Monthly Archives: <span>October 2016</span>

Michigan Doctor, a Former Lawmaker, Gets Probation for Insurance Fraud

A Lansing, Mich.-area doctor who is a former state lawmaker has been placed on probation for making false statements to an insurer. Judge Robert Jonker on Oct. 24 gave a significant break to Paul DeWeese, whose clinic, NBO Medical, performed …

Fischer Named VP, Property/Casualty Service Leader at Hylant

Ohio-based privately owned insurance brokerage firm, Hylant, has named Debbie Fischer to the newly created position of vice president, property/casualty service leader. Most recently, she was vice president, client services. In her new role, Fischer will support Hylant’s high-level service …

Couple Wanted in Louisiana Flood Contractor Fraud Scheme

Tangipahoa Parish, Louisiana, sheriff’s deputies say a man and a woman with numerous aliases are wanted in a flood contractor scheme that has taken more than $35,000 from two victims already in the Ponchatoula and Robert areas. Sheriff’s Office spokeswoman …

USGS: 3rd Largest Oklahoma Quake Likely Caused by Wastewater Disposal

The third-largest earthquake in Oklahoma was likely triggered by underground disposal of wastewater from oil and natural gas production, the U.S. Geological Survey found in a report issued on Oct. 24. The magnitude 5.1 quake that struck northwest of Fairview …

U.S. Homeowners Insurers’ Premiums Growing But Return on Equity Down: Aon

The U.S. homeowners insurance market is on track for continued growth in direct premiums for 2016 despite a decreasing return on equity for insurers. U.S. homeowners premium is set to surpass $90 billion for the first time, according to an …

Pennsylvania Based NSM Insurance Group Makes First International Acquisition

NSM Insurance Group, a Conshohocken, Penn., based insurance program administrator, has acquired Vantage Holdings, a U.K.-based collector car and outdoor leisure program administrator. The acquisition is subject to FCA approval. This move marks NSM Insurance Group’s first international acquisition and …

Teen Traffic Deaths Continue to Rise in Utah

More Utah teens have died in car crashes during the first nine months of this year than in all of 2015, according to new state data. A total of 26 teenagers have died on Utah roads so far in 2016, …

Ransomware Attacks Are Soaring, Says Beazley in Data Breach Report

Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by specialty insurer Beazley. The Beazley Breach Insights report is …

Chubb CEO Greenberg Reports ‘Excellent’ Q3 Results

The world’s largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with $528 million, or $1.62 per share, for the same quarter last …

Foresters Say New Hampshire Drought Has Increased Threat of Wildfires

Drought conditions are making it harder to fight wildfires and New Hampshire residents should be vigilant about the increased threat, state forestry and fire officials say. Conditions range from abnormally dry to extreme drought in southern New Hampshire, making this …