INSURANCE NEWS
PCF Insurance Acquires Wisconsin’s Milz Health
PCF Insurance Services has acquired Milwaukee-based Milz Health Group, a full-service health insurance agency providing coverage to Wisconsin Medicare-eligible individuals and coverage through the Affordable Care Act. Milz provides affordable health care coverage for individuals through an integrated suite of …
Judge Approves $56M Settlement Over COVID Deaths in Veterans’ Home in Massachusetts
A federal judge in Springfield has given the green light to a $56 million settlement between the state of Massachusetts and families of 76 veterans who died from COVID-19 while living in the Holyoke Soldiers’ Home in 2020. The families …
FTX’s Bankman-Fried, Celebrity Promoters Sued by Crypto Investors
U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including comedian Larry David, alleging they engaged in deceptive practices to sell FTX yield-bearing digital currency accounts. The proposed class action filed late Tuesday night …
Two Farmers Indicted in Kentucky Crop Insurance Fraud
Two Kentucky farmers and a relative have been indicted for falsifying crop damage and exaggerating the size of their fields in order to reap crop insurance benefits. A federal grand jury last week charged Randall Taulbee and James McDonald, of …
Jury Adds $2.5M in Damages to Rape Verdict as Filmmaker Haggis Vows to Appeal
Oscar-winning screenwriter Paul Haggis was ordered Monday to pay an additional $2.5 million in damages in a rape lawsuit, bringing the total to $10 million for a woman who said he sexually assaulted her nearly a decade ago. While accuser …
Viewpoint: The Metaverse – Hype vs Reality
The hype around the metaverse has been matched by the millions of dollars being invested by big tech and big business. With Walmart recently announcing its entry on the online gaming platform Roblox, the message to B2C and B2B companies …
One County in Florida Took the Brunt of Hurricane Nicole with $522M in Damage
Damages are estimated at more than $522 million in a central Florida coastal county where homes collapsed into the Atlantic Ocean following Hurricane Nicole last week. The damages from the category 1 storm in Volusia County, home to Daytona Beach, …
Ryan Specialty Transactional Risks International Opens Office in Copenhagen
Ryan Specialty announced that Ryan Specialty Transactional Risks International has expanded their presence with an office in Copenhagen, Denmark, which is the business’ fourth office. Transactional Risks International is a part of Ryan Specialty’s Underwriting Managers platform and specializes on …
Psychosocial Barriers Not Uncommon in Workers’ Comp Recoveries
Workers returning to work after an injury can faced various obstacles depending on the nature of their injury and the job, their available benefits and rehabilitation needs, even transportation challenges. Those who help workers know that behavioral issues also get …
Counting the Rising Cost of Climate Change With Top Most Costly Natural Disasters
Climate change has raised the cost of natural disasters, as rising sea levels and drought increase the frequency and severity of flooding and wildfires, insurers and risk modeling experts say. The list of the 10 most expensive events of the …
NFP Acquires Dublin-Based Life & Health Adviser, Tailored Finance Ltd.
NFP, the New York City-based property/casualty insurance broker and consultant, announced the acquisition of Dublin-based health and life insurance adviser, Tailored Finance Ltd. This is NFP’s first healthcare-focused acquisition in the Irish market, expanding its portfolio of services and solutions. …
UK Insurtech, Send Technology, Raises £9 Million to Expand in UK and U.S.
Send Technology Solutions Ltd., the London-based insurtech, announced it has closed a Series A funding investment of £9 million ($10.7 million). The round was led by Venture Capital firm Breega with participation from Mercia and will enable Send to accelerate …