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More than 58 million Americans have had packages stolen in the past year, per a recent survey. PorchPals founder James Moore explains the surprisingly tricky math needed to solve the problem. Moore told BI that PorchPals used three separate actuarial teams working independently on the problem to reach a comparable risk profile. AdvertisementOf course, some households experience multiple thefts, and PorchPals estimates the number of stolen packages at around 119 million last year. "In porch theft it's different.
Persons: PorchPals, James Moore, Moore, Lockton, It's Organizations: Actuarial Resources, PorchPal's underwriters, Lloyds, London's, Syndicate Locations: California
Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday. Attorneys for Trump and his co-defendants in the fraud case argued that it was "impossible" for them to secure a complete appeal bond, which would "effectively" require "cash reserves approaching $1 billion." Trump in a deposition last year claimed to have "substantially in excess of $400 million in cash." But Monday's filing nevertheless asserted that obtaining a bond for the full $464 million judgment is unattainable. The defendants had previously offered to post a $100 million bond, less than one-fourth the total judgment, in order to pause James from collecting the penalties during the appeal process.
Persons: Donald Trump, Letitia James, Arthur Engoron, Trump, Gary Giulietti, Giuletti, Giulietti, Trump's, James, Anil Singh, Alina Habba, Chubb, Jean Carroll Organizations: U.S, New York, Trump, Division of Manhattan Supreme, Appeals, New York ., Lockton Companies, U.S . Treasury Department, Trump Organization Locations: New York City, New York, New York . Manhattan, York
Donald Trump Jr. in court for his family's civil fraud trial in New York. AP Photo/Phelan M. EbenhackThe first defense expert witness: a Trump mega-donorThe third defense witness to take the stand, developer Steven Witkoff, was, like Donald Trump, Jr., hardly an objective source of testimony. But on Tuesday he became Trump's first expert witness, in the field of real estate valuation. His multi-billion-dollar brokerage firm, Lockton Companies, earned $1.2 million last year as Trump's insurance broker, he said. He said he didn't have a real estate license — he doesn't need one to be a broker, he explained.
Persons: , Donald Trump, Donald Trump , Jr, Junior, Donald Trump Jr, David Dee Delgado, Christopher Kise, Trump, Kise, Phelan M, Ebenhack, Steven Witkoff, Witkoff, Trump's, Eduardo Munoz Alvarez, Jason Flemmons, Flemmons, James, Flemmons flubbed, Steven Laposa, Laposa, LIV, Timothy A, Clary, Gary Giulietti, Giulietti Organizations: Trump, Service, New, AP, Republican, Woolworth, Supreme, Securities and Exchange Commission, SEC, Getty, Lockton Companies, Zurich Insurance Group Locations: New York, Manhattan, Trump, New Jersey
Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Insurance executive Ron Lockton has purchased a beachfront home outside Santa Barbara, Calif., for $29.948 million, records show.
Florida faces a slew of insurance problems post-Hurricane Ian
  + stars: | 2022-11-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlorida faces a slew of insurance problems post-Hurricane IanDanielle Lombardo, the head of global real estate at Lockton, joins 'Power Lunch' to discuss how Hurricane Ian has exasperated insurance pricing in Florida, the exodus of reinsurers in Florida and ongoing fraud issues in Florida.
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