INSURANCE NEWS
New York Surgeon Pleads Guilty to Participating In $31M Trip-and-Fall Fraud
A New York doctor last week pled guilty to performing unnecessary surgeries as part of a scheme by doctors and lawyers to obtain insurance reimbursements and other compensation from fraudulent trip-and-fall accidents, according to federal prosecutors. A litigation funding company …
Ian Again Shows the Risks and Costs of Living on Barrier Islands
When Hurricane Ian struck Florida’s Gulf Coast, it washed out the bottom level of David Muench’s home on the barrier island of Sanibel along with several cars, a Harley-Davidson and a boat. His parents’ house was among those destroyed by …
Analysis Shows Climate Change Increased Ian’s Rainfall Amounts by 10%
Human-induced climate change, long denied by some elected officials in the states pounded by Hurricane Ian, made the storm’s most extreme rainfall about 10% worse than it would have been without two centuries of greenhouse gas pollution, according to a …
Indonesia Soccer Stampede Kills at Least 131 as Police Use of Tear Gas Questioned
At least 131 people died after police fired tear gas to dispel rioters at a soccer match in Indonesia, triggering a stampede as fans panicked and ending in one of the world’s worst stadium disasters. Questions are being raised over …
Optus’ Parent Company Singtel Assesses Potential Cost of Australia Data Breach
Singapore Telecommunications said on Monday it was assessing the potential cost of a massive cyber-security breach at its Optus arm, Australia’s second-largest telco, 12 days ago. In its second comment on the breach of private data from 10 million accounts, …
Generali Weighs Deal With U.S. Asset Manager Guggenheim Partners
Assicurazioni Generali SpA is exploring a deal with US investment firm Guggenheim Partners to bolster its asset management business, according to people familiar with the matter. Italy’s biggest insurer has held informal talks on options ranging from a full acquisition …
Peloton, Lululemon Settle Lawsuit Over Women’s Apparel Line
Peloton Interactive Inc. has reached a settlement of a lawsuit in which Lululemon Athletica Inc. accused the exercise bike maker of infringing its patents by developing a line of apparel for women. Without admitting wrongdoing, Peloton has agreed to phase …
Judge Dismisses Mexico Lawsuit Against Gun Manufacturers
A U.S. federal judge on Friday dismissed a lawsuit brought by the Mexican government against U.S. gun manufacturers arguing their commercial practices has led to bloodshed in Mexico. Judge F. Dennis Saylor in Boston ruled Mexico’s claims did not overcome …
Confie Acquires CoWest Insurance Group in Colorado
Confie acquired Colorado-based CoWest Insurance Group and the firm’s 30 insurance agency network. The acquisition underscores Confie’s plans to create an insurance agency network for independent agents within their national brand, InsureOne. CoWest will continue to operate under its current …
Ian Storm Surge Devastated Part of Florida, But Many Without Flood Coverage
FORT MYERS, Fla. – Dave Lusk, who lives on San Carlos Island, sandwiched between Fort Myers and devastated Fort Myers Beach, Florida, told the story of how his daugther and her family decided to ride out Hurricane Ian in their …
Takeaways from Our Conversation on Cannabis Risk Management
Some organizations view risk management as merely slowing down and planning before proceeding, while others make it a key organizational building block. Risk management in the cannabis industry is still new, and underdeveloped, according to one expert on the topic. …
Jurors to Decide Damages Amount in Sandy Hook Defamation Suit
After watching days of testimony that included the parents of slain children breaking down on the witness stand, a Connecticut jury soon will have the difficult task of coming up with a dollar amount that conspiracy theorist Alex Jones should …