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Expect a Very Different Looking Lloyd’s Workspace In a Few Years: Beale

Lloyd’s of London’s historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing chief. “Over the years to come, that …

CBS CEO Moonves Resigns Amid Sexual Harassment Allegations

CBS Corp. CEO Leslie Moonves resigned from the company, the company said on Sunday, amid fresh allegations of sexual assault and harassment. CBS also announced a deal to end litigation against controlling shareholder Shari Redstone and National Amusements Inc. for …

Report on California’s Independent Medical Review Shows Continued Progress

An annual progress report from the California Department of Workers’ Compensation’s Independent Medical Review program shows it’s working as intended. IMR is a medical dispute resolution process that uses medical expertise to obtain consistent, evidence-based decisions and is a component …

How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s

The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors Service. “Commercial insurers held up well …

Washington Fines Insurance Providers, Including T-Mobile, for Illegal Rebates

Washington Insurance Commissioner Mike Kreidler issued fines in July totaling $115,050 against insurance companies, agents and brokers for reported violations of state insurance regulations. The alleged violators and their reported violations include: Agents and brokers T-Mobile USA Inc., Bellevue; fined …

California Cites Garment Contractors $570K, Some Lacked Workers’ Comp

The California Labor Commissioner’s Office has cited six Los Angeles area garment contractors $573,704 for labor law violations after uncovering a scheme where the contractors illegally operated under one license to avoid compliance. Four of the contractors did not have …

Heavy Rains from Gordon Cause Dam Breach in Mississippi

Officials said that a dam is breaching on the edge of Mississippi’s Delta region after heavy rains during Tropical Storm Gordon. The National Weather Service issued a flood warning for parts of Carroll County downstream from Murdock Lake, where water …

Large Hole Opens Between 2 Homes in Florida

A large hole has opened between two homes in a gated community in Florida. Pasco County officials said in an email sent Sept. 5 that about half of the hole – which is 40-feet (12-meters) across and 20-feet (6-meters) deep …

Florida-Based Heritage Taps Soleimani as Director of Investor Relations

Heritage Insurance Holdings, Inc., a Florida-based property and casualty insurance holding company, has added Arash Soleimani to its management team as an executive vice president and director of Investor Relations. Soleimani was previously a sell-side analyst for nine years at …

North Carolina Insurance Fraud Round-Up: August

The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of August. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North Carolina Insurance Commissioner Mike Causey, fraud costs North Carolinians between …

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