The owner of a Chalfont, Pennsylvania auto body repair shop submitted 289 false insurance claims over several years to four insurance companies, pocketing more than $426,000 in payouts, according to the Bucks County district attorney. District Attorney Matt Weintraub said …
Major insurance broker NFP has acquired Quantum Risk Solutions, a Somerville, New Jersey-based managing general underwriter and wholesaler. Quantum specializes in insurance and risk management products for auto transporters, towing/collateral recovery firms, nonemergency medical technicians and specialty haulers. Quantum’s offerings …
SiriusPoint Ltd., the Bermuda-based specialty re/insurer, announced that Scott Egan has been appointed as the company’s chief executive officer, effective Sept. 21, 2022. Most recently the chief executive of Royal Sun Alliance (RSA) UK & International, and a FTSE 100 …
The huge Los Angeles Unified School District’s information technology systems were targeted by an external cyberattack during the Labor Day weekend, officials said. Despite the disruption, schools in the nation’s second-largest district were scheduled to open as usual Tuesday morning, …
A Los Angeles federal judge threw out an indictment charging a dive boat captain with manslaughter in the deaths of 34 people in a 2019 fire aboard a vessel anchored off the Southern California coast. The ruling came on the …
Rains Insurance Inc. has acquired the operating assets of Chattanooga-based Sunbelt Group, marking the first acquisition of an independent insurance agency by Rains. Rains, also an independent agency, is a subsidiary of Knoxville-based SmartBank, a commercial bank with operations in …
Roughly 200 people were told to evacuate and sheriff’s deputies were trying to track down campers and other recreationists after a wildfire exploded in Idaho’s scenic Sawtooth National Forest over the long holiday weekend. Lightning sparked the Ross Fork Fire …
State Farm and ADT, a smart home provider, announced that State Farm will make a $1.2 billion equity investment in ADT, a move that will give the nation’s largest insurer a 15% ownership stake in ADT. The investment also heralds …
Liberty Mutual said it has repositioned its distribution strategy for specialty and excess & surplus products, making Ironshore a wholesale-exclusive brand. Going forward, all U.S. commercial, specialty and E&S products placed by retail brokers will be under the Liberty Mutual …
A Texas jury awarded the Baylor College of Medicine in Houston $48,529,961 for damages caused by COVID-19 in what appears to be the first jury verdict in a lawsuit that sought insurance coverage for lost business income and other damages …