News

Ex-Tennessee Agent Indicted On More Than 70 Charges, Accused of Premium Theft

A former insurance agent, political campaign treasurer and Tennessee Republican Party committeewoman, is accused of stealing from her father’s campaign and pocketing insurance money from policyholders who used her family’s insurance company. News outlets report Kelsey Ketron, 29, has been …

Companies That Are Open About Cyber Risks Fare Better With Investors

Research finds that when one company experiences a cybersecurity breach, other companies in the same field also become less attractive to investors. However, companies that are open about their cybersecurity risk management fare significantly better than peers that don’t disclose …

Why James River Insurance Dumped Uber Account

A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc. affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account. …

Amoruso Joins Renaissance Alliance Insurance Services in Florida

Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has hired Anthony Amoruso as senior agency recruitment specialist in Florida. Oscar L. Miniet, regional executive vice president, made the announcement, saying that Amoruso’s primary role will be to …

Coalition Makes Cyber Risk Assessment Tool Available for Free to Small, Midsize Firms

Coalition, a cyber insurance company for small and midsize businesses, has launched a free, publicly available cybersecurity and risk assessment tool that assesses the expected probability and severity of a security incident for a company. Using Coalition’s proprietary underwriting platform …

Are Employees Pushing Insurers to Shun Coal in Climate Change Movement?

Seventeen insurers have restricted insurance services to coal projects in the past two years. A dozen insurers have adopted policies to stop all direct insurance coverage to new coal projects – among them are Allianz, AXA, Generali, QBE, Zurich, SCOR …

South Carolina Man Arrested for Stealing $700K from 10 HOAs

Authorities in South Carolina say a man has been accused of stealing more than $700,000 from 10 separate homeowners associations. News outlets report 39-year-old Nicholas Galipeau turned himself in Wednesday and was charged with ten counts of breach of trust. …

Family Dollar Stores of Michigan to Resolve Disability Discrimination Suit for $25K

Family Dollar Stores of Michigan LLC will pay $25,000 and provide other relief to settle a federal disability-discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC’s lawsuit alleges that Family Dollar violated the Americans with Disabilities …

Investigators Won’t Cite Universal Orlando Resort for Electric Shocks at Water Park

Federal investigators say Universal Orlando Resort won’t be cited for electrical problems that led to lifeguards getting shocked at its water park, saying the resort was unaware something was wrong. The Occupational Safety and Health Administration says in a report …

Iowa Insurance Pool Wants $22K for Access to Settlement Information

An Iowa government insurance program under fire for spending lavishly on out-of-state travel says it would cost $22,000 for the public to see how it’s been using money to settle recent legal cases. The Iowa Communities Assurance Pool, which provides …

News Archives by Month