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09, 2015
Armstrong Settles with Dallas Insurer Over Tour de France Bonuses
Lance Armstrong settled a cycling promotion court fight on confidential terms but still has a lawsuit over a U.S. Postal Service sponsorship to contend with. Armstrong settled two related lawsuits with SCA Promotions Inc. over claims the former champion cyclist’s …
27
09, 2015
5 Veteran Missouri Insurance Regulators Appointed to New Roles
Missouri Department of Insurance Director John M. Huff has appointed five veteran regulators to new and expanded leadership roles. Angela Nelson, director of the Market Regulation Division, has been tasked with the additional responsibility of chief industry liaison where she …
29
09, 2015
Hardy Pickering Promoted to Chief Financial Officer of Hamilton Re
Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that Vanessa Hardy Pickering has been promoted to the position of chief financial officer of Hamilton Re. Hardy Pickering, who …
27
09, 2015
Cardiologist in Ohio Convicted of Overbilling Insurers $7.2M
A federal court jury in Cleveland, Ohio, has convicted a cardiologist of ordering unnecessary medical tests, performing unnecessary procedures and submitting fraudulent bills totaling $7.2 million. Fifty-six-year-old Harold Persaud of Westlake was convicted of one count of health carefraud, 13 …
28
09, 2015
Governments Make Pledges on Climate to Curb Temperature Rise – Study
National promises to curb greenhouse gas emissions will help avert the worst levels of global warming by 2100, but more action is needed to keep temperature rises within the 2 degrees Celsius [3.6°F] limit set by governments, a study showed …
25
09, 2015
Munich Re, Marsh Introduce Pharma Coverage for Regulatory Actions
Munich Re and Marsh & McLennan Cos., the largest insurance broker by market value, introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend manufacturing. The product would cover as much as $10 …
29
09, 2015
North Carolina Man Arrested for Forging Insurance Documents
North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Jonathan Russell Marcus, 53, of Charlotte. Marcus is charged with one count each of forgery of an instrument and obtaining property by false pretense. North Carolina Department of Insurance (NCDOI) …
25
09, 2015
Insurance Wholesaler Socius Names 3 to Leadership Posts
Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, announced three changes to its leadership team. According to Patrick E. Hanley Sr., president of Socius, the changes are: Greg Miller of the Miami Beach, Florida office has accepted …
28
09, 2015
Mass. AG: Encompass to Pay for Repair of Vehicles Brought to Unregistered Shops
A subsidiary of Allstate has agreed to pay for the correction of faulty repair work performed on motor vehicles brought to unregistered body shops in Massachusetts, Attorney General Maura Healey announced on Sept. 24. The assurance of discontinuance with Encompass …
25
09, 2015
Great American Insurance Names Niehaus Property/Casualty Sr. VP
Great American Insurance Group based in Cincinnati, Ohio, has named James (Jim) R. Niehaus was named senior vice president and chief information officer of its Property and Casualty Group. Niehaus joined the Great American in 2007 as divisional assistant vice president …