A former bookkeeper and office manager at a Rhode Island law firm who previously pleaded guilty to embezzling nearly three-quarters of a million dollars from her employer has been sentenced to five years in prison, federal prosecutors said. Sarah Gaulin, …
International reinsurance renewals completed for April 1 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories. Capacity was adequate across the board, and no substantive changes took place in negotiations over …
With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021. Insurance broker Marsh found in a new study that only about 45 percent of customers …
One in four drivers thinks that roads are safer today than they were before the pandemic, yet a growing number of drivers are texting or emailing while driving– in part as more of them feel pressured to be available for …
California’s U.S. senators and nearly two-dozen representatives are asking the Agriculture and Interior departments to transition their agencies to a year-round wildland workforce because blazes are no longer limited to traditional fire seasons. The move would require reclassifying more seasonal …
The mother of a Black 12-year-old boy is seeking damages against a Southern California school district after her son’s teacher went on a half-hour tirade laced with racism and profanity. Katura Stokes filed a damage claim, typically a precursor to …
Insured losses from Australia’s March floods are expected to hit general (or property/casualty) insurers’ underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance rates, according to a report from AM Best. The floods, expected to be …
New Jersey Governor Phil Murphy has announced his nomination of Tracy Thompson as insurance fraud prosecutor. Thompson has led the Office of the Insurance Fraud Prosecutor in an acting capacity since March 2018. Her nomination, which will be formally submitted …
The Arizona House voted this week to give businesses, nursing homes and others a broad shield from lawsuits related to COVID-19. Republicans approved the measure in a 31-29 party-line vote, saying businesses struggled during the pandemic and shouldn’t have to …
Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group in Asia Pacific, with the appointments of Michael Owen and Hussain Ahmad to lead this new operation. The capital pressures …