August 22, 2017
Tue, 22 Aug 2017 05:32:26 +0000
Illinois Attorney General Lisa Madigan has reached a $4.5 million settlement with an Arizona-based pharmaceutical company that her office sued for deceptive marketing of an opioid drug meant for cancer patients. Madigan said Insys Therapeutics Inc. “pu...
Tue, 22 Aug 2017 05:24:17 +0000
President Donald Trump has made federal funding available residents in four West Virginia counties dealing with severe flooding, landslides and mudslides. The Federal Emergency Management Agency announced the money is available for people in Harrison, ...
Tue, 22 Aug 2017 05:15:05 +0000
An investigation led by the Florida Department of Financial Services (DFS) Bureau of Insurance Fraud has led to the arrest of a Miami insurance agent for attempting to evade a higher insurance premium for his assisted living facility (ALF) client. …
Tue, 22 Aug 2017 05:09:26 +0000
Louisiana’s flood recovery board agreed on Aug. 18 to Gov. John Bel Edwards’ plan to widen eligibility for a homeowner aid program by including those whose flood insurance proceeds didn’t cover their rebuilding costs. Grant amounts for some homeowners ...
Tue, 22 Aug 2017 04:46:45 +0000
A judge has approved a $250,000 settlement between Clemson University and the family of a student who died during a fraternity pledge run nearly three years ago. Judge Robin Stilwell on Thursday approved the deal that Clemson reached with Tucker …
Mon, 21 Aug 2017 19:34:54 +0000
Greenberg Traurig LLP has added insurance regulatory attorney John A. Sebastinelli as shareholder to its policy and insurance regulatory and transactions practices in the firm’s San Francisco, Calif. office. Sebastinelli’s practice focuses primarily on...
Mon, 21 Aug 2017 16:57:32 +0000
Brightway Insurance Co-Founder and Chairman David Miller has announced he will transition to executive chairman and Michael Miller, formerly vice chairman and co-founder, will take over as chairman of the Florida-based company. David Miller announced t...
Mon, 21 Aug 2017 16:50:15 +0000
Seeman Holtz Property & Casualty Inc. has acquired Agency Acquisitions LLC, headquartered in Arlington, Texas. Agency Acquisitions specializes in trucking insurance. Seeman Holtz said the acquisition will add a niche service to its portfolio and broade...
Mon, 21 Aug 2017 16:28:24 +0000
A Payne County judge has distributed $100,000 in insurance money to victims of a 2015 homecoming parade crash at Oklahoma State University that killed four people and injured dozens more. Associate District Judge Stephen Kistler was tasked with decidin...
Mon, 21 Aug 2017 16:20:05 +0000
Unleashing the invisible hand that has been missing from the flood insurance market for nearly 50 years is no easy task. But private flood insurance experts say the change would be a good thing not only for private flood insurers …
Mon, 21 Aug 2017 16:18:35 +0000
Two Omaha contractors are expanding a legal strategy they say forces insurance companies to pay for storm damage, but industry officials say the practice leads to exaggerated claims and may drive away insurers. Home repair contractors Steve Shannon and...
Mon, 21 Aug 2017 16:13:19 +0000
A former employee in Kansas Secretary of State Kris Kobach’s office alleges in a lawsuit headed to trial on Aug. 21 that she was fired because she didn’t go to church enough. Kobach — who until the middle of 2016 …
Mon, 21 Aug 2017 16:08:54 +0000
Louisiana residents who had damage from last summer’s widespread flooding have two weeks to submit the proof of loss form required for a flood insurance claim. FEMA says more than 29,600 claims have been filed with the National Flood Insurance …
Mon, 21 Aug 2017 16:07:43 +0000
Self-driving cars will begin taking test laps this December on the site of a famous World War II airplane factory in Michigan where Rosie the Riveter helped produce a shiny B-24 Liberator bomber every hour more than seven decades ago. …
Mon, 21 Aug 2017 16:05:16 +0000
DOXA Insurance Holdings LLC, a Midwest-based private equity investment firm acquiring medium to small managing general agencies (MGAs), has appointed Kevin Wall as the company’s new chief financial officer (CFO). A CPA, Wall’s prior experience includes...
Mon, 21 Aug 2017 15:08:58 +0000
Evacuation orders affecting hundreds of people were issued in California and Oregon as wildfires neared small towns, including one that’s a prime location for viewing the eclipse. About 600 residents were told to leave the tourist town of Sisters, Oreg...
Mon, 21 Aug 2017 15:06:06 +0000
A magnitude 4.1 earthquake hit off the coast of the Big Island of Hawaii, the U.S. Geological Survey’s Hawaii Volcano Observatory confirmed. The USGS reported that the earthquake struck at 8:35 p.m. Friday about 66 miles northeast of the town …
Mon, 21 Aug 2017 14:23:57 +0000
Sold out hotels, viewing parties and special media coverage will culminate today, when a total solar eclipse will be visible across the entire U.S. But along with the excitement comes safety concerns, according to various government agencies. The Feder...
Mon, 21 Aug 2017 13:35:41 +0000
A woman who was critically injured when an air cannon exploded during a Delaware pumpkin-launching competition has filed a federal lawsuit against event organizers and participants, state officials and Discovery Communications. Suzanne Dakessian claims...
Mon, 21 Aug 2017 13:31:40 +0000
Two men have pleaded guilty to defrauding New Jersey and health insurers out of $25 million by submitting claims for unneeded prescriptions. Matthew Tedesco and Robert Bessey pleaded guilty on Thursday to conspiracy to commit health care fraud. Authori...
Mon, 21 Aug 2017 13:14:10 +0000
U.S.-based data analytics firm Verisk Analytics Inc. has agreed to acquire London-based insurance and software specialist Sequel from private equity firm HgCapital and other Sequel shareholders. Sequel specializes in software that “creates instant, int...
Mon, 21 Aug 2017 13:02:33 +0000
Five years after Superstorm Sandy devastated towns along the New Jersey shore, Sen. Bob Menendez and Rep. Frank Pallone want changes made to federal flood insurance they said will fix a system that often failed beleaguered homeowners. Speaking Thursday...
Mon, 21 Aug 2017 11:25:23 +0000
JLT Re, the London-based reinsurance broker and consultancy, has appointed Nicolas Bardon as a partner in JLT Re’s Bermuda operation reporting to Guy Hengesbaugh. Bardon will work closely with Gary Reynolds and others on the industry loss warranty team...
Mon, 21 Aug 2017 11:16:41 +0000
Indian initial public offerings are headed for a record year, as a rush of insurers seek to ride a rally in the local market and tap increasing investor demand for financial assets. At least four Indian insurers are aiming to …
Mon, 21 Aug 2017 11:00:34 +0000
Darwin Lucas has joined Everest Reinsurance Co. as vice president and head of U.S. Casualty Programs for all general casualty and professional liability lines of coverage within the Facultative Reinsurance division. He will be managing the division’s p...
Mon, 21 Aug 2017 11:00:22 +0000
A federal jury has cleared Bayer AG and Johnson & Johnson of liability in the third case to go to trial out of thousands of lawsuits claiming the drugmakers’ blood thinner Xarelto led to severe internal bleeding. The verdict in …
Mon, 21 Aug 2017 10:42:19 +0000
QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to the creation of two separate divisions …
Mon, 21 Aug 2017 06:49:46 +0000
In testimony on Capitol Hill in early August, Oklahoma Insurance Commissioner John Doak told federal lawmakers that fraud across all lines of insurance costs the industry an estimated $80 million to $100 million annually. Testifying on insurance fraud ...
Mon, 21 Aug 2017 05:00:41 +0000
Add today’s total eclipse of the sun to the list of worker distractions that cost U.S. companies hundreds of millions of dollars in lost productivity. American employers will see at least $694 million in missing output for the roughly 20 …
Mon, 21 Aug 2017 05:00:09 +0000
The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too …