August 30, 2017
Tropical Storm Harvey bore down on Louisiana on Wednesday, pouring down more water after setting rainfall records in Texas that caused catastrophic flooding and paralyzed the U.S. energy hub of Houston. The storm that first came ashore on Friday as …
August 30, 2017
Oregon wildfires already have burned nearly 500 square miles this year, as one of the state’s many multimillion-dollar forest fires this season smolders and flares away. The Register-Guard reported the blaze, started by lightning in remote, steep terrain on the …
August 30, 2017
A Colorado police officer indicted by a state grand jury was arrested on multiple felony counts for allegedly lying about his home and car being burglarized and collecting nearly $60,000 in fraudulent insurance claims. The Aspen Daily News reported Silt …
August 30, 2017
Allianz Group announced a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. Financial details of the transaction were not disclosed. Ensure Insurance Plc. offers life and non-life insurance …
August 30, 2017
Insurtech startup, Sherpa, announced it has raised $2.3 million in funding from angel investors, in a venture designed to “change the way personal insurance is delivered.” “We have completely re-thought the way insurance has worked for 100’s of years,” says …
August 30, 2017
A Connecticut man originally from Haiti has been sentenced for his role in a scheme to defraud insurance companies through staged car crashes. Jacques Fleurijeune was sentenced Monday in federal court in New Haven, Conn., to five months in prison …
August 30, 2017
After an investigation by the Department of Insurance Fraud Prevention Bureau, two Wilmington, Del., residents were indicted on Monday, August 7, 2017, by a New Castle County grand jury. Lisa Mitchell and Robert Jones were indicted on two felony counts …
August 30, 2017
Element Risk Management, a West Chester, Penn.-headquartered, privately held insurance firm, has finalized the acquisition of Russell Insurance Agency Inc., based in Front Royal, Va. The acquisition will be Element Risk’s first in the Commonwealth of Virginia and will serve …
August 30, 2017
The nonprofit Insurance Industry Charitable Foundation (IICF) has established the IICF Hurricane Harvey Disaster Relief Fund to assist victims affected by Hurricane Harvey. IICF said it will collect and report on the total of all donations made through this fund, …
August 30, 2017
Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain is not due to leave the bloc until March 2019, …