The 79-year-old former CEO of a health care software firm was sentenced to 15 years in prison after he was convicted of more than $1 billion in fraud tied to falsely billing Medicare for durable medical equipment and other items. Gary Cox, who previously lived in Arizona, was convicted in June by a federal jury … Read more
The owner of a South Dakota hotel who said Native Americans were banned from the establishment was found liable for discrimination against Native Americans last week. A federal jury decided the owner of the Grand Gateway Hotel in Rapid City will pay tens of thousands of dollars in damages to various plaintiffs who were denied … Read more
Eleven firefighters and two other people were injured in a house fire explosion in the Piedmont region of North Carolina, officials said. Salisbury Fire Chief Bob Parnell said firefighters did not have life-threatening injuries but were getting treated for contusions, concussions and smoke inhalation following the fire Monday evening. Two other people were taken to … Read more
High winds toppled trees and power lines across parts of Washington state and Idaho this week, killing one adult and critically injuring two children, knocking out power to thousands and compounding the damage already wrought by heavy rains and flooding. Wind gusts reaching up to 85 miles per hour battered Pullman, Washington and the Idaho … Read more
Mike Mathews Marsh McLennan, headquartered in New York City, appointed Mike Mathews as global digital infrastructure leader. Based in Boston, Mathews brings over 25 years of specialized industry experience to this newly created position, having worked with companies and investors across key sectors, including data centers, advanced computing, digital mining, renewable energy, wireless networks and … Read more
The former co-leader of a collapsed Georgia savings and loan, a lending firm that is now the subject of state and federal Ponzi scheme investigations, has been granted an insurance producer’s license in the state. Edwin Brant Frost V, who previously worked at First Liberty Building & Loan with his father, now is a licensed … Read more
Former Nascar driver Greg Biffle and his family are believed to have died when their Cessna Citation corporate jet crashed just minutes after taking off from a regional airport in North Carolina. “Although the post-crash fire prevents us from releasing a definitive list of the occupants at this time, it is believed that Mr. Gregory … Read more
Erin Geter’s toddler son became trapped inside her Tesla in May when the electric doors lost power. A few weeks later, she was at a Honda dealership buying a new family car. “I was very traumatized,” said the 39-year-old from Huntersville, North Carolina. These days, she prefers to transport her kids in the CR-V, which … Read more
Vantage Group Holdings Ltd., the privately held specialty re/insurer, has entered into a definitive agreement to be acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The Vantage deal, which is expected to close in the second quarter of 2026, aims to support the transformation of HHH, a real estate development firm, into … Read more
Apollo Global Management Inc. is building out its risk review process to reflect the impact on asset valuations of extreme weather. The decision comes amid a rise in the damage done to physical assets by floods, storms and wildfires. Apollo, which has been conducting so-called top-down analyses for such risks since 2023, is now broadening … Read more