Mass. Mayor Charged With $1.5M COVID-19 Loan Fraud
The mayor of Lawrence, Massachusetts, faces federal charges for allegedly obtaining more than $1.5 million in COVID-19 small business loans and using the money to fund his campaign coffers, pay his taxes, and ... (more story)
Fla. Justices To Weigh Mandatory Arb. In Last-Resort Policies
The Florida Supreme Court is set to review an arbitration process that is mandated in many policies issued by the state's insurer of last resort and has been found to disfavor policyholders, a step that policy... (more story)
NYC Appeal Can't Lift 2nd Home Tax Pause, Homeowners Say
New York City will be in contempt of court if it continues with the rollout of its tax on high-value second homes that a judge temporarily paused, an attorney for homeowners challenging the tax said, arguing t... (more story)
Fried Frank Guides €182M Financing For Dublin Portfolio
Macquarie Group's Macquarie Capital Principal Finance and investment firm Affinius Capital have committed €182 million, or $210 million, in preferred equity for a Dublin build-to-rent portfolio in a deal guide... (more story)
State Farm Attys Admit Filing Motions Full Of AI Hallucinations
A law firm representing State Farm has admitted that its pretrial motions contained citations to nonexistent cases and legal quotes, errors that were seemingly "hallucinations" generated by AI software designe... (more story)
Carrier Growth Comes At Insureds' Expense, Report Shows
A first-of-its kind report shows a strong insurance market and rising profits. At their same time, premiums have headed up across every U.S. region since 2018.
Fla. Homeowners Settle Faulty Construction Suit For $26.5M
Homeowners at a 10-unit luxury townhome community in Winter Park, Florida, have resolved a construction defect suit against developer Hill/Gray Seven LLC and other parties for $26.5 million, according to Pursi... (more story)