Yearly Archives: <span>2023</span>

Mississippi Doctor Avoids Jail Time in Multimillion-Dollar Cream Scheme Fraud

A Mississippi doctor will not spend time in jail after pleading guilty to federal misdemeanor charges for his role in a health care fraud scheme that prosecutors said cost insurers about $515 million. Dr. Gregory Auzenne, 51, of Meridian, entered …

Report: Nearly 3,000 Buildings Affected by California Floods

An analysis released on Wednesday shows 2,933 properties were impacted by flooding across California, with an average inundation depth at building level of just over 1 foot. ICEYE’s Flood Insights, a data utility for insurers and emergency management organizations, are …

Zuckerberg, Meta Are Sued for Failing to Address Sex Trafficking, Child Exploitation

A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc. executives and directors of failing to do enough to stop sex trafficking and child sexual exploitation on Facebook and Instagram. The complaint made public late Monday by several pension …

Former AIG CEO Duperreault Joins Board of InsurTech Joyn

InsurTech Joyn Insurance announced the addition of industry veteran Brian Duperreault to its board as an independent director. Duperreault previously served as executive chairman for AIG’s Board of Directors and as CEO of AIG from 2017 to 2021. Before joining …

EU Proposes Clampdown on Companies Using Misleading ‘Green’ Labels

The European Commission proposed rules on Wednesday that would require companies in Europe to back up climate-friendly claims about their products with evidence, to stamp out misleading green labels for products from clothing to cosmetics and electronic goods. The proposed …

Commerzbank Executive Wins £300,000 in Sex Discrimination Suit

A Commerzbank AG manager won more than £300,000 ($366,650) in a sex discrimination lawsuit following a long-standing legal battle with the bank. Jagruti Rajput, who was a senior compliance officer at the firm’s London office, won a sex and maternity …

Google Asks London High Court to Throw Out Lawsuit Over Medical Records

Google asked London’s High Court on Tuesday to throw out a lawsuit brought on behalf of 1.6 million people over medical records provided to the tech giant by a British hospital trust. The Royal Free London NHS Trust transferred patient …

Australian Lender Latitude’s Shares Slump After Hack Details Emerge

Latitude Group Holdings Ltd. shares slumped as trading resumed for the Australian personal lender that disclosed details of a hack almost a week ago. The stock lost 16% as of 11:40 a.m. in Sydney trading. Hackers stole more than 103,000 …

Supreme Court Divided Over Coinbase Arbitration Dispute

U.S. Supreme Court justices on Tuesday appeared divided over a bid by cryptocurrency exchange Coinbase Global Inc. to halt customer lawsuits, including by a user who sued after a scammer stole money from his account, as it pursues an effort …

People Moves: WKFC Promotes Singhvi to President, Bauer to COO; AmTrust Adds Surian, White to Commercial Team

WKFC Promotes Singhvi to President and Bauer to COO WKFC Underwriting Managers, Ryan Specialty’s managing general underwriter headquartered in Melville, New York, has made two promotions in its senior leadership. Ravi Singhvi has been promoted to president of WKFC underwriting …