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After incrementally doubling interest rates to the highest levels in 22 years, the Fed, for the third month in a row, decided to stand pat.

The 42- year-old man from Woodstock faces charges of insurance fraud and forgery, according to Georgia Insurance and Safety Fire Commissioner John F. King. While working at State Farm, the agent received a $3,500 premium payment from a client and deposited the check into his personal bank account, investigators said. McClatchy News reached out to State Farm for…

Misty and Jaime Ornelas were charged by a federal grand jury with conspiracy to commit mail fraud in a scheme that allegedly involved phone calls between the mother and her son, who was an inmate at High Desert State Prison in Susanville, court records say. The indictment says that from June 2020 to September 2020 the two conspired to defraud California’ s…
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State insurance regulators are not happy with how the Department of Labor is characterizing its annuity sales rule.

Iowa Insurance Commissioner Doug Ommen encouraged his colleagues to craft a pointed comment letter to the Department of Labor to set the record straight on its fiduciary proposal.
Image shows the NAIC logo over a photo of a crowd of people in an auditorium.
NAIC regulators approved a bulletin on the use of algorithms, predictive models, and artificial intelligence systems by insurers.

State insurance regulators made it to the finish line Monday with a bulletin advising insurers on use of artificial intelligence and related technology by insurers.

De Groft, who was fired in June 2022 days after the FBI raided the“ Heroes& Monsters” exhibit of art attributed to the late artist Jean-Michel Basquiat, spoke with the Orlando Sentinel on multiple topics, including his firing and dealings with the museum’ s board, days after countersuing OMA in response to the institution "s fraud suit against him and the owners of the…

Former President Trump and Deutsche Bank's years-long symbiotic relationship came to the forefront of his New York civil fraud trial this week when top executives who once loaned the former president's business hundreds of millions of dollars gave the most compelling defense yet in his trial. The executives bolstered arguments Trump's counsel has made…

The U.S. Attorney for the Northern District of Texas, Leigha Simonton, issued the following news release:. A Tulsa, Oklahoma man who submitted fraudulent insurance claims for COVID-19 testing, resulting in a more than $7 million loss to insurers was sentenced Wednesday to 54 months in federal prison, announced U.S. Attorney for the Northern District of Texas…

COLUMBUS, Ohio– A former executive with a Columbus- based insurance company pleaded guilty to embezzling more than $10.2 million and spending the money on a yacht, plastic surgery, and other luxuries. Brinson Caleb Silver, 43, of Culver City, California, pleaded guilty to one count of wire fraud and one count of contempt of court and has agreed to pay more than $10.2…

As the COVID-19 pandemic tanked the economy, South Florida developer Eric Sheppard turned to the U.S. government for help and received about $900,000 in fraudulently obtained loans that his business really did not need or qualify for, a prosecutor said during opening statements in his Miami federal trial Monday. Sheppard used the emergency loans for…

For years, South Carolina attorney Alex Murdaugh looked his anguished clients in the eyes and promised to help them with their medical bills, their suffering or simply to survive. The courtroom drama will mark yet another step in the fall of a powerful and respected attorney whose family name dominated the legal scene in a small Hampton County for generations,…