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9 06, 2021

Florida Insurance Agent Charged with Diverting $4M in Premiums

By | June 9th, 2021|Uncategorized|Comments Off on Florida Insurance Agent Charged with Diverting $4M in Premiums

A Pensacola, Florida insurance agent has bee charged with selling fraudulent insurance policies to his clients in exchange for approximately $4 million in insurance premium payments. Jason R. Coody, acting U.S. Attorney for the Northern District of Florida, announced the …

8 06, 2021

$3.25M in Medical Malpractice Death of Washington Prisoner

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The Washington state Department of Corrections has agreed to pay $3.25 million to the family of a man who died at Monroe Correctional Complex after not receiving adequate medical care. A lawsuit filed by Julia Kleutsch said her husband, John …

9 06, 2021

EU Cautions Against Rushing into Public-Private Pandemic Insurance Scheme

By | June 9th, 2021|Uncategorized|Comments Off on EU Cautions Against Rushing into Public-Private Pandemic Insurance Scheme

The European Union’s executive body urged caution on Tuesday in the face of calls for a public-private scheme for insuring companies against economic lockdowns in future pandemics. “This is a very complex debate and needs time to mature,” John Berrigan, …

8 06, 2021

Diocese of Buffalo Suspends Three Priests Amid Sex Abuse Claims

By | June 8th, 2021|Uncategorized|Comments Off on Diocese of Buffalo Suspends Three Priests Amid Sex Abuse Claims

Three priests have been placed on leave in response to claims in a lawsuit filed last month that they sexually abused a boy in the 1990s, the Diocese of Buffalo announced Saturday. Bishop Michael Fisher said the priests all “deny …

8 06, 2021

NRA Drops Countersuit, Will Fight New York Attorney General in State Court

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The National Rifle Association has dropped a lawsuit accusing New York’s attorney general of suing the gun rights group last year out of political hostility, opting to challenge her through counterclaims in the same court where her case is playing …

8 06, 2021

PEAK6 Acquires Florida’s Team Focus, Parent to MacNeil Group, Capacity Insurance

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Investment firm PEAK6 announced that its insurance operations subsidiary, PEAK6 InsurTech, will acquire Team Focus Insurance Group, a Sunrise, Fla.-based property/casualty insurance firm that includes MacNeill Group, a managing general agency. Team Focus is parent to eight firms in all, …

8 06, 2021

Amazon CEO Bezos Volunteers for Risky Space Travel Journey in June

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Amazon’s billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month. “Ever since I was five years old, I’ve dreamed of traveling …

8 06, 2021

South Carolina Top Court Rejects Kiawah Island Developers’ Steel Wall

By | June 8th, 2021|Uncategorized|Comments Off on South Carolina Top Court Rejects Kiawah Island Developers’ Steel Wall

KIAWAH ISLAND, S.C. — Developers planning to build homes on a sand spit south of Charleston, South Carolina are facing another setback after the state Supreme Court overturned their permits to construct a steel seawall. The court ruled Wednesday that …

8 06, 2021

Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW

By | June 8th, 2021|Uncategorized|Comments Off on Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW

The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range of US$15 billion-$20 billion, according to a new global survey by Willis Towers Watson. While the estimated costs will vary …

8 06, 2021

Texas Gov. Signs Bill to Punish Businesses Requiring COVID Vaccination Proof

By | June 8th, 2021|Uncategorized|Comments Off on Texas Gov. Signs Bill to Punish Businesses Requiring COVID Vaccination Proof

Texas businesses that require customers to be vaccinated against COVID-19 will be denied state contracts and could lose their licenses or operating permits under legislation Gov. Greg Abbott has signed into law. “Texas is open 100%, and we want to …