INSURANCE NEWS
California Tow Truck Driver Arraigned on 54 Counts of Insurance Fraud, Assault
Eliu Canales, 43, was arraigned this week on 54 felony counts of insurance fraud, assault with a deadly weapon and reckless driving after a joint investigation by the California Department of Insurance and San Joaquin County District Attorney’s Office found …
A-Rod-Backed Insurtech Ranger Insurance Launches in Arizona
Ranger, an “agent-first insurance technology company,” has launched in Arizona in what is planned as the first state in a multi-state national rollout. Ranger touts itself as an insurtech to elevate the role of the insurance agent with a full-stack …
AccuWeather: California Storms Added $6-8B in Damage and Economic Loss
AccuWeather issued preliminarily estimates on Thursday showing the total damage and economic loss from the series of recent intense storms to hit California to be an additional $6 billion to $8 billion. The recent storms caused deaths, widespread power outages, …
Another Louisiana Resident Sentenced for Conspiring to Stage Auto Accidents
Marvel Francois, a 54-year old of Houma, Louisiana, was sentenced for Conspiracy to Commit Mail Fraud, in violation of Title 18, United States Code, Section 371, arising out of staged automobile accidents with tractor-trailers occurring in New Orleans, announced United …
People Moves: Marsh appoints Stephens US Central Zone Leader
Marsh appoints Stephens US Central Zone Leader Sarah Stephens, Marsh’s current head of cyber for the UK and international, Marsh Specialty, will assume the role of US central zone leader on May 1. Stephens will relocate to Chicago, Illinois, from …
Indiana Lawmaker Sued for Medical Malpractice
INDIANAPOLIS (AP) – A Republican legislator who doubles as an emergency room doctor is being sued for medical malpractice in a patient’s death. The lawsuit alleges that his treatment caused 20-year old Esperanza Umana of Fort Wayne to have a …
25,000 Lawsuits by Today? Florida Plaintiff Firms Rushing to File Before Tort-Reform Bill Signed into Law
The Florida Senate is set to approve a take-no-prisoners tort-reform bill today and it could be signed into law as soon as Friday. The bill, which extends limits on one-way attorney fees, assignments of benefits, and other provisions to most …
Texas Medical Liability Trust Reports Data Privacy Event
Texas Medical Liability Trust (TMLT) provided notice that the company and its affiliates may have been affected by a recent data privacy event. On Oct. 12, 2022, TMLT identified suspicious activity within its environment and took immediate steps to secure …
Markets/Coverages Mosaic Adds Litigation Liability Cover to Professional Lines Offering
Mosaic Insurance has launched litigation liability coverage, offering critical financial protection to policyholders against the risk of adverse legal costs when pursuing litigation or arbitration. Experienced litigation solicitor Sarah Bowden has joined the global specialty insurer’s professional liability division to …
Insurtech Kin Increases Series D Funding Round to $109 Million
Kin, the direct-to-consumer home insurance company, announced it conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022. The investment came from Geodesic Capital, QED Investors, and additional investors, bringing the …
EPIC Insurance Brokers & Consultants Forms Insurance Capital Solutions Group
EPIC Insurance Brokers & Consultants, the San Francisco-based retail property/casualty insurance brokerage and employee benefits consultant, announced the expansion of its Financial Services division with the launch of its Insurance Capital Solutions (ICS) group. The Insurance Capital Solutions group brings …
Actress Utah Ski Collision Trial Brings Doctors to Stand
Doctors are expected to testify this week in a trial about a 2016 ski crash between Gwyneth Paltrow and a retired Utah man suing her and claiming her recklessness left him with lasting injuries and brain damage. On the opening …