The Sword Of Damocles Hangs Over Miller Act Sureties And Brokers: Scollick Case Stayed Sixty Days For Mediation, But Outcome Remains Uncertain

legislation

On August 6, 2014, plaintiff-relator Andrew Scollick filed a complaint in the United States District Court for the District of Columbia against eighteen defendants for multiple violations of the False Claims Act (“FCA”) in connection with an alleged scheme to submit bids and obtain millions of dollars in government…

Intact Financial Corporation to acquire leading specialty insurer The Guarantee Company of North America and Frank Cowan Company Limited

Bolsters Intact’s leadership position in Canada

Brings Intact’s North American specialty lines platform close to its $3 billion annual Direct Premiums Written objective

    • Adds attractive surety business and expertise on both sides of the border
      Enhances specialty lines with public entity capabilities and adds an MGA to the platform
      Expands Intact’s personal lines…

  • Nevada Crypto ATM Operators Now Require Money Transmission License

    Nevada’s regulatory stance on cryptocurrency kiosks has shifted, now requiring a state money transmission license

    Speaking with CoinDesk, BitAML Senior Advisor Annelise Strader said Nevada abruptly and without announcement changed its regulatory stance on cryptocurrency kiosks.

    Following the last legislation session closing in May without passing a proposed cryptocurrency bill, Strader…

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