Pennsylvania Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam

An insurance agent pleaded guilty Thursday in a promissory note scam that bilked nearly 80 clients out of $8.2 million. John Hogan, 77, of Swissvale, Penn., entered his pleas to five counts of mail fraud in the scheme run out …

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Restaurant Owner Sentenced for Setting Fire to His Rhode Island Business

A Massachusetts man has been sentenced to 15 years in federal prison for setting fire to his restaurant to collect nearly $1 million in insurance. The U.S. attorney’s office in Rhode Island says 51-year-old Daniel Saad, of Spencer, was sentenced …

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CNA Results Improved in Q1

CNA Financial Corp. announced first quarter 2017 net income of $260 million and net operating income of $235 million, compared to $66 million and $91 million for the first quarter 2016. Property & Casualty Operations’ net operating income was $268 million for the first …

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Legal Marijuana Stores Linked to Increased Property Crime

Legal marijuana shops are linked to higher levels of property crime in nearby areas, according to a nearly three-year study in Denver. Researchers found that crime isn’t higher in the area immediately surrounding marijuana outlets. But adjacent areas saw about …

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ArgoGlobal Appoints Montellier as Yacht Underwriter

ArgoGlobal announced the appointment of Karen Montellier as yacht underwriter. She takes up the role with immediate effect and will report to Michael Thompson, hull and yacht class underwriter. Montellier brings more than 25 years’ experience in the marine sector to ArgoGlobal. …

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Jury Orders J&J to Pay $20 Million in Vaginal Mesh Case

  Johnson & Johnson was ordered to pay $20 million to a New Jersey woman who blames the company’s vaginal-mesh inserts for leaving her in constant pain as the company prepares for a new wave of trials over the medical …

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Chubb Forms ‘Custom Industry Solutions’ Product, Creates London Region

Chubb announced it has created a “Custom Industry Solutions” product cluster in UK and Ireland, which will bring together its life science, info tech, package and entertainment industry segments. This new product cluster is designed to meet the evolving needs …

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