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Privilege Underwriters Inc., the holding company for the PURE Group of Insurance Companies, including the member-owned Privilege Underwriters Reciprocal Exchange (PURE), said it is recapitalizing with equity investments from funds managed by private equity firm Stone Point Capital, investment firm …

The article High-Net Worth Insurer PURE Group Recapitalizes with Stone Point Capital, KKR appeared first on Insurance Journal.

Indemnity benefits per claim with more than seven days of lost time in Georgia were among the highest of the 17 study states and the main contributor to the higher total costs per claim in the state, according to a …

The article WCRI: Georgia Workers Comp Indemnity Benefits Key Cost Contributor appeared first on Insurance Journal.

Swiss Re AG Chief Investment Officer Guido Fuerer said the world’s second-biggest reinsurer would invest as much as 5 percent of its funds in infrastructure if securities used to fund projects were more easily tradeable. “The fact that we have invested …

The article Swiss Re to Expand Infrastructure Investments: Chief Investment Officer appeared first on Insurance Journal.

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their World …

The article World Cup Insurers Face Many Claims, Disputes Over Russia, Qatar appeared first on Insurance Journal.

A Miami home health company has agreed to pay $17 million for allegedly paying doctors to refer Medicare patients. Department of Justice officials said the settlement with Hebrew Homes Health Network Inc. is the largest involving alleged violations of the …

The article Miami Home Health Company Settles Medicare Fraud Scam for $17M appeared first on Insurance Journal.

A decade-old lawsuit in which New York accused former American International Group Inc. Chief Executive Maurice “Hank” Greenberg of accounting fraud will head to the state’s highest court for a second time, likely delaying for several months a trial that …

The article Greenberg Wins Delay as Reinsurance Suit Sent to New York’s Top Court Again appeared first on Insurance Journal.

Narragansett Bay Insurance Company (NBIC) in Pawtucket, Rhode Island, hired Todd Fought as assistant vice president – New Jersey territory manager. In this position, Fought’s responsibilities will include developing and maintaining partnerships with NBIC’s agents and industry associations, and helping …

The article Narragansett Bay Insurance Hires Fought as N.J. Territory Manager appeared first on Insurance Journal.

New York officials announced Thursday that rideshare firm Lyft has agreed to pay $300,000 in penalties as part of a settlement with state Attorney General Eric Schneiderman and the New York State Department of Financial Services. The $300,000 penalties represent …

The article Rideshare Firm Lyft to Pay $300K in Settlement With New York appeared first on Insurance Journal.

JLT Specialty Insurance Services Inc. (JLT Specialty USA), and Keeper Security, Inc., a password manager and digital vault, have formed a partnership designed to offer clients a tool to protect confidential and private information and improve their underwriting risk profile. …

The article JLT Specialty, Keeper Security Form Client Data Protection Partnership appeared first on Insurance Journal.

Colorado will start prosecuting so-called patent trolls, businesses and individuals who falsely claim to have the rights to an idea or product so they can intimidate inventors and companies into doling out money to settle or avoid lawsuits. A bill …

The article Colorado Law Targets Frivolous Patent Lawsuits appeared first on Insurance Journal.