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16 07, 2021

New York Man Arrested for Insurance Fraud Following Criminal Investigation

By | July 16th, 2021|Uncategorized|Comments Off on New York Man Arrested for Insurance Fraud Following Criminal Investigation

A New York man has been arrested for insurance fraud in the second degree following a year-long criminal investigation. On January 28, 2020, the Ellenville Fire Department requested the Ulster County Fire Investigation Unit to respond in Wawarsing, New York, …

16 07, 2021

Delaware Captive Insurance Legislation Signed by the Governor

By | July 16th, 2021|Uncategorized|Comments Off on Delaware Captive Insurance Legislation Signed by the Governor

With Delaware Governor John Carney’s recent signature, the state’s Captive Insurance Division is providing increased flexibility in its offerings to captive insurance companies. Senate Substitute 1 for Senate Bill 36 allows captives to be classified as registered series, offers clarity …

16 07, 2021

Enstar to Repurchase Hillhouse’s Equity Stake, Buys Controlling Interest in Enhanzed Re

By | July 16th, 2021|Uncategorized|Comments Off on Enstar to Repurchase Hillhouse’s Equity Stake, Buys Controlling Interest in Enhanzed Re

Bermuda-based Enstar Group Ltd. announced it has entered into an agreement to repurchase Hillhouse Capital Management’s entire remaining stake in Enstar for $879.3 million. The shares constitute 16.9% of total ordinary shares and 9.4% of voting ordinary shares. The transaction …

16 07, 2021

Elsa-Related Tornado Causes $1 million in Damage in Port Royal, S.C.

By | July 16th, 2021|Uncategorized|Comments Off on Elsa-Related Tornado Causes $1 million in Damage in Port Royal, S.C.

A tornado spawned as Tropical Storm Elsa moved inland across South Carolina caused about $1 million damage to buildings in the Beaufort County town of Port Royal, officials said. At least 44 buildings in the town of 13,000 suffered some …

16 07, 2021

17 More Arraigned in $822K California Auto Insurance Fraud Ring

By | July 16th, 2021|Uncategorized|Comments Off on 17 More Arraigned in $822K California Auto Insurance Fraud Ring

Another 17 defendants were arraigned for their alleged involvement in an organized auto insurance fraud ring in California in which dealers reportedly purchased damaged vehicles and then filed inflated claims and even staged thefts, costing insurers a roughly $822,000 loss. …

16 07, 2021

People Moves: Pinnacol Names Johnson Chief Human Resources Officer; CIBA CEO Marino Stepping with Rheel Named New CEO

By | July 16th, 2021|Uncategorized|Comments Off on People Moves: Pinnacol Names Johnson Chief Human Resources Officer; CIBA CEO Marino Stepping with Rheel Named New CEO

Pinnacol Assurance named Timothy A. Johnson chief human resources officer and vice president of employee services. He replaces Barbara Brannen, who is retiring. Johnson has 30 years of global human resources experience. Most recently, he was in the food industry, …

12 07, 2021

Jury Awards $1.5M to Man Run Over by Washington Police Officer

By | July 12th, 2021|Uncategorized|Comments Off on Jury Awards $1.5M to Man Run Over by Washington Police Officer

Jurors have awarded $1.5 million to a man who was run over by a Tacoma police officer. Emanuel Andrade sued the Police Department, the city and Officer Luke Faulkner, the News Tribune reported. Andrade alleged the officer in 2014 was …

12 07, 2021

Applied Underwriters Acquires Generali’s U.S. Specialty Lines Division

By | July 12th, 2021|Uncategorized|Comments Off on Applied Underwriters Acquires Generali’s U.S. Specialty Lines Division

Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers extended warranty programs and contractual liability insurance services. Applied Underwriters said it will aggregate the specialty lines business into its newly-formed Applied …

12 07, 2021

South Carolina Agency Clears Fired Charleston Police Lieutenant of Misconduct

By | July 12th, 2021|Uncategorized|Comments Off on South Carolina Agency Clears Fired Charleston Police Lieutenant of Misconduct

A South Carolina agency cleared a former Charleston police lieutenant who was fired for alleged misconduct in a case involving a fellow officer accused of striking a handcuffed man. The South Carolina Law Enforcement Training Council determined that Charleston police …

12 07, 2021

Liberty Mutual to Acquire State Auto Group

By | July 12th, 2021|Uncategorized|Comments Off on Liberty Mutual to Acquire State Auto Group

Insurer Liberty Mutual reported that it will acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio. Under the terms of the agreement, State Auto mutual members will become mutual members of Liberty Mutual. Also, Liberty Mutual …