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8 11, 2019

Ex-Tennessee Agent Indicted On More Than 70 Charges, Accused of Premium Theft

By | November 8th, 2019|Uncategorized|Comments Off on Ex-Tennessee Agent Indicted On More Than 70 Charges, Accused of Premium Theft

A former insurance agent, political campaign treasurer and Tennessee Republican Party committeewoman is accused of stealing from her father’s campaign and pocketing insurance money from policyholders who used her family’s insurance company. News outlets report Kelsey Ketron, 29, has been …

4 12, 2019

Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales

By | December 4th, 2019|Uncategorized|Comments Off on Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales

Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance application and renewal process to its 13,000 agency and brokerage customers and …

8 11, 2019

Ex-Tennessee Agent Indicted On More Than 70 Charges, Accused of Premium Theft

By | November 8th, 2019|Uncategorized|Comments Off on Ex-Tennessee Agent Indicted On More Than 70 Charges, Accused of Premium Theft

A former insurance agent, political campaign treasurer and Tennessee Republican Party committeewoman is accused of stealing from her father’s campaign and pocketing insurance money from policyholders who used her family’s insurance company. News outlets report Kelsey Ketron, 29, has been …

5 12, 2019

PG&E Nearing $13.5B Deal With California Wildfire Victims

By | December 5th, 2019|Uncategorized|Comments Off on PG&E Nearing $13.5B Deal With California Wildfire Victims

Bankrupt California power producer PG&E Corp. is close to finalizing terms for a $13.5 billion payout to victims of wildfires triggered by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter. The payment will be made …

8 11, 2019

Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board

By | November 8th, 2019|Uncategorized|Comments Off on Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board

Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1, 2020, after receiving widespread support from across the market. The news follows five months of consultation across the Lloyd’s market, …

4 12, 2019

Report on California Workers’ Comp Looks at Medical Provider Fraud

By | December 4th, 2019|Uncategorized|Comments Off on Report on California Workers’ Comp Looks at Medical Provider Fraud

The Workers’ Compensation Insurance Rating Bureau of California in a follow-up analysis to its 2018 study that evaluated the potential impact of medical provider fraud enforcement shows indicted providers treated significantly more injured workers and rendered more services per injured …

8 11, 2019

VIBE Syndicate 5768 to Be Placed into Solvent Run-off

By | November 8th, 2019|Uncategorized|Comments Off on VIBE Syndicate 5768 to Be Placed into Solvent Run-off

The board of VIBE Syndicate Management announced, effective Dec. 31, 2019, its Syndicate 5678 at Lloyd’s will be placed into a planned run-off. “It was with considerable regret that our board reached the conclusion that the business does not have …

5 12, 2019

Texas Chemical Plant Shut by Explosions, Fire to Be Rebuilt, Company Says

By | December 5th, 2019|Uncategorized|Comments Off on Texas Chemical Plant Shut by Explosions, Fire to Be Rebuilt, Company Says

Petrochemical maker TPC Group Inc will rebuild the Texas plant shut last week by devastating explosions that ignited fires that burned for six days, a spokeswoman said on Dec. 4. The last fire at the Port Neches plant was extinguished …

8 11, 2019

AM Best Reviews Argo Group’s Ratings in Reaction to SEC Probe, Watson Exit

By | November 8th, 2019|Uncategorized|Comments Off on AM Best Reviews Argo Group’s Ratings in Reaction to SEC Probe, Watson Exit

AM Best has placed the credit ratings of Argo Group International Holdings Ltd. and its subsidiaries under review with negative implications. These actions are a reaction to the sudden departure of Mark E. Watson III, Argo’s chief executive officer, but …

4 12, 2019

Video Game Maker in California to Pay $10M in Gender Bias Case

By | December 4th, 2019|Uncategorized|Comments Off on Video Game Maker in California to Pay $10M in Gender Bias Case

The maker of popular video game League of Legends has agreed to pay $10 million to female employees to settle a broad gender discrimination case. Court documents show that Los Angeles-based Riot Games will pay about 1,000 current and former …