Business
US declares Nigerian man wanted for defrauding New York of $30m
A 29-year-old Nigerian man, Chidozie Collins Obasi, has been declared wanted in the United States for alleged fraud. The Nigerian…
S&P’s global reinsurance outlook is negative, but a turnaround is near
The global reinsurance sector is expected to feel continued pressure due to several headwinds, according to a new report from…
Lloyd’s loses COVID-19 BI case against Baylor College of Medicine
Lloyd’s of London syndicates have lost a COVID-19-related business interruption (BI) court case against Baylor College of Medicine (Baylor Medicine)…
State Farm and Allstate hit by insurance litigation
Lex Machina has released its 2022 insurance litigation report, examining trends including case filings, venues, judges, law firms, parties, and…
State Farm buys $1.2 billion stake in security services firm ADT
State Farm has agreed on a $1.2 billion equity investment in ADT Inc. (ADT), giving it a 15% stake in…
Brokers’ three big mistakes
The business insurance world is always evolving, and thousands of insurance brokers in each market are vying for an employer’s…
Howden launches first-of-its-kind carbon credit insurance product
International insurance broker Howden has announced the launch of a carbon credit invalidation insurance product to increase confidence in the…
Rocket preemptively raises 2023 conforming loan limits for brokers
Wholesale lender raised conforming loan limits by 10% to $715,000 ahead of its competitors The wholesale arm of Rocket Mortgage…
When is a VA loan down payment required?
VA loan down payments One of the key benefits of a VA loan is that there’s no down payment required…
Mortgage interest rate predictions: Will rates go down in September 2022?
Mortgage rate forecast for next week (Sept. 12-16) With the Federal Reserve signaling more aggressive policy actions to come, mortgage…