Insurance Journal

Brothers in Fraud: Carolina Insurance Agents Plead Guilty to Ponzi Scheme Charges

Two brothers, longtime insurance agents in Whiteville, North Carolina, are on their way to several years in prison after pleading guilty to running a Ponzi scheme that defrauded friends, family and other members of the community. “The level of...

Posted: Feb 09, 2023

Swift Named VP at ATF Medical, a Workers’ Comp Rehab Equipment Supplier

Brendan Swift, recently with Elevance Health, has been named vice president for payer partnerships and marketing with ATF Medical, a national provider of rehabilitation equipment and housing solutions for the workers’ compensation industry. ATF...

Posted: Feb 09, 2023

Baltimore Orioles CEO, Brother End Legal Fight Over Team

Baltimore Orioles CEO John Angelos and his brother Lou have agreed to end their fight over a lawsuit in which Lou accused John of seizing control of the team in defiance of their father Peter’s wishes. Lou Angelos sued John …

Posted: Feb 09, 2023

Takeaways from Our Conversation on Cannabis Captives

If you ask around about cannabis captives, you won’t find out much. It turns out there are few if any captives for cannabis companies. However, as the industry matures, interest in forming captives is sure to grow, and some brokers …

Posted: Feb 09, 2023

People Moves: CIWA Names New President, Vice President and Board for 2023/24

The California Insurance Wholesalers Association named four new members of the board of directors and promoted two current members to top leadership roles. New officers of the executive board include: John Donahue, president of M.J. Hall & Co., w...

Posted: Feb 09, 2023

Few California Workers’ Comp Treatment Request Denials Overturned

Few medical treatment denials in California workers’ compensation were overturned last year, a review released on Wednesday shows. The California Division of Workers’ Compensation posted an annual report on the department’s Independ...

Posted: Feb 08, 2023

People Moves: Texas Mutual Names Ward President and CEO

Texas Mutual Names Ward President and CEO Texas Mutual Insurance Company—the state’s leading provider of workers’ compensation insurance—has named longtime employee and Chief Operating Officer Jeanette Ward president and chief executive o...

Posted: Feb 08, 2023

People Moves: Generali’s GC&C Promotes 3 for German Team; Lockton Re Taps AXIS’ Silley for Cyber Pra...

This edition of International People Moves details appointments at Generali Global Corporate & Commercial, Lockton Re and Aon. A summary of these new hires follows here. Generali Global Corporate & Commercial Promotes 3 for German Leadership...

Posted: Feb 08, 2023

Insurance 101: Do Your Customer Service Representatives Need a License?

This post is part of a series sponsored by AgentSync. Customer service representatives working in the insurance industry provide a valuable connection between policyholders and insurance providers. Great customer service is key to an agency, carrier,...

Posted: Feb 08, 2023

North Dakota Governor Signs Law Expanding Workers’ Comp for Police Officers, Firefighters

Gov. Doug Burgum signed a bill this week that will expand workers’ compensation coverage for full-time firefighters and law enforcement officers. Currently, a full-time firefighter or law enforcement officer who is injured must have worked cont...

Posted: Feb 08, 2023

ACLU Settles Pair of Lawsuits of Police Abuse Cases in Louisiana

NEW ORLEANS (AP) – A civil rights group in New Orleans is pointing to two federal lawsuit settlements as examples of how civil litigation can hold police accountable for violent tactics in the wake of Tyre Nichols’ death in Memphis. …

Posted: Feb 08, 2023

‘Citizens’ Web Site Not Affiliated with Florida Insurer, Takes Users to Auto Quote Site

Investigators with Citizens Property Insurance Corp. are looking into a website that looks a lot like Florida’s largest property insurance carrier. When internet users click on CitizensInsuranceFlorida.com, they are taken to an insurance quote-...

Posted: Feb 08, 2023

Nearly 60 Hair Relaxer Lawsuits Against L’Oreal, Others Consolidated in Federal Court

Nearly 60 lawsuits claiming hair relaxer products sold by L’Oreal USA Inc and other companies cause cancer and other health problems will be consolidated in Chicago federal court, according to a Monday order from the Judicial Panel on Multidist...

Posted: Feb 08, 2023

Criminal Attorney Signs on to Represent Houston Hurricane Claim Filing Law Firm

Houston, Texas-based McClenny Moseley & Associates hired a criminal defense lawyer after being sanctioned last week by a federal judge in New Orleans for filing lawsuits on behalf of a homeowner it did not represent. On Tuesday, the law firm &#82...

Posted: Feb 08, 2023

Ohio Residents Kept Out as Air Checked Near Derailed Train

EAST PALESTINE, Ohio (AP) – It’s unclear when evacuated residents might be able to return home to the area where officials released and burned toxic chemicals from the wreckage of a derailed train, Ohio Gov. Mike DeWine said Tuesday. Residents...

Posted: Feb 08, 2023

Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal

Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 billion. As part of the agreement, Argo shareholders w...

Posted: Feb 08, 2023

Hurricane Irma Deaths at Florida Nursing Home: Accident or Manslaughter?

A Florida nursing home administrator charged with causing the overheating deaths of nine patients after Hurricane Irma in 2017 went on trial Monday, with a prosecutor calling him a “captain who abandoned ship” while his attorney said he&#...

Posted: Feb 08, 2023

California Fines Online Health Provider $3.2M over Claims Practices

The Pill Club Holdings Inc. (dba The Pill Club) paid $3.2 million after the California Department of Insurance alleged it violated the California Insurance Frauds Prevention Act by submitting false claims to insurance companies for reimbursement for...

Posted: Feb 08, 2023

Lawmakers Focus on Aviation Safety After 2 Near-Miss Crashes

The U.S. Congress needs to address serious concerns about the country’s aviation system after recent incidents including two near miss crashes and the failure of a key pilot computing system, lawmakers said on Tuesday. “Right now the alar...

Posted: Feb 08, 2023

New York City Ending Covid-19 Vaccination Mandate for City Employees

New York City, which once had the nation’s strictest workplace vaccination rules for COVID-19, is ending one of its last such mandates, saying it will no longer require the shots for municipal employees including police officers, firefighters a...

Posted: Feb 08, 2023

Funeral Home Finds Woman Alive Hours After Nursing Home Pronounced Her Dead

An 82-year-old woman was pronounced dead at a New York nursing home but found to be breathing three hours later at the funeral home where she had been taken, authorities said. The woman was pronounced dead at Water’s Edge Rehab …

Posted: Feb 08, 2023

Earthquakes Deliver Another Blow to Turkey’s Re/Insurance Industry: Reports

Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow to the local re/insurance industry, according to commentaries from AM Best and GlobalData. While it is likely that international reinsurance markets will pi...

Posted: Feb 08, 2023

Thwarted Plot to Attack Baltimore Power Grid Part of Growing Domestic Terrorism: Feds

A Maryland woman spent months conspiring with a neo-Nazi leader based in Florida to plan an attack on Baltimore’s power grid, hoping to further their racist mission, law enforcement officials said Monday. The plan was thwarted when both suspect...

Posted: Feb 08, 2023

Samsung Chip Plant Sues Insurer Over $400 Million in Storm Damage Claims

A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed Monday against Factory Mutual Insurance Co. said &#823...

Posted: Feb 08, 2023

Judge Upholds Punitive Damage Award in Prison Strip Search

A judge rejected a challenge on Monday by Delaware’s Department of Correction of a jury’s $15,000 punitive damage award to an inmate who was mistreated by a former prison guard during a strip search. The judge upheld the jury’s Nove...

Posted: Feb 08, 2023