that the models broke into Hugging Face’s …

Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property/casualty underwriting income up 18.8% to about $1.9 billion. Pretax net catastrophe losses were $475 million compared …

At the height of the Florida property insurance crisis in the early 2020s, one statistic seemed to galvanize the movement for reforming the state’s insurance claims litigation statutes: Floridians had produced about 9% of all homeowners’ claims in the U.S. …

Alphabet Inc. has more than quadrupled its office space in Miami this year shortly after co-founders Larry Page and Sergey Brin bought homes in the area. Google’s parent company signed a lease this spring to expand to about 45,000 square …

New Prime Minister Andy Burnham appointed Lucy Rigby as Britain’s City Minister on Tuesday, putting her in charge of overseeing the country’s financial services sector. Rigby was in that role under Keir Starmer’s government between September last year and May …

Insurance agency mergers & acquisitions in the first six months of 2026 were down 15% compared with the same period last year. As it did in its first-quarter report, investment banking and financial consulting firm OPTIS Partners said a downward …

As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …

Insurance companies cannot invoke “overriding public policy” in order to refuse to defend insured hotel owners and managers accused of enabling and profiting off of sex trafficking of minors, even though the state has criminalized such trafficking. “[N]either an insurer’s …

Tokyo-based food producer and distributor Nichirei Corp. says it will fully resume operations this week after a cyber attack disrupted its food delivery services, affecting clients nationwide including Kentucky Fried Chicken Japan. Shipments of frozen food handled by Nichirei’s logistics …

Three oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving the Yemeni coast at the sea’s mouth following a warning from Yemen’s Iran-aligned …

Private equity firms seeking to buy European insurers must show they can support policyholders for the long term rather than pursuing a quick profit, Europe’s insurance watchdog said. Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (EIOPA), …

Lloyd’s of London said former Chief Executive Officer John Neal breached its compliance rules after failing to disclose a close relationship that could have been perceived as creating a potential conflict of interest. An investigation found that Neal failed to …