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07, 2015
Utah Agent Sentenced to Prison and $1.3M in Restitution
Utah insurance agent Brent Hilton was sentenced to serve one to 15 years in prison and has been taken into custody from the Third District Court in West Jordan. Hilton pled guilty to one count of pattern of unlawful activity …
The article Utah Agent Sentenced to Prison and $1.3M in Restitution appeared first on Insurance Journal.
8
07, 2015
UK Chancellor of Exchequer Angers Insurers by Raising Premium Tax
UK Chancellor of the Exchequer George Osborne angered Britain’s insurance industry by unexpectedly increasing a tax on policy holders that is expected to raise an extra 1.8 billion pounds ($2.8 billion). The insurance premium tax will be increased to 9.5 percent …
The article UK Chancellor of Exchequer Angers Insurers by Raising Premium Tax appeared first on Insurance Journal.
8
07, 2015
New York Stock Exchange Reopens After Nearly 4-Hour Computer Glitch
The New York Stock Exchange began reopening its two equity venues that were shut down for hours today by a computer malfunction. Shares started trading on the New York Stock Exchange, the biggest of the company’s platforms, and NYSE MKT, …
The article New York Stock Exchange Reopens After Nearly 4-Hour Computer Glitch appeared first on Insurance Journal.
8
07, 2015
Berkshire Hathaway’s MedPro Buying Oklahoma Medical Liability Insurer PLICO
Berkshire Hathaway’s MedPro Group has agreed to acquire Oklahoma healthcare liability insurer PLICO Inc., which is owned by the Oklahoma State Medical Association (OSMA). The boards of each entity have approved OSMA’s sale to MedPro of 100 percent ownership of …
The article Berkshire Hathaway’s MedPro Buying Oklahoma Medical Liability Insurer PLICO appeared first on Insurance Journal.
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07, 2015
Corzine, Ex-MF Global Officials Agree to Settle Investor Lawsuit for $64.5M
Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage’s 2011 bankruptcy. The preliminary all-cash settlement with Corzine, who …
The article Corzine, Ex-MF Global Officials Agree to Settle Investor Lawsuit for $64.5M appeared first on Insurance Journal.
8
07, 2015
North Carolina Man Charged with 8 Counts of Insurance Fraud
A Raleigh, N.C., man has been charged with eight counts of insurance fraud, eight counts obtaining property by false pretense, four counts of attempting to obtain property by false pretense and four counts of providing a false statement on an …
The article North Carolina Man Charged with 8 Counts of Insurance Fraud appeared first on Insurance Journal.
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07, 2015
XL Catlin, Financial Risk Services to Offer Coverage for HVAC Contractors
XL Catlin and Financial Risk Solutions, Inc. have entered an exclusive underwriting agreement to offer Chill-Pro contractual liability insurance coverage for heating ventilation and air conditioning (HVAC) contractors in the US. Chill-Pro is a national insurance program that provides service …
The article XL Catlin, Financial Risk Services to Offer Coverage for HVAC Contractors appeared first on Insurance Journal.
8
07, 2015
N.Y. Assembly OKs Bill to Expedite Claims Processes After Disasters
The New York State Assembly recently approved a bill (A04458) that would require insurers to expedite claims investigation and settlement processes after declared disasters and emergencies. Under the legislation, which passed the Assembly on June 17, insurers would be required …
The article N.Y. Assembly OKs Bill to Expedite Claims Processes After Disasters appeared first on Insurance Journal.
8
07, 2015
New Mexico Gets Federal Grants to Help Fight DUI
The New Mexico Department of Transportation will be getting four grants worth more than $365,000 to help prevent drunken driving and improve safety on the state’s roads. The funding will be awarded through the U.S. Department of Transportation’s State Traffic …
The article New Mexico Gets Federal Grants to Help Fight DUI appeared first on Insurance Journal.
8
07, 2015
New York Stock Exchange Suspends Trading, Citing ‘Technical Issue’
The New York Stock Exchange halted trading in all securities as it addressed a computer malfunction and said it canceled all outstanding orders. “We’re currently experiencing a technical issue that we’re working to resolve as quickly as possible,” Marissa Arnold, …
The article New York Stock Exchange Suspends Trading, Citing ‘Technical Issue’ appeared first on Insurance Journal.