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16
06, 2015
Former QBE Insurance Executive, Consultant Charged with Embezzling $2.6M
A former QBE Insurance Group Ltd. executive and an accomplice embezzled $2.6 million by submitting phony invoices in which the name of the chief financial officer was forged, according to U.S. prosecutors. James J. Shea, a former QBE vice president …
The article Former QBE Insurance Executive, Consultant Charged with Embezzling $2.6M appeared first on Insurance Journal.
15
06, 2015
UK’s Allianz Commercial Promotes Higham to Property Account Manager
Allianz Commercial has announced the promotion of Paul Higham to the position of property account manager. Higham’s appointment is the third appointment made in the newly aligned property and casualty team, said the company, which is a division of Allianz …
The article UK’s Allianz Commercial Promotes Higham to Property Account Manager appeared first on Insurance Journal.
17
06, 2015
Ex-Employee at Houston Store Gets Prison for Insurance Fraud
An ex-claims worker at a Houston decor store has been sentenced to more than seven years in prison and must repay $2 million in an insurance scam. Sandra Johnson of Katy was sentenced on June 15 in Houston. The 48-year-old …
The article Ex-Employee at Houston Store Gets Prison for Insurance Fraud appeared first on Insurance Journal.
15
06, 2015
NYDFS Names Lawsky’s Chief of Staff Albanese as Acting Superintendent
Outgoing New York Superintendent of Financial Services Benjamin Lawsky said in a memo to his staff last Friday that his chief of staff, Anthony Albanese, will serve as acting superintendent while the Governor’s office conducts a search for a permanent …
The article NYDFS Names Lawsky’s Chief of Staff Albanese as Acting Superintendent appeared first on Insurance Journal.
16
06, 2015
Financial Repression’s Unintended Consequences: Swiss Re Market Consensus
Swiss Re has issued a statement, following a meeting with senior private and public sector market participants on June 16, entitled “Financial repression – the unintended consequences.” The statement said that in order to “identify the most concerning implications,” Swiss …
The article Financial Repression’s Unintended Consequences: Swiss Re Market Consensus appeared first on Insurance Journal.
15
06, 2015
Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis
Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to …
The article Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis appeared first on Insurance Journal.
17
06, 2015
Systemic Risk Panel to Show Lawmakers Why Some Insurers Are Too Big to Fail
U.S. regulators will disclose to lawmakers more than 1,400 pages of documents explaining why companies such as American International Group Inc. and MetLife Inc. are subject to tougher oversight. The Financial Stability Oversight Council is providing the papers after Republicans …
The article Systemic Risk Panel to Show Lawmakers Why Some Insurers Are Too Big to Fail appeared first on Insurance Journal.
15
06, 2015
Exxon Ordered to Pay $1M Penalty For Montana Spill
U.S. officials have rejected Exxon Mobil Corp.’s request to reconsider a $1 million penalty imposed against the oil giant over a 63,000-gallon crude spill into Montana’s Yellowstone River. The U.S. Department of Transportation on Friday ordered the Irving, Texas-based company …
The article Exxon Ordered to Pay $1M Penalty For Montana Spill appeared first on Insurance Journal.
16
06, 2015
Tropical Storm Bill Makes Landfall in Texas with 60 MPH Winds
Tropical Storm Bill came ashore on the Texas mainland this morning near Seadrift, packing heavy rains that will drop as much as 10 inches along the coast. Bill’s winds were 60 miles (97 kilometers) per hour, up from 50 mph earlier, the …
The article Tropical Storm Bill Makes Landfall in Texas with 60 MPH Winds appeared first on Insurance Journal.
15
06, 2015
Ex-Senate Candidate to Run for North Carolina Insurance Commissioner
Unsuccessful 2014 U.S. Senate candidate Heather Grant says she’ll run for North Carolina insurance commissioner in 2016. Grant of Wilkes County announced Friday she will seek the Republican Party’s nomination for the job. Current Democratic incumbent Wayne Goodwin has served …
The article Ex-Senate Candidate to Run for North Carolina Insurance Commissioner appeared first on Insurance Journal.