Insurance Journal

Doctor Headed to Prison After Extensive Hospice Fraud in Mississippi

A Mississippi physician has been sentenced to five years in prison for healthcare fraud connected to hospice operations in the state’s impoverished Delta region. Federal prosecutors said Dr. Scott E. Nelson, 58, of Cleveland, Mississippi, was m...

Posted: Feb 15, 2023

In Cyber Insurance, Experts Say Employee Curiosity Can Kill the Catastrophe

One of the most important things insurance companies and employees alike can do to achieve success is stay curious, experts said on this episode of The Insuring Cyber Podcast. “Make curiosity a sought after quality when interviewing for any pos...

Posted: Feb 15, 2023

RiverStone Completes Reinsurance-to-Close with MS Amlin, Largest in Lloyd’s History

RiverStone International, a leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Ltd. to provide MS Amlin Syndicate 2001 with a reinsurance-to-close (RITC) of the 2018 and...

Posted: Feb 15, 2023

Caribbean Risk Group Launches in London, Partners With Lloyd’s Broker Ramon Int’l

Caribbean Risk Group LLC. (CRG), the U.S. Virgin Islands-based insurance agency, announced the launch of its London operations, CRG International Ltd. The brokerage in London will act as an appointed representative of Lloyd’s broker Ramon Inter...

Posted: Feb 15, 2023

Why Not Go Direct on Homeowners, Allstate CEO Asks

When Allstate’s chief executive officer looks at potential growth opportunities for personal lines insurers, he sees an untapped part of the homeowners insurance market—customers that will buy home insurance online. Speaking at the Bank of Amer...

Posted: Feb 15, 2023

Markets/Coverages: Brit Renews and Expands Flagship Cyber Consortium

Brit Ltd. announced the renewal and planned expansion of its leading cyber consortium, Brit Cyber Attack Plus (BCAP), a cyber product designed to protect clients from the impact of physical damage arising from cyber-attacks. BCAP offers limits of up...

Posted: Feb 15, 2023

AXIS Capital Commits to Greenhouse Gas Reduction Goals

AXIS Capital Holdings Ltd. announced its commitment to a 50% absolute reduction of Scope 1 and 2 greenhouse gas (GHG) emissions by 2030 across its global operations. The action is the company’s latest step in its ambition to transition to &#823...

Posted: Feb 15, 2023

German Court Dismisses Greenpeace-Led Climate Case Against VW; Plaintiffs to Appeal

A regional court in Germany has dismissed a case led by Greenpeace against Volkswagen calling on the carmaker to tighten its carbon emissions targets, the company and the climate group said in separate statements on Tuesday. The three plaintiffs &#82...

Posted: Feb 15, 2023

Cyclone’s Destructive Path Through New Zealand Kills at Least Four People

Four people are dead and there are concerns for others who are missing on New Zealand’s North Island as emergency services struggle to reach isolated communities in the aftermath of Cyclone Gabrielle. The dead include a young person caught in &...

Posted: Feb 15, 2023

Cyclone’s Destructive Path Through New Zealand, Killing at Least Four People

Four people are dead and there are concerns for others who are missing on New Zealand’s North Island as emergency services struggle to reach isolated communities in the aftermath of Cyclone Gabrielle. The dead include a young person caught in &...

Posted: Feb 15, 2023

Scandinavian Airline SAS Hit by Cyber Attack, Affecting App

Scandinavian airline SAS said it was hit by a cyber attack Tuesday evening and urged customers to refrain from using its app but later said it had fixed the problem. News reports said the hack paralyzed the carrier’s website and …

Posted: Feb 15, 2023

Hyundai, Kia Offer Software Upgrade to 8.3 Million Vehicles to Prevent Thefts

Hyundai Motor and Kia Corp. will offer software upgrades to 8.3 million U.S. vehicles to help curb increasing car thefts using a method popularized on TikTok and other social media channels, the Korean automakers said on Tuesday. TikTok videos showin...

Posted: Feb 15, 2023

Fox News Must Face Smartmatic’s Lawsuit Over Election-Rigging Claims

A New York state appeals court rejected Fox News’ bid to dismiss a multibillion-dollar defamation lawsuit accusing the network of falsely accusing an electronic voting systems company of helping rig the 2020 U.S. presidential election to favor...

Posted: Feb 15, 2023

Lawsuits Pile Up Two Years After Winter Storm Uri

HOUSTON — When Cherrilyn Nedd left her uncomfortably cold Summerwood home during the February 2021 winter storm to stay with her in-laws — who had a generator — she never expected that she would return to find the house ruined. …

Posted: Feb 15, 2023

Trial Lawyers Push Back Against Florida Plan for More Insurance Tort Reform

It’s now clear what the regular session of the Florida Legislature will focus on when lawmakers convene March 7: More litigation measures that would bring property insurance-type reforms to automobile and other lines of insurance. The rough out...

Posted: Feb 15, 2023

Former Alfa Agent Named Alabama Deputy Insurance Commissioner

Larry Chapman Jr., recently an agent with Alfa Insurance, is the new deputy insurance commissioner for Alabama. The state Department of Insurance announced that Chapman will fill the spot left vacant by Mark Fowler, who was named commissioner after l...

Posted: Feb 15, 2023

New York City Goes After Landlords as Part of Illegal Pot Shops Crackdown

In a renewed push to snuff out New York City’s thriving illegal cannabis market, Mayor Eric Adams and Manhattan’s top prosecutor announced Tuesday that they would go after landlords who allow hundreds of illicit shops to operate. During a...

Posted: Feb 15, 2023

Washington Contractor Fined $400K for Safety Violations in Fatal Trench Collapse

A Kent, Washington contractor is facing more than $400,000 in fines for safety violations that led to the death of a construction worker last year in Renton. Surjit Gill, 36, was killed when the dirt walls of the trench he …

Posted: Feb 15, 2023

Atlantic City Casino Workers Seek Support for Smoking Ban

Atlantic City casino dealers pushing for a smoking ban received support from several state lawmakers Monday at a long-awaited hearing on a bill that would end smoking inside the nine casinos. Dealers, cocktail servers and other casino workers — some...

Posted: Feb 15, 2023

New Mexico State Cancels Season After Sex, Harassment Allegations

New Mexico State called off the rest of its men’s basketball season Sunday after reviewing a police report that cited three players for false imprisonment, harassment and counts of criminal sexual contact against a teammate. In a statement, cha...

Posted: Feb 14, 2023

Driver in Suspicious Texas Tesla Crash Apparently Moved to Rear Seat

Investigators from the National Transportation Safety Board apparently have solved the mystery of why no one was found behind the steering wheel of a Tesla that crashed in a Texas two years ago, killing two men. The agency said in …

Posted: Feb 14, 2023

Illinois Grain Co-Op Fined $629K After 27-Year-Old Worker Suffers Partial Amputation

An Illinois grain cooperatives’ failure to make sure they followed required safety procedures contributed to how a 27-year-old worker suffered a partial amputation of his right leg when a paddle conveyor was left running when he and two other e...

Posted: Feb 14, 2023

Families of 2018 Texas School Shooting Settle Suit With Ammo Retailer

HOUSTON (AP) – The families of those killed and injured in a 2018 Texas high school shooting have settled a lawsuit they had filed against a Tennessee-based online retailer accused of illegally selling ammunition to the student who authorities say &#...

Posted: Feb 14, 2023

North Dakota Oil Field Explosion Injures One

WILLISTON, N.D. (AP) – One person was severely burned in an explosion and fire at an oil field in western North Dakota, fire officials said. The explosion was reported about 10:30 p.m. Friday at a saltwater disposal site north of …

Posted: Feb 14, 2023

Ransomware Attacks on Industrial Firms Increased by 87% in 2022

Ransomware attacks against industrial organizations increased by 87% in 2022 from the year before, with most malicious software targeting the manufacturing sector, according to findings published Tuesday. Hackers last year targeted mining industries...

Posted: Feb 14, 2023