The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an “illegal” exchange and a “sham” compliance program. …

A top US banking regulator has launched investigations into managers’ conduct in the Silicon Valley Bank and Signature Bank failures. “It is worth noting that these two institutions were allowed to fail,” Martin Gruenberg, chairman of the Federal Deposit Insurance …

Citizens Property Insurance Corp. has weighed in on a question that could shake up the appraisal process in Florida insurance claims disputes, urging state regulators to require that appraisers be licensed adjusters. In a motion to intervene in a petition …

A Vancouver, Washington contractor was found to owe $201,223 in wages and interest to 20 employees on construction projects at four area schools. The contractor, 360 Sheetmetal LLC, and owner Beverley Martin, were also found to owe more than $115,000 …

A group of prison firefighters said their feet burned and their socks melded to their feet during a gruesome fire clean-up assignment that left several unable to walk, stand or shower without assistance for days, according to a new lawsuit. …

Philadelphia residents are being told that they may want to drink only bottled water following a chemical spill into the Delaware River in neighboring Bucks County. Bucks County health officials said Sunday that a leak late Friday evening at the …

WEST READING, Pa. (AP) – A fifth body has been recovered from the site of a powerful explosion at a chocolate factory in a small town in eastern Pennsylvania and two remained unaccounted for Sunday. West Reading Mayor Samantha Kaag …

Parker, Smith & Feek acquired Professional Benefit Services Inc. in Washington. PBS President Jere Meyer and Account Executives Katie Stewart and Lesley Behrndt will join Parker, Smith & Feek’s team of more than 350 associates. PBS provides group employee benefits …

Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank. Credit Suisse’s Operational Re bonds, insurance-linked securities that cover the bank against perils such as falling victim to fraud and accounting errors, should remain unaffected by …

The U.S. Supreme Court on Monday declined to hear a disbarred environmental lawyer’s challenge to his criminal contempt conviction after he earlier won but was unable to collect a $9.5 billion judgment against Chevron Corp. over oil pollution in Ecuadorian …

Specialist insurance provider CFC recently announced the expansion of its admitted product suite with the addition of professional liability and technology E&O. The company has been trading its admitted solution for cyber since 2020. Leveraging CFC’s award-winning trading platform and …

ConocoPhillips, which last week received U.S. government approval for the massive Willow oil drilling project in Alaska, detailed reasons for a natural gas leak at another North Slope field that prompted the evacuation of 300 employees last year. Officials with …

Hackers obtained data on some employees of the UK’s Pension Protection Fund after exploiting a third-party data transfer service, according to a fund spokesperson. The Pension Protection Fund manages £39 billion of assets for its 295,000 members, according to its …

A New York-licensed pain management doctor has been sentenced to 36 months in prison for his participation in a scheme to obtain fraudulent insurance reimbursements and other compensation from fraudulent trip-and-fall accidents. Damian Williams, U.S. Attorney for the Southern District …

This edition of International People Moves details appointments at Acrisure Re, MS Amlin and Tysers Broking. A summary of these new hires follows here. Acrisure Re Hires Ed Broking’s D’Arcy for Facultative Team Acrisure Re, the re/insurance division of top-10 …

Georgia lawmakers have approved a bill that, if signed into law, would end the longstanding “use-and-file” mechanism on auto insurance rate filings in the state. The state Senate last week voted 49-2 in favor of House Bill 221, a measure …

LITTLE ROCK, Ark. (AP) – Arkansas Gov. Sarah Huckabee Sanders last Tuesday signed a law prohibiting transgender people at public schools from using the restroom that matches their gender identity, the first of several states expected to enact such bans …

MADISON, Wis. (AP) – A factory farm has agreed to pay the Wisconsin Department of Justice $215,000 to settle pollution allegations. The Legislature’s finance committee is slated to approve the deal during a meeting last Tuesday. According to an analysis …

MONTICELLO, Minn. (AP) – A Minnesota utility began shutting down a nuclear power plant near Minneapolis on Friday after discovering water containing a low level of radioactive material was leaking from a pipe for the second time. While the utility …

DALLAS (AP) – The company responsible for maintaining a Texas interstate where 130 vehicles crashed in icy conditions two years ago, killing six and injuring dozens, failed to address the deteriorating road conditions, federal officials said last Thursday. That portion …