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19 08, 2022

AGs: Lender Heaped Insurance Plans onto Unwitting Borrowers

By | August 19th, 2022|Uncategorized|Comments Off on AGs: Lender Heaped Insurance Plans onto Unwitting Borrowers

PHILADELPHIA (AP) — A Maryland-based lender deceived its loan customers by selling them insurance policies they didn’t ask for or know about in many cases, the attorneys general of a handful of states claimed in a lawsuit filed Tuesday in …

19 08, 2022

Lawsuit Alleges Ambassador Captive Used to Create Fake Insurance Policies

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The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an elaborate fraud that forged …

19 08, 2022

Germany’s Rhine Water too Low Even for Some Empty Vessels

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BERLIN –– Water levels on Germany’s Rhine river are so low that some vessels cannot sail even when empty, a shipping cooperative said on Friday, although long-awaited rain has begun to ease bottlenecks on one of the country’s main commercial …

19 08, 2022

Laser Incidents Reported by U.S. Pilots Hit Record in 2021

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The number of reported incidents involving aiming of lasers at U.S. airplanes hit a record in 2021, according to a federal government report, which also said regulators should do more to address the problem. The Government Accountability Office said the …

19 08, 2022

Designer Armani and Guests Flee Wildfire on Sicilian Island

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MILAN (AP) — Firefighters worked Thursday to put out the remnants of two wildfires on a Sicilian island that forced fashion designer Giorgio Armani and dozens of others to flee their vacation villas overnight. A photo from the island of …

19 08, 2022

Lloyd’s Insurers Must Exclude State-Backed Cyber-Attacks to Avoid Systemic Risks

By | August 19th, 2022|Uncategorized|Comments Off on Lloyd’s Insurers Must Exclude State-Backed Cyber-Attacks to Avoid Systemic Risks

Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies, according to a Lloyd’s market bulletin issued this week. The exclusion would include liability for losses arising from both war- and non-war-related state-backed cyber-attacks. “Lloyd’s remains strongly supportive …

19 08, 2022

COVID Impacts Linger in Courtrooms, Often a Disadvantage for Defendants

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GARDEN GROVE, California — Courts have reopened and trials have resumed, but the impacts of COVID-19 continue to linger in the judicial system, a panel of claims litigation experts said during the Combined Claims Conference on Thursday. For one thing, …

19 08, 2022

Former California Insurance Agent Arrested for Theft, Operating Fraudulent Agency

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Francis Okyere, 70, a previously licensed insurance agent in Westlake Village, California, was arrested in relation to a scheme that involved him allegedly stealing multiple victims’ identities and using them to open a fraudulent insurance agency. The victims’ identities were …

19 08, 2022

PCF Acquires John E. Peakes Insurance Agency in California

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PCF Insurance Services acquired John E. Peakes Insurance Agency Inc. in Ventura, California. John E. Peakes is a family-owned, personal lines agency. They offer personal, business, gym, fitness studios, restaurants, and apartment building insurance options. Lehi, Utah-based PCF is a …

19 08, 2022

Delaware Climate Lawsuit Against Oil Industry Is State Issue: Federal Court

By | August 19th, 2022|Uncategorized|Comments Off on Delaware Climate Lawsuit Against Oil Industry Is State Issue: Federal Court

A federal appeals court has ruled that a lawsuit filed by Delaware’s attorney general seeking to hold the petroleum industry responsible for climate change effects in the state must be heard in state court instead of federal court. Wednesday’s ruling …