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Kansas Man Sentenced to Probation for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee County man has been sentenced to 24 months of probation for insurance fraud. Chad Ashe, aged 43, pleaded guilty on January 21, 2026, in Cherokee County District Court to one felony count …
POSTED APRIL 29, 2026 4:47 PM |
Bank of England to Curb Offshore Life Insurance Trades
The Bank of England’s regulatory arm on Wednesday set out plans to tighten the capital treatment of funded reinsurance, a type of deal in which life insurers pass on risk to offshore reinsurers. British life insurers will have to increase …
POSTED APRIL 29, 2026 4:40 PM |
Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes
Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren’t delivered …
POSTED APRIL 29, 2026 4:26 PM |
Lemonade Logs Q1 Net Loss With Topline Growth
Insurtech Lemonade reported a first quarter 2026 net loss of about $35.8 million compared with a loss of about $62.4 million during the same time in 2025. However, Lemonade said its topline growth was positive, with 159% increase in year-to-year …
POSTED APRIL 29, 2026 2:50 PM |
GEICO Responds After Error Sent Cancellation Notices to Florida Drivers
GEICO leadership said this week that the company is working with Florida policyholders after a snafu inadvertently alerted people that their driver licenses had been suspended. The auto and property insurance company did not reveal details about what happened, only …
POSTED APRIL 29, 2026 2:37 PM |
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