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Aon, a major brokering firm, acknowledged that it needed to pay out $197 million to cover settlements related to civil suits leveled against the troubled Israeli insurtech startup Vesttoo. The settlements were related to what were determined to be fraudulent letters of credit used by Vestoo. Aon revealed this in its Q4 2023 report. In […] ....
Vesttoo may be Bermuda's 'largest insurance fraud' ever - The Royal Gazette | Bermuda News, Business, Sports, Events, & Community royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
Intel has been forced to give up on its planned $5.4 billion acquisition of Israel’s Tower Semiconductor, a leading foundry for analog semiconductor solutions. The reason given was the failure to receive the approval of Chinese regulators for the acquisition. And Vesttoo, an Israeli insurtech startup and a unicorn that has been rocked by recent […] ....