A Lunenberg man has pleaded guilty to trying to fake his death to receive a $750,000 life insurance payment. U.S. Attorney Neil MacBride says 38-year-old Jamie Dwayne Long pleaded guilty Monday to mail fraud. Long bought the policy with Modern …
So much that is said and written about Florida’s insurance climate is negative. Is there anything good to say about Florida’s insurance market? That’s one of the questions in a brief Florida-only survey of property/casualty insurance agents by Insurance Journal. …
The former general manager of a restaurant co-owned by Paula Deen claimed in a lawsuit filed Monday she was sexually harassed and subjected to a hostile work environment rife with sexual innuendo, physical intimidation and racial slurs. Lisa Jackson said …
National Hurricane Center Director Bill Read said that science will improve to the point where forecasters can reliably issue forecasts showing where a hurricane will be a week ahead of time. “We’re two to five years from a seven-day forecast,” …
K&B Underwriters has launched a new workers’ compensation product in collaboration with SeaBright Insurance Co. The carrier will bring a claims handling and loss control program to K&B’s senior living risk management product under the DigniCARE Risk Solutions brand. “Our …
Three high-profile claims bills that would let victims of governmental negligence receive millions in compensation cleared the Florida House on Monday. The bills now go to the Senate. One bill (SB 4) would require that an insurance company for the …
A.M. Best Co. has downgraded the financial strength rating to ‘A-‘ (Excellent) from ‘A’ (Excellent) and issuer credit rating to “a-” from “a” of Mexico’s Grupo Nacional Provincial, S.A.B. (GNP), and has revised its outlook on the ratings from negative …
Professional Program Insurance Brokerage (PPIB) has launched a nationwide program with coverage for employment practices liability, directors and officers and fiduciary risks. The product, backed by a carrier rated “A” by A.M. Best, is designed for public, private and nonprofit …
The conviction of Allen Stanford on Tuesday for orchestrating a $7 billion Ponzi scheme could be bad news for two prominent law firms and an attorney facing civil lawsuits arising out of the Texas financier’s crimes. Attorney Thomas Sjoblom and …
The top U.S. securities regulator said on Tuesday her agency is exploring whether insurance companies can qualify for a coveted exemption in the proposed Volcker rule that would protect them from having to scale back their investments in hedge funds. …
