News

Officials of AstraZeneca China Summoned About Probe of Suspected Insurance Fraud

Chinese authorities summoned officials of AstraZeneca China regarding an investigation of suspected medical insurance fraud by the company’s employees, the National Healthcare Security Administration (NHSA) said on Saturday. The regulator of the state medical insurance fund said authorities ordered the …

Kansas County Sued For Racial Discrimination

A former Sedgwick County, Kansas employee alleges in a lawsuit that his coworkers called him the “colored guy” and sang spirituals from the slavery era while he worked as a bridge crewman. David Partridge, who is described in court documents …

Insurtech Descartes Underwriting Raises $120M to Expand Parametric Product Offering

Descartes Underwriting, the insurtech company that specializes in parametric natural catastrophe products, has announced a $120 million Series B funding round. Growth equity firm Highland Europe is leading the capital-raise alongside international investment company Eurazeo, with participation of existing investors …

Ohio Hotel Carbon Monoxide Poisoning Leaves 7 in Critical Condition

Seven people were hospitalized in critical condition Jan. 29 after suffering from carbon monoxide poisoning at a Hampton Inn in Ohio, officials said. A total of nine people were taken to local hospitals, according to The Columbus Dispatch. Marysville Fire …

Louisiana Tire Plant Fire Blazes for 10 Days

About 65% of a 10-day-old fire at a shuttered tire processing plant in central Louisiana has been doused with water and smothered with dirt, reducing a thick plume of black smoke that had been visible for miles, state environmental regulators …

Higginbotham Acquires J.M. Insurance in Tennessee

Higginbotham Insurance has added J.M. Insurance Agency to its family in Tennessee. J.M. is an independent broker of commercial and personal P&C insurance, bonds and employee benefits. The broker, which has grown significantly with acquisitions in the last decade, is …

People Moves: Alabama’s Palomar Names Smitherman CTO; IoA Adds Three

Alabama-based Palomar Insurance has named Justin Smitherman chief technology officer, charged with tech strategies and management, the company announced. Smitherman started with Palomar in 2011 and was promoted to information technology director in 2013. Palomar, which writes commercial and personal …

White House Plan Aims to Strengthen Cyber Defenses for Water Utilities

The White House on Thursday unveiled a plan to beef up cybersecurity in the nation’s water sector, an extension of its efforts to thwart attacks against critical infrastructure including electricity and natural gas pipeline operators. Senior administration officials said water …

Insurance Scion Who’s Out to Save Human Driving

McKeel Hagerty’s parents were into wooden boats and saw an unmet need to underwrite them. Hagerty, however, has been a car nut from day one. When the family’s marine insurance business finally began to offer auto policies in 1991, he …

Washington Contractor Fined $248K After Worker Fell to Death from Bridge

A Bellingham, Washington, construction company is facing nearly $284,000 in fines for not ensuring safeguards were in place to keep workers from falling off the Beverly Railroad bridge spanning the Columbia River in Vantage. A 39-year-old man fell roughly 60 …

News Archives by Month