Fraud Unraveled: In mid-2023, an internal audit uncovered that over $3–4 billion in LOCs supposedly backing reinsurance deals ...

Aon (AON) has faced legal turmoil, with a lawsuit alleging fraudulent practices linked to its Collateral Protection Insurance product impacting the insurance sector and leading to Vesttoo's bankruptcy ...

The suit alleges that Aon “ignored red flags” and encouraged business partnerships despite internal doubts regarding ...

In the latest twist in the long-running Vesttoo saga, where fraudulent collateral was found to be sitting behind reinsurance ...

Aon, the world’s second-biggest insurance broker, is being sued for alleged fraud over its role in marketing a new form of insurance that helped start-ups raise money.

Creditors to Vesttoo’s bankruptcy trust have filed a lawsuit against Aon and China Construction Bank (CCB) alleging ...

The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of ...

A roundup of all the news you need, including Swiss Re's H1 results.

The Vesttoo Creditors Liquidating Trust has filed a lawsuit in the US Bankruptcy Court for the District of Delaware against ...

Described by one litigator as one of the largest and most brazen insurance frauds in corporate history, the latest in the ...

Flood damage is not covered by most homeowners insurance. Here are the best flood insurance companies for standalone coverage.

Many insurers charge for paying your bill in monthly installments. Find out what fees might be hiding in your car insurance premiums.