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Irish Regulator Fines Coinbase Europe 21.5 Million Euros Over Monitoring Failures
Ireland’s central bank fined an Irish subsidiary of cryptocurrency exchange Coinbase Global 21.5 million euros ($25 million) on Thursday for breaching anti-money laundering and counter-terrorist transaction monitoring obligations. The Irish regulator said the fine related to faults in the configuration …
POSTED NOVEMBER 07, 2025 8:46 AM |
Consumers Are the Front Line in Fighting Insurance Fraud
The U.S. loses approximately $308.6 billion in insurance fraud, leading to each policyholder paying $900 more through annual premium increases, according to the Coalition Against Insurance Fraud. Scams affecting American policyholders and companies are among the most pervasive financial crimes …
POSTED NOVEMBER 07, 2025 6:38 AM |
Baldwin Group Posts $30M Q3 Loss But Expects More Embedded Builders Growth
Fresh off its subsidiary’s purchase of a builder-linked homeowners’ insurance program, the Tampa-based Baldwin Group took another hit to its bottom line in the third quarter this year. But the brokerage and advisory group expects the loss to turn into …
POSTED NOVEMBER 07, 2025 6:02 AM |
Washington Woman’s Fraud Conviction Saves System $1.3M in Lifetime Payments
An Auburn, Washington woman was convicted for fraud after receiving a lifetime pension following her reported injury while working at a supply company. Lemapu Dorothy Seinafo, 56, pleaded guilty to one count of third-degree theft and was ordered to repay …
POSTED NOVEMBER 07, 2025 6:00 AM |
Connecticut Collects $95M in Insurance Industry Fees, Fines and Taxes
For the 2025 fiscal year, the Connecticut Insurance Department (CID) collected more than $95 million in revenue that has boosted the state’s general fund. The revenue included approximately $2.2 million from insurance industry fines and penalties, $44 million from various …
POSTED NOVEMBER 07, 2025 6:00 AM |
People Moves: Mutual of Enumclaw Hires New Executives; King & Neel Appoints Itami and King to Leadership
Mutual of Enumclaw Hires New Executives Mutual of Enumclaw named Daniel Guthrie as vice president of product operations and chief operating officer and Hem Chari as chief information officer. Guthrie has more than 25 years of leadership experience in the …
POSTED NOVEMBER 07, 2025 6:00 AM |
Landlord Gets Another Chance to Hold Broker Liable for Failed Lead Paint Disclosure
A federal court of appeals has revived a case over an alleged failure of insurance broke Willis of New Jersey to notify the insurer for one of its New York clients of the presence of lead paint in his residential …
POSTED NOVEMBER 07, 2025 6:00 AM |
AM Best Revises Outlook to Positive for Michigan Millers Mutual
AM Besthas revised the outlook to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Michigan Millers Mutual Insurance Company (Michigan Millers) based in Lansing, Michigan. Concurrently, AM …
POSTED NOVEMBER 07, 2025 5:24 AM |
Texas Asks Court to Halt Kenvue Tylenol Marketing, Dividend
Texas officials have asked a state court judge to temporarily block Kenvue Inc. from marketing Tylenol as safe for pregnant women, and from issuing a dividend, escalating the company’s legal woes just days after announcing a major merger with Kimberly-Clark …
POSTED NOVEMBER 07, 2025 5:14 AM |
Wildfire Victims Ask Gov. Newsom to Call for Insurance Commissioner’s Resignation
A few of the victims of the Los Angeles wildfires in January are asking California Gov. Gavin Newsom to call for the resignation of California Insurance Commissioner Ricardo Lara over reforms Lara pushed that were designed to help ease the …
POSTED NOVEMBER 06, 2025 7:52 PM |
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