A Florida lawsuit brought by private equity fund Fortinbras Enterprises and three others charges that Lighthouse Property Insurance Corp. executives concealed the extent of underwriting losses after Hurricane Ida, even as the insurer solicited millions in fresh capital. And part …
BATON ROUGE, La. (AP) — As insurers in Louisiana flee the state and residents face exorbitant, and in some cases unaffordable, property insurance costs lawmakers returned to the Capitol Monday for a special legislative session to address the ongoing crisis. …
BATON ROUGE, La. (AP)–Insurance companies operating in Louisiana will be charged at least $100 million to pay the claims of two failed property insurers who went belly up in Hurricane Ida’s aftermath. But the cost of dealing with the insolvent …
Tesla Inc. Chief Executive Officer Elon Musk said he was involved in some discussions about the $2.6 billion acquisition of SolarCity in 2016, though he recused himself from a board vote approving the initial offer. Musk made the disclosure when …
A Miami-Dade Circuit Court entered a $76 million judgment against Aries Insurance Company former owners, Marcos Fraynd and his children Paul Fraynd, Saul Fraynd and Fanny Fraynd, who were found guilty of diverting funds for personal use. Aries, a personal …