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29
09, 2015
Florida Man Charged with Fraud, Theft of 4M Pounds of Citrus
State agriculture officials say a Florida man is accused of illegally obtaining more than 4 million pounds of citrus, valued at over half a million dollars, from five different individuals and companies. Agriculture Commissioner Adam Putnam said in a news …
28
09, 2015
Former Mayor of Georgia Town Pleads Guilty to 12 Counts of Insurance Fraud
Former Milledgeville, Ga., Mayor Richard Bentley has pleaded guilty to 12 counts of insurance fraud. Multiple media outlets report that Bentley was sentenced in Baldwin County Superior Court to 10 years probation, given a $2,000 fine and ordered to perform …
28
09, 2015
Duck Boat in Washington Crash Didn’t Have Recommended Fix: NTSB
A duck boat involved in a deadly Seattle traffic crash did not have an axle repair that was recommended for the amphibious vehicle in 2013, the National Transportation Safety Board said. NTSB member Earl Weener said investigators only recently learned …
25
09, 2015
ACE Launches $100M Cyber Security Facility for Large Corporations
ACE Group has launched ACE’s Global Cyber Facility to offer cyber security insurance protection for large corporations. ACE’s Global Cyber Facility provides up to $100 million of primary capacity and incorporates integrated loss control services provided by cyber security experts, …
29
09, 2015
United Dealer Services Launches Admitted Franchised Auto Dealership Program
Program Administrator United Dealer Services, LLC has launched an admitted and fully comprehensive Franchised Auto Dealership Insurance Program available on a wholesale basis to all qualified agents in New Jersey, New York, Pennsylvania and Michigan. In addition to standard package …
25
09, 2015
Car Dealers Sue Volkswagen Over Losses Tied to Diesel Cheating
Independent car dealerships sued Volkswagen AG in California on Thursday over losses they say they will incur following revelations that the company fitted some diesel models with software to cheat on U.S. vehicle emissions tests. The proposed class action was …
28
09, 2015
AmTrust Financial to Buy Texas-Based Insurer, Republic
AmTrust Financial Services Inc. announced that it has agreed to acquire Republic Companies Inc. and its affiliates (Republic) from Delek Group Ltd. and Republic Insurance Holdings LLC. Republic is based in Dallas. The purchase price is approximately $233 million, subject to …
25
09, 2015
New York Regulator Issues 1st Virtual Currency License to Company
New York State regulators have approved their first license to a company dealing in virtual currency such as bitcoin. Circle Internet Financial has outlined security, capitalization, controls against money laundering and other measures intended to protect consumers and root out …
29
09, 2015
Preferred Mutual Hires Butler-Andersen as Field Sales Manager in New York
Preferred Mutual Insurance Company in New Berlin, New York, hired Kindra Butler-Andersen as field sales manager. Butler-Andersen brings more than 22 years of industry experience to Preferred, having most recently worked as regional sales director at a national carrier. Preferred …
28
09, 2015
Chicken Company Recalls 550K Pounds of Products from Mississippi Plant
Sanderson Farms, Inc. is voluntarily recalling 551,090 pounds of chicken products produced at its plant in Hazlehurst, Miss. Officials say a sample of the products analyzed by a customer of the company and the USDA was found to contain foreign …