Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box (SIAB). Picnic will commence underwriting on Jan. 1, 2021, subject to completion of the Lloyd’s …
China’s Ant Group has won the final nod from the country’s top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. Ant, the fintech company …
Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by the COVID-19 …
A North Carolina insurance agent has been sentenced to 5.5 years in prison in federal court after being found guilty of orchestrating a $400,000 fraudulent loan scheme involving insurance premiums, according to the U.S. Attorney for the Western District of …
MJ Insurance has named Leighann Sargent director of personal insurance. Sargent is based in Phoenix, Ariz., and will lead MJ’s personal insurance strategy, operations and support the company’s growth. Sargent comes to MJ from BridgePoint Risk Management, where she served …
The top lawyer at the U.S. Federal Communications Commission (FCC) said Wednesday the telecommunications regulator has legal authority to redefine the immunity shield protecting social media companies that could make it easier for users to file lawsuits challenging content removal …
Trucking company owners Hardip Singh, 44, and Amandeep Kaur, 36, were charged this week with multiple counts of insurance fraud after allegedly misclassifying employees as independent contractors in a scheme to underreport payroll by more than $1.4 million, resulting in …
Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index said their firm was the victim of a cyber event – the highest percentage since the annual survey began in …
Michael Ray Williams, 37, of Daly City, Calif., was sentenced to 60 days in county jail and three years formal probation after pleading no contest to two felony counts of insurance fraud after illegally working for multiple employers while simultaneously …
Bitstamp, a cryptocurrency exchange, has expanded the insurance offered to its customers with an additional crime insurance policy. The crime insurance policy is offered by specialist insurance brokers, Paragon International Insurance Brokers in coordination with Woodruff Sawyer, and underwritten by …
