In response to plan administrator concerns following SECURE 2.0 Act passage, the IRS has delayed the Roth catch-up contribution requirement,
The Department of Labor sent its new and controversial fiduciary rule to the Office of Management and Budget late Friday afternoon.
The Treasury Department settled a long-running dispute with state insurance regulators over climate data collection, announcing Friday that they will partner to compile the data from insurers.
Insurance Commissioner Ricardo Lara announced several appointments “to help advance the California Department of Insurance’s vision of insurance protection for…
Mark Gordon signed 18 bills into law. Among the bills signed Monday was one that will make changes to a process health insurance companies use to approve or deny medications for patients and one that will allow for vehicle registrations to be carried electronically. House Bill 14 regulates prior authorization— a process health insurance companies use to…
Mar. 6— Washington state Insurance Commissioner Mike Kreidler announced Wednesday that he sent letters to insurers in the Spokane area urging them to make it easier for victims to file claims resulting from the Gray and Oregon Road fires that devastated rural areas last summer. In a previous letter to President Joe Biden, Gov. Jay Inslee wrote that it will cost…
A New York appellate division judge ruled Wednesday that multimillion-dollar penalties imposed on former President Trump in his civil fraud case will not be paused while he appeals the judgment; however, for now, Trump can apply for loans. Justice Anil Singh temporarily denied the former president's request to stay the enforcement of the more than $454…
California could become the 45th state to adopt best-interest annuity sales rules if Gov. Gavin Newsom signs the bill.
Federal prosecutors in Manhattan charged the Rolls Royce-driving pastor in December 2022 of persuading one of his parishioners at Leaders of Tomorrow International Ministry in Canarsie, Brooklyn to invest around $90,000 of her retirement savings and then blew it on luxury items for himself. Prosecutors say Whitehead further attempted to trade access to…
As federal prosecutors and a defense attorney argued in an Orlando courtroom last week about how much time a convicted Joel Greenberg associate should spend in prison, new details emerged of a shady real estate scheme by the former tax collector and his friends that federal investigators say bilked Seminole County out of $262,000. “This was a straw purchase,…
Former JEA CEO Aaron Zahn and Chief Financial Officer Ryan Wannemacher are on trial in U.S. District Court on accusations of conspiracy and wire fraud. The gallery on Feb. 21 included reporters from several Jacksonville news organizations, a reflection of the extensive media attention the case has received since the men went under investigation and were…
ST. LOUIS– U.S. Marshals took a former St. Louis area reality TV cast member into custody on Tuesday after she failed to surrender herself to federal prison to begin her sentence. Brittish "Cierrah" Williams, 34, pleaded guilty in May 2023 to five counts of misuse of a Social Security number, four counts of bank fraud, three counts of making false statements to the IRS,…
New York State Attorney General Letitia James said she would ask a judge to seize former President Donald Trump’ s assets if he cannot pay the damages from his $354 million civil fraud case. “If he does not have funds to pay off the judgment, then we will seek judgement enforcement mechanisms in court, and we will ask the judge to seize his assets,” Ms. James said in an…
One of the biggest hurdles to setting long-term care rate review policy is how to fairly assess the increases, regulators say.
State insurance regulators are moving quickly to address and reserving held by life insurers involved in reinsurance transactions. Too quick for some.
In five years as Insurance Commissioner Mike Causey’ s paid driver, Roger Blackwell cost taxpayers nearly $14,000 in hotel, meals and other bills, including a nearly $1,400 vehicle rental for a three-day conference in New Jersey. Requested through a public records request in August, the records were obtained by The News& Observer this month.
Cummins Inc. is facing multiple lawsuits from shareholders and Dodge Ram truck owners after the company agreed to pay $2 billion late last year to settle allegations that it unlawfully altered hundreds of thousands of pickup truck engines in violation of Clean Air Act emission standards. One case was filed in the U.S. District Court in the Southern District…
"They're gonna have to start liquidating assets," Cohen said in an interview on MSNBC's "Velshi" with anchor Ali Velshi, calling the legal fees that Trump owes in various lawsuits an "enormous amount of money he does not have." The former president also faces an $83.3 million fine another New York judge ordered him to pay last month to columnist E. Jean Carroll for…
A House committee revived debate over the Department of Labor fiduciary rule Thursday, leading to extended discussion on what is best for retirement savers.
Feb. 15— A Bristol insurance producer has been sentenced to nearly three years in federal prison after he defrauded eight investors of nearly $1.2 million, including a widow with memory impairment from whom he took nearly $900,000, authorities said. John Horvath was sentenced Thursday to 34 months in prison followed by two years of supervision after his…
