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P/C Insurers Positioned to Absorb Hurricane Season: Fitch

The 2017 U.S. hurricane season may be here, but property/casualty insurers should be able to handle the challenges it brings, Fitch Ratings said in a new report. “Fitch currently has a negative sector outlook on the P/C industry, largely related …

According to the Computer, You’ll Be Dead in 5 Years

A computer’s ability to predict a patient’s lifespan simply by looking at images of their organs is a step closer to becoming a reality, thanks to new research led by the University of Adelaide. The research, now published in the …

Tennessee Residents Hit by Powerful Weekend Storm Still Without Power

Officials asked for patience Wednesday from thousands of Memphis residents whose homes remained without power after a Memorial Day weekend storm lashed the Tennessee city with winds of up to 105 mph (170 kph). Antonio Parkinson and Joe Towns, two …

Florida Youth Activist Urges Industry to Step Up Fight Against Climate Change

Seventeen-year-old climate activist Delaney Reynolds has a message for the insurance industry on the topic of climate change: It’s time to step up and take action against this global crisis. “Your future customers understand that we have a problem, and …

tKg Wholesale Brokerage Taps Becotte as Senior Underwriter for Small Business in Southeast

Wanda Becotte will join tKg Wholesale Brokerage as senior underwriter, Small Business Division serving its Southeastern region. Becotte began her insurance career in 2002, working on the retail side for nine years. During this time, she quoted and sold both …

Fake Arkansas Insurance Broker Sentenced to 5 Years in Prison

An Arkansas man who pretended to be an insurance broker and collected more than $1 million selling fake insurance policies in three states has been sentenced to more than five years in prison, the Arkansas Insurance Department announced. Arkansas Insurance …

Bill Creating Workers’ Comp Drug Formulary Advances in Louisiana

A bill establishing a workers’ compensation closed drug formulary in Louisiana passed the House and has been referred to the Senate Committee on Labor and Industrial Relations. A legislative analysis of House Bill 592 by states that the law currently …

Statewide Ride-Hailing Regulation Bill Signed by Texas Governor

A bill that preempts local regulations for ride-hailing companies in Texas and replaces them statewide standards has been signed by Gov. Greg Abbott. HB 100, sponsored in the Senate by Georgetown Sen. Charles Schwertner, sets statewide operating standards, including insurance …

California Business Owner Nabbed in $32M Workers’ Comp Fraud Scheme

Detectives with the California Department of Insurance arrested Gina Marie Gregori, 55, of Lafayette, for allegedly underreporting payroll and duping insurers out of $32 million. Gregori was charged with 19 felony counts and is being held on $5.2 millino bail …

California Department of Insurance and FAIR Plan Square off in Public Statements

The California Department of Insurance and the California FAIR Plan Association squared off in conflicting press releases on Thursday over a court decision that awarded a homeowner higher repair costs following a claim. The California Court of Appeal, First District …

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