Lighthouse Insurance Misled Hedge Funds Before it Collapsed in 2022, Lawsuit Claims October 31, 2023 By William Rabb A Florida lawsuit brought by private equity fund Fortinbras Enterprises and three others charges that Lighthouse Property Insurance Corp. executives...
Florida Policies in Limbo Over Proposed Insolvency Surcharge October 5, 2021 By William Rabb The Florida Insurance Guaranty Association is urging insurers to hold off on sending homeowners’ policy renewals until state regulators decide...
Appeals Court Clears Investor Lawsuit Seeking $200M From Former Tower Group Owners June 17, 2021 By Jim Sams Creditors who say they were swindled out of more than $200 million by the former owners of the liquidated CastlePoint...
Florida Begins Liquidation of American Capital Assurance; Policies to Cancel May 14 April 22, 2021 By Amy O' Connor Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed...
Church Official Warns of Financial Flood Due to Abuse Claims April 12, 2021 SANTA FE, N.M. (AP) — A top official with the Archdiocese of Santa Fe says a financial flood from clergy...
Toys ‘R’ Us Creditors Sue Directors and Private-Equity Owners March 16, 2020 By Lauren Coleman-Lochner Toys “R” Us Inc. creditors filed a lawsuit accusing the defunct retailer’s executives and private-equity owners of fraud and breach...