A former Texas businessman was sentenced to seven years in prison and ordered to repay nearly $4 million in an insurance scam targeting a British company. Federal prosecutors say 66-year-old Wesley Michael Woodyard was sentenced July 6 in Dallas. Investigators …
Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis Re in a recent report. Indeed, underlying loss and expense ratios for many reinsurers are showing a worrying trend of …
A Northern California wildfire has destroyed 37 structures, at least some of them homes. The figure is up from 17 destroyed structures previously reported by state fire officials. However, the blaze weakened significantly Monday and waves of the thousands of …
Two small earthquakes have hit Alaska, one on the state’s northern end and another in the south, the Alaska Earthquake Center confirmed. The center says a magnitude 3.6 earthquake struck a spot 64.3 miles northeast of Arctic Village, a community …
Global insurance broker Willis Towers Watson has made several senior appointments in its North America Corporate Risk and Broking (CRB) business. Mark Rusas has been appointed CRB Northeast region leader, where he will be responsible for growth strategy and talent …
Most leading legal malpractice insurers saw their claims level off in 2016 although their cost to defend claims continued to escalate. A study by insurance broker Ames & Gough finds that while the number of new malpractice claims brought against …
A Silicon Valley innovation platform that connects technology startups, corporations and investors has recognized Munich Re, US for leadership in the insurtech space. The high-tech incubator and mentoring group known as Plug and Play also cited Robert Mozeika, innovation executive …
The Pennsylvania Supreme Court last month found a section of the state Workers’ Compensation Act (the Act) unconstitutional in a move that challenges the way Pennsylvania has assessed workplace injuries for the past 20 years. The decision also resulted in …
Contractors and vendors owed millions of dollars after the owner and president of a Vermont ski resort were accused of massive fraud will soon see their bills paid. The Caledonian Record reports the federal receiver overseeing Jay Peak ski resort …
The chief executive officer of Quandl is on a mission to let insurance companies know that their data is valuable and professional investors will pay them for it. But a lot of insurers are oblivious to that fact. “We’d like …
