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Banks Face Extra £6B Cost if Motor Finance Compensation Plan Is Thrown Out: UK’s FCA
Lenders that mis-sold car finance would risk spending £6 billion ($8 billion) more if they reject the official compensation program and try to deal instead with individual complaints, the UK’s Financial Conduct Authority warned. Without the compensation scheme that was …
POSTED JUNE 09, 2026 11:05 AM |
MMA Alleges Broker Patriot Poached 11 Surety Team Members
Marsh & McLennan Agency has filed suit against brokerage Patriot Growth Insurance Services and eight former members of a surety team over an alleged poaching scheme. Filed early June in U.S. District Court for the Southern District of New York …
POSTED JUNE 09, 2026 6:00 AM |
Supreme Court Bolsters SEC’s Power to Recoup Illegal Gains
The US Supreme Court reinforced the Securities and Exchange Commission’s power to recover illegal profits in a case that centered on one of the agency’s most potent enforcement tools. The justices ruled unanimously Thursday that SEC doesn’t have to show …
POSTED JUNE 09, 2026 5:13 AM |
New UK Referendum Would Flip Brexit Result of a Decade Ago, Poll Finds
A UK poll shows that a new Brexit referendum would reverse the vote that led to Britain’s departure from the European Union a decade ago. Fifty-two percent of Britons think the UK should rejoin the EU, according to an Ipsos …
POSTED JUNE 09, 2026 5:05 AM |
Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says
A new United Nations assessment of ocean health documents a “deepening crisis” as climate change, pollution, overfishing, and biodiversity loss threaten marine ecosystems crucial to human survival. The result is rising sea levels, acidifying seas, dying coral reefs and declining …
POSTED JUNE 09, 2026 5:05 AM |
People Moves: Florida Lawyers Mutual Names Coady CEO
Carol Coady has been called out of retirement to be interim president and CEO of Florida Lawyers Mutual Insurance Co., starting next week. Coady served as the professional liability insurer’s operations manager for more than 20 years, before she retired …
POSTED JUNE 09, 2026 5:03 AM |
Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer
A federal judge won’t disturb a $256 million jury verdict in a long-running libel and RICO lawsuit against a plaintiffs’ lawyer who had charged an Alabama coal company with human rights abuses in Colombia. “Defendants’ claim that the jury was …
POSTED JUNE 09, 2026 5:02 AM |
8 Charged With Faking Shippers’ IDs to Steal Meats, Cheeses, Copper and Cigarettes
Eight people have been charged with conspiring to impersonate shipping carriers in a multimillion dollar theft scheme that operated throughout the Northeast between October 2025 and April 2026. The eight defendants allegedly stole nearly $5 million in goods from logistics …
POSTED JUNE 09, 2026 5:00 AM |
Markets/Coverages: Alliant in California Rolling out Retirement & Wealth Business
Alliant Insurance Services launched a new line of business to address what the firm sees as a growing convergence of retirement consulting and wealth management. Retirement & Wealth at Alliant is designed to link institutional retirement plan relationships with individual …
POSTED JUNE 09, 2026 5:00 AM |
People Moves: Specialty MGA Taps Marsh’s Smithson to Head Global Financial Lines and Cyber Division; UIB Names Burns and Wilcox’s Webb as Divisional Director – Binders
This edition of International People Moves details appointments at Specialty MGA and United Insurance Brokers (UIB). A summary of these new hires follows here. Specialty MGA Taps Marsh’s Smithson to Head Global Financial Lines and Cyber Division Specialty MGA, a …
POSTED JUNE 08, 2026 4:42 PM |
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