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15 09, 2020

Florida Couple Accused of Hurricane Irma Disaster Assistance Fraud

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A Florida husband and wife have been charged with lying about damage caused by Hurricane Irma. Christina Catalano, 38, and Joseph Catalano, 54, both of Holiday, were arrested Sept. 9, according to federal court records. Christina Catalano has been charged …

14 09, 2020

CoreLogic in California Taps Noland to Lead Global Insurance Solutions Business

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CoreLogic in Irvine, Calif. has named Mick Noland executive, general manager of insurance solutions. Noland will oversee all CoreLogic solutions for the global property insurance industry. Noland has more than 25 years of experience in the property/casualty industry. He has …

15 09, 2020

Neptune Flood Expands Coverage to Include All NFIP Classes

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Neptune Flood, an AI-driven flood insurance company, has expanded its flood insurance products to now include all NFIP product types. Neptune, which has previously offered flood insurance for one to four family homes, and main street businesses, now offers a …

14 09, 2020

China Tightens Rules Governing Financial Holding Firms

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China issued new rules on Sunday to regulate financial holding companies, in its latest move to prevent systematic risks to the nation’s vast financial sector. The new rules were set to stem loopholes in supervision and regulation systems, as a …

15 09, 2020

Charleston, South Carolina Sues Big Oil Companies Over Climate Change Costs

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Charleston is now the first city in the American South to sue major oil companies in an attempt to hold them accountable for the “daunting” costs of climate change, city officials announced Sept. 9. The 24 defendants in the city’s …

14 09, 2020

Triple Threat: Carrier-Insurtech-Agency Partnerships Can Transform Commercial Lines

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COVID-19 has changed many things in the insurance industry. Seemingly overnight everyone is working from home and the companies with the best digital customer experiences have the advantage. Yet, commercial lines insurance has a long way to go when it …

15 09, 2020

COVID-19 Crisis Reveals Lessons to Learn, Digital Opportunities

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In every crisis, lessons must be learned, but opportunities also are revealed. And so it goes with the COVID-19, which has shown the need for contract certainty in the re/insurance industry, while at the same time providing an impetus toward …

14 09, 2020

Major U.K. Ruling on Business Insurance for Covid-19 Claims Expected Tuesday

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Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is set to rule Tuesday in a case involving about 370,000 policyholders, companies including Zurich Insurance Group AG and Hiscox Ltd. …

14 09, 2020

California Ag Firm Owner, Daughter Arraigned in $2.5M Workers’ Comp Scheme

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Felipe Saurez Barocio, 63, of Atwater, owner of Agriculture Services Inc., and his daughter, Angelita Barocio-Negrete, 33, of Merced, were arraigned today on multiple felony counts of insurance fraud after allegedly underreporting employee payroll by $11 million in order to …

14 09, 2020

Senators Back Tighter Aircraft Oversight, Plane Crash Data Disclosure

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The U.S. Senate Commerce Committee will vote on Wednesday to require the Federal Aviation Administration (FAA) to quickly disclose risk assessments after fatal air crashes in a bid to significantly tighten industry oversight. Senate Commerce Committee chairman Roger Wicker, a …