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FTX Sues Binance and Its Former CEO for $1.8B

1 week 2 days ago
Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was “fraudulently transferred” by FTX management to Binance and its executives. The lawsuit relates to Binance’s sale of its stake in Sam Bankman-Fried’s …

Progressive to End Offering Dwelling Fire Insurance

1 week 2 days ago
Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer late last week said the decision to discontinue writing the coverage, often dubbed “landlord insurance,” for non-primary …

Inszone Acquires Nugent Insurance Brokers in California

1 week 2 days ago
Inszone Insurance Services acquired Nugent Insurance Brokers LLC in Chico, California. Valerie and Tom Nugent Jr., and Tom Jr.’s daughter, Marissa, will remain with Inszone. Nugent Insurance will also expand into personal lines by gaining access to Inszone Insurance’s markets …

North Dakota Voters Reject Marijuana Legalization

1 week 6 days ago
North Dakota voters defeated a measure calling for the legalization of recreational marijuana. The outcome of the proposal wasn’t clear until Wednesday morning. North Dakota is one of a handful of states, including Florida and South Dakota, where recreational marijuana …