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17 05, 2022

How Sunken Boat Insurance Claim Factors Into Vermont Murder Case

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A boat insurance claim denial and fraud investigation have surfaced as integral pieces of the murder case being brought against a 28-year-old Vermont man charged with killing his grandfather and mother for inheritance money. In addition to facing two murder …

17 05, 2022

Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey

By | May 17th, 2022|Uncategorized|Comments Off on Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey

Cyber attacks are now seen as the dominant risk for many businesses – ahead of the pandemic, economic downturn, skills shortages and other issues, according to a report published by Hiscox. For its Cyber Readiness Report 2022, Hiscox found that …

17 05, 2022

Firefighters Battle Large Forest Fire in White Mountains in New Hampshire

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BARTLETT, N.H. — Firefighters in New Hampshire are battling a large forest fire that burned hundreds of acres in the White Mountains this past weekend. The U.S. Forest Service said federal, state and local personnel responded to a fire on …

17 05, 2022

Allianz to Pay More Than $6B for Structured Alpha Fraud, Fund Manager Indicted

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Germany’s Allianz SE has agreed to pay about $6 billion and a U.S. asset management unit will plead guilty to fraud after a group of its multibillion dollar investment funds collapsed amid market turmoil triggered by the coronavirus pandemic in …

17 05, 2022

Buttigieg Sends $5 Billion to Cities for Safety as Road Deaths Soar

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With upcoming data showing traffic deaths soaring, the Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis by slowing down cars, carving out bike paths and wider sidewalks and nudging commuters …

17 05, 2022

Florida Law Requires Post-Mortem on Insolvent Insurers, But Few Reports Available

By | May 17th, 2022|Uncategorized|Comments Off on Florida Law Requires Post-Mortem on Insolvent Insurers, But Few Reports Available

Florida regulators are required to perform post-mortem analyses on failed insurance companies, but few of the reports have been completed or released in recent years, and few people appear to be aware that they exist, the Miami Herald and Tampa …

17 05, 2022

People Moves: Liberty Mutual Re Hires AXA XL’s Sharman for Casualty Re; SiriusPoint Taps AXA XL’s Pascall as Head of London and Int’l Casualty

By | May 17th, 2022|Uncategorized|Comments Off on People Moves: Liberty Mutual Re Hires AXA XL’s Sharman for Casualty Re; SiriusPoint Taps AXA XL’s Pascall as Head of London and Int’l Casualty

This edition of International People Moves details appointments at Liberty Mutual Re and SiriusPoint. A summary of these new hires follows here. Liberty Mutual Re Hires AXA XL’s Sharman for Casualty Reinsurance Liberty Mutual Re (LM Re), part of Liberty …

17 05, 2022

Wisconsin Corn Mill Officials Indicted For 2017 Fatal Explosion

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A federal grand jury has indicted the operator and six management officials of a Cambria, Wisconsin corn mill – where a May 31, 2017, explosion killed five workers and injured 15 others – on nine criminal counts, including two counts …

17 05, 2022

Rain Brings Relief to Massive New Mexico Wildfire

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Lightning sparked a few new small fires in the drought-stricken Southwest Monday but the thunderstorms brought welcome rain to the monster blaze that’s been churning for a month in New Mexico and is now the state’s largest in recorded history. …

17 05, 2022

Kansas Court: More Fact-Finding Required in Air Ambulance Case

By | May 17th, 2022|Uncategorized|Comments Off on Kansas Court: More Fact-Finding Required in Air Ambulance Case

Federal law may prohibit states from regulating prices charged to insurers by air ambulance providers, but that doesn’t absolve the Workers’ Compensation Board of its responsibility to determine whether the billed charges are “usual and customary,” a split Kansas Supreme …