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Texas Woman Gets 30 Years in Prison for Arson, Insurance Fraud

A Dallas woman with a history of filing 31 insurance claims against a dozen companies got burned when one turned out to be arson, the Texas Department of Insurance announced earlier this month. Genevieve Thompson was sentenced to 30 years …

Indiana Schools to Receive 3,200 Metal Detectors

Hundreds of Indiana schools have requested more than 3,200 hand-held metal detectors under a state program aimed at improving school safety that offers the devices for free. Republican Gov. Eric Holcomb announced the program in early July, weeks after a …

Assured Risk Cover Expands StormPeace Parametric Insurance to Florida Businesses

Assured Risk Cover, a provider of parametric hurricane insurance, launched a commercial insurance policy for small businesses in Florida under the StormPeace name. The policy contains all the features of the StormPeace residential policy, plus business interruption coverage with or …

Missouri’s U.S. Sen. McCaskill Wants Tighter Rules on Duck Boats After Accident

Democratic U.S. Sen. Claire McCaskill announced that she wants to enshrine into law federal recommendations to improve duck boat safety such as getting rid of canopies that can trap passengers if the vehicles sink, a move that comes after a …

Pennsylvania Warns Consumers, Insurers About Rising National Auto Theft Rates

Pennsylvania Insurance Commissioner Jessica Altman has reminded drivers to take precautions to prevent auto theft, as a recent report shows the rate of car theft nationally rising by more than four percent in the first half of 2017. She also …

Marsh & McLennan Reports Q2 Revenues Up

Marsh & McLennan Companies reported consolidated revenue was $3.7 billion, an increase of 7 percent over the second quarter of 2017. Operating income was $691 million for the quarter. In the Risk & Insurance Services unit, revenue was $2.1 billion …

Construction Company Indicted for Wage Theft, Insurance Fraud in New York

CRV Precast Construction LLC (CRV) and six of its employees have been indicted for misclassifying workers as lesser-skilled, underpaying them and falsifying information about payroll and employees, including a worker who was killed at a company job site. The defendants …

Pennsylvania Flash Flooding Leads to Evacuations, Amusement Park Closing

Heavy downpours soaked parts of central Pennsylvania, causing evacuations and forcing an amusement park to close for the second time this week. Hersheypark announced it would be closed Wednesday. The park closed Monday after heavy rain and flash flooding caused …

Corporate Fines, Penalties Plummet Under Trump Administration

While Donald Trump has positioned himself as a tough, “law and order” president, he has mostly excluded one group of offenders from his sights: those of the corporate class, according to a report released Wednesday by Washington-based watchdog Public Citizen. …

Marsh to Sell Risk Management Software Unit ClearSight to Riskonnect

Risk management services company Riskonnect said it has agreed to acquire Marsh ClearSight, a risk, safety, and claims software and services and a business unit of insurance broker Marsh. Terms of the transaction, which is expected to close in the …

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