Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and bolstering the market’s balance sheet. The £650 million protection, …
As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing began. John Neal, chief …
The Native American tribe that owns Connecticut’s Mohegan Sun casino is suing its insurance carrier over what it says was the denial of claims for millions of dollars in losses caused by the COVID-19 pandemic. The Day in New London …
Jun 20 2021— Forecasters warned of life-threatening flash flooding in parts of the Deep South, particularly across central Alabama, as Tropical Depression Claudette traveled over coastal states early Sunday. Heavy rain led to high water late Saturday into early Sunday …
Officials at Vermont’s largest hospital are still trying to determine the full financial impact of the cyber attack last October that knocked out computers affecting three hospitals in Vermont and three in New York. Scheduling and patient medical records were …
A man serving time for Maryland arsons is accused of starting fires in two Delaware beach towns last year. The Delaware Office of the State Fire Marshal announced Thursday that it has obtained warrants for Richard Lodeski of Wilmington for …
Thunderstorms and high winds on the east side of Tropical Storm Claudette battered the Florida panhandle and much of Alabama on Saturday, as the weather system moved toward the North Carolina coast. The National Hurricane Center declared Claudette organized enough …
Bamboo Insurance has acquired certain of the assets of First American Property and Casualty Insurance Agency of Santa Ana, Calif. from parent company title insurer, First American Financial Corp., which is exiting the property/casualty business. The assets acquired by the …
Medical guidelines help doctors understand the best way to treat health conditions yet many doctors do not adhere to them, and this is a problem in particular for patients with back pain, according to scientists at University of Utah Health …
A civil healthcare fraud lawsuit against 11 New York-based skilled nursing facilities alleges that they fraudulently inflated Medicare reimbursements by prolonging patient stays without regard to patients’ medical needs. The suit also alleges these facilities billed for excessive rehabilitation therapy …