Insurance Journal
Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault insurance system by submitting more than $3.7 million in fraudulent...
Posted: Dec 12, 2023
The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US authorities bolsters its own case against the world’s biggest crypto exchange. Despite not being p...
Posted: Dec 12, 2023
The seamless inclusion of insurance coverage within the point of sale (POS) experience is emerging as a critical development within the insurance industry. Embedded insurance, often referred to as POS insurance, is rapidly establishing itself as a fu...
Posted: Dec 12, 2023
Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain household essential items, amid a wider crackdown on greenwashing. The Competition and Markets Author...
Posted: Dec 12, 2023
California is facing a record $68 billion budget deficit, state officials announced, forcing hard choices for Democratic Gov. Gavin Newsom in his final term as he works to build his national profile. The nation`s most populous state, with an economy...
Posted: Dec 12, 2023
Ukraine’s biggest mobile network operator, Kyivstar, was hit on Tuesday by what appeared to be the biggest cyber attack of the war with Russia so far, knocking out mobile and internet services for millions. Kyivstar has 24.3 million mobile subs...
Posted: Dec 12, 2023
Somali reporter Abdalle Ahmed Mumin was doubly distressed when he heard that a colleague had been abducted by masked gunmen at the University of Mogadishu on the morning of Aug. 17. A fellow journalist was missing and Mumin – the …
Posted: Dec 12, 2023
The amount of funds crypto projects lost to hackers has declined by about half to around $1.7 billion so far this year, amid improved security measures and an uptick in law enforcement actions. Even with any additional hacks in December, …
Posted: Dec 12, 2023
(Bloomberg) — Ron DeSantis rattled corporate America by making Walt Disney Co. a target of his conservative culture wars. Now, the Florida governor’s campaignto rid the state of Chinese influence is fueling a forceful backlash from big-na...
Posted: Dec 12, 2023
NASHVILLE, Tenn. (AP) — Residents of central Tennessee communities slammed by deadly tornadoes this weekend described tragic and terrifying scenes in which one mobile home landed on top of another, roofs were ripped from houses and an entire ch...
Posted: Dec 12, 2023
Auburn, Massachusetts police report they recovered 16 cars within 36 hours of them being stolen from a local auto rental business. Three Boston men have been charged with receiving a stolen motor vehicle and other charges. All of the vehicles …
Posted: Dec 12, 2023
A non-dependent adult child whose father died on the job does not have a right to bring a wrongful death claim against her late father’s employer, the Maryland Appellate Court has ruled. The appeals court affirmed a circuit court that …
Posted: Dec 12, 2023
Elon Musk must face a Twitter investor lawsuit that accuses him of fueling uncertainty about his proposed buyout in an effort to drive down the social media platform’s stock price, a California federal judge ruled. US District Judge Charles Bre...
Posted: Dec 12, 2023
Optio Group, the London-based specialty managing general agent (MGA), announced it has entered into an agreement with a new insurer partner to provide underwriting capacity for political violence and terrorism (PVT) risks. The partner company – AmFir...
Posted: Dec 12, 2023
A fuel tanker was struck by missile as it navigated the Red Sea, the latest in a string of incidents that have turned the area where the attack took place into the world’s riskiest waters. The vessel’s owner said the …
Posted: Dec 12, 2023
Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry. The collaboration combines Hiscox London Market’s recently built technolo...
Posted: Dec 12, 2023
As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days. The storm, supercharged by the warm July waters of the Pacific, delivered Beijing’s worst flooding in more than 50 years,...
Posted: Dec 12, 2023
In the first nine months of 2023, U.S. data breaches increased by 20% compared to the full year 2022, according to a new study that was commissioned by Apple. The iPhone maker paid for the study, which was conducted by …
Posted: Dec 12, 2023
Long before cryptocurrency and Sam Bankman-Fried, the biggest name in corporate fraud was Bernie Madoff. Fifteen years after the FBI arrested Madoff on Dec. 11, 2008 for running a massive Ponzi scheme — and two years after his death in …
Posted: Dec 12, 2023
Mallory Agency, a property/casualty insurance broker based in Atlanta and La Grange, has opened offices in Auburn, Alabama, and Charleston, South Carolina. The move in Charleston was driven in part by market demand in the growing restaurant and hospi...
Posted: Dec 12, 2023
Some patients of a Seattle, Washington-based cancer center received threatening emails following a data breach last month. Fred Hutchinson Cancer Center officials said a Nov. 19 hack hit a portion of the health care system`s clinical network, possibl...
Posted: Dec 12, 2023
Some patients of a Seattle, Washington-based cancer center received threatening emails following a data breach last month. Fred Hutchinson Cancer Center officials said a Nov. 19 hack hit a portion of the health care system’s clinical network, p...
Posted: Dec 12, 2023
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Louisiana Dealer Services Insurance, Inc. (LDS) and it...
Posted: Dec 11, 2023
The Texas Department of Insurance will hold a Meet the Regulator event from 9:00 to 11:30 a.m. on Tuesday, January 16, 2024. Commissioner Cassie Brown starts the event with an agency update in Barbara Jordan Building conference room 2.035. No …
Posted: Dec 11, 2023
A federal investigation into how a 35-year-old worker suffered severe leg burns, degloving of their foot and other injuries after falling into corrosive chemicals in May 2023 has found that an Ohio meat processing plant’s safety failures expose...
Posted: Dec 11, 2023