AM Best Chief Rating Officer Stefan Holzberger and Director Michelle Baurkot will lead a panel discussion on key issues affecting the insurance industry at the Florida Insurance Market Summit, which is taking place as a series of webinars throughout fall 2020.

Joining Holzberger and Baurkot in the panel session, which will take place Wednesday, Oct. 14, 2020, at 11 a.m. (EDT), is Pat Matthews, head of global rating agency advisory, and Kathleen Armstrong, managing director, both of Aon. Topics to be discussed include insurance industry innovation; the impact of the COVID-19 pandemic on the industry; incorporating stress testing into enterprise risk management and the challenges facing the Florida insurance market. As AM Best’s Chief Rating Officer, Holzberger is responsible for the agency’s global ratings coverage. Baurkot leads a team of property/casualty rating analysts that cover regional personal and commercial lines writers in North America.

The Florida Insurance Market Summit is sponsored jointly by Colodny Fass and Aon. The event’s program is geared toward providing insight on present-day issues affecting insurers in Florida and beyond. To learn more about the Florida Insurance Market Summit, please view the event website.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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In one of the country’s largest coronvirus relief schemes, South Florida rapper and reality star Diamond Blue Smith has been charged and accused of pocketing more than $1 million from a federal loan program for struggling businesses and buying a $96,000 Ferrari with the proceeds.

Smith, 36, a cast member on “Love & Hip Hop: Miami” and a member of the group Pretty Ricky, was arrested this week along with a Pennsylvania tow truck operator for their roles in a $24 million COVID-19 relief fraud scheme.

Smith and Johnson both face federal charges of wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud in the Southern District of Florida. Smith could not be immediately reached for comment.

Eleven other defendants have also been charged in the alleged racket centered in South Florida to bilk the Small Business Administration’s Paycheck Protection Program approved by Congress as part of the CARES Act. It is meant to help businesses struggling from the economic downturn caused by the COVID-19 pandemic.

Federal prosecutors in Miami allege that Smith, also known as “Baby Blue,” obtained $427,000 in a PPP loan through his company, Throwbackjersey.com, by falsifying documents for the SBA loan. A bank approved the loan, which is guaranteed by the SBA. He also allegedly obtain another loan of $708,00 through another company, Blue Star Records LLC.

The FBI’s investigation revealed Smith was allegedly part of a broader scheme involving others who helped filed for the coronavirus relief funds while taking kickbacks.

Jay Weaver writes about bad guys who specialize in con jobs, rip-offs and squirreling away millions. Since joining the Miami Herald in 1999, he’s covered the federal courts nonstop, from Elian’s custody battle to A-Rod’s steroid abuse. He was on the Herald team that won the Pulitzer Prize for breaking

Oct. 7 (UPI) — Federal prosecutors have charged a South Florida rapper of conspiring with others to steal tens of millions of dollars in federal relief funds meant to aid small businesses amid the coronavirus pandemic.

The Justice Department in a release said Diamond Blue Smith, 36, a member of the music group Pretty Ricky, and Tonye C. Johnson, 28, of Flourtown, Pa., have been charged in federal criminal complaints unsealed Tuesday for wire fraud, bank fraud and conspiracy to commit wire fraud and bank fraud.

The complaints said the pair were charged in a scheme involving 11 other defendants, including former NFL wide receiver Joshua Bellamy, to steal $24 million in loans from the Paycheck Protection Program.

The Paycheck Protection Program was included in the $2 trillion CARES Act that President Donald Trump signed in March to help small businesses struggling amid the coronavirus pandemic to keep employees on their payrolls.

Prosecutors said Tuesday that Smith obtained more than $1 million from the program through filing falsified documents on behalf of his two companies, Throwbackjersey.com and Blue Star Records.

Smith is accused of using the ill-gotten funds to buy luxury goods as well as a $96,000 Ferrari, which authorities confiscated Monday when Smith was arrested, the Justice Department said.

The complaint further accuses the rapper of seeking loans on behalf of others in order to receive kickbacks.

Johnson, the owner of Synergy Towing & Transport, is accused of using falsified documents to obtain nearly $400,000 in loans of which he paid a portion of to co-conspirators in the scheme.

According to the Justice Department, the scheme was hatched by Phillip J. Augustin, 51, who was charged in a criminal complaint in July.

The court document states that after Augustin obtained a fraudulent PPP loan for his company Clear Vision

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People save and make investments to improve their quality of life. Nigeria, which is one other country located in African continent has the life expectancy of fifty.9 years (2009 report) and can be traced to the poverty level in the nation. I really like ravens no matter any symbolism or lore. The country took number 139 on the desk of the 184 surveyed nations on that yr which makes it the 45th poorest nation on the earth.

The money which the federal government is to be used to create jobs for the lots is used in creating employment for the residents of different nations by having cash of Africans frozen in foreign banks through political cash embezzlement. The poorest country in Australian continent is Papua New Guinea based on 2013 poverty report of nations.

I like to watch ravens and crows. Ravens are carefully associated with the god Bran. If somebody were to look into back issues of Overseas Affairs (a CFR Publication) it will likely be plain to see that the CFR printed articles a couple of world authorities many occasions.

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A country which is poor normally has low economic activities that go on in it. Financial recession is noticed in Africa as a result of the cash which is for use in promoting the economic system of the continent is shifted by our leaders to different international locations which add to their own economic system.…