Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over …
At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report published by Standard & Poor’s. However, that picture is slightly …
Irvine, CA, May 24, 2016- The Orange County District Attorney’s Office has charged an Irvine, California business owner and his bookkeeper with fraud for allegedly underreporting payroll to their workers’ compensation insurance company by $2 million, and for failing to …
Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now? Could be, according to Daniel Nash, senior vice president of Field Operations and Business Development for Ironshore. Even though pricing in the market is …
The Villages Insurance Agency has hired Jason Shannon as advisor for its Commercial Risk Management Division. The Commercial Risk Management Team specializes in protecting business owners and their employees nationwide. Shannon has been in the insurance industry for over eight …
Britain would face trade barriers if it left the European Union and its single market, the EU’s financial services commissioner Jonathan Hill said on Monday. Hill, a Briton appointed to the European Commission by UK Prime Minister David Cameron, stepped …
Chubb Agribusiness has added product withdrawal coverage to its package policy for businesses that grow, manufacture, and distribute consumable products. The new coverage insures the expenses as a result of a withdrawal initiated by the insured or a governmental authority. …
A new tactical diversion squad through the Drug Enforcement Agency will help north central West Virginia fight the state’s growing drug problem. WBOY-TV reports that starting next month the diversion squad will assist local law enforcement in catching drug dealers, …
Out-of-state physicians could get licensed to practice in Mississippi more quickly, under a new law. Gov. Phil Bryant signed House Bill 41 on May 16, and it became law right away. It adds Mississippi to an agreement among states to …
Florida’s Miami-Dade County is stepping up enforcement to prevent the spread of mosquito-borne viruses, including Zika. County commissioners May 17 passed an ordinance allowing authorities to take “necessary corrective action” during a public health emergency to reduce mosquito breeding sites …
