INSURANCE NEWS
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 medical director for several …
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 position,” …
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 prior years of account. …
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 International Insurance Brokers Ltd. CRG’s …
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 America U.S. Insurance Conference yesterday, …
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 to …
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 …
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 – …
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 …
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 …
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 showing …
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 Joe Biden over …