invoices News

Zurich Insurance Sees Limited Greensill Exposure

LONDON/ZURICH — Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital, the insurer’s chief financial officer said on Wednesday after it reported solid first-quarter earnings. Greensill Capital lent money …

8th Circuit Upholds Dismissal of Insurance Executive’s Whistleblower Suit

A federal appellate court upheld the dismissal of a whistleblower lawsuit filed by an insurance executive who was fired after allegedly submitting false expense reports and encouraging employees under him to do the same. A panel of the 8th Circuit …

Wisconsin Republican Party Says Hackers Stole $2.3 Million

MADISON, Wis. — Hackers have stolen $2.3 million from the Wisconsin Republican Party’s account that was being used to help reelect President Donald Trump in the key battleground state, the party’s chairman told The Associated Press on Thursday. The party …

Feds Review Hurricane Irma Invoices From 3 Florida Cities

MIAMI — Three South Florida cities are being investigated by the Department of Homeland Security’s Office of Inspector General for “questionable invoices” and other documents submitted by consultants for reimbursement of debris cleanup from Hurricane Irma. The Federal Emergency Management …

Hedge Funds Buy Almost $500 Million in Claims From PG&E Vendors

Bankrupt utility giant PG&E Corp. owes a lot of money to a lot of businesses. A tree-trimming service. A California car dealership. A laundromat. Construction contractors galore. Now, hedge funds including Olympus Peak Asset Management LP and Whitebox Advisors LLC …