March 2, 2017
The owner of a Rockford, Illinois-based managing general agency that last year had its license revoked or non-renewed by two separate state insurance departments has been indicted by a federal grand jury for mail and insurance fraud. The U.S. Attorney’s …
March 2, 2017
Lilienfeld Corredores de Seguros has named Claudio Rossi as its next chief executive officer. He succeeds Renato Lilienfeld, who has been CEO since 1986. Lilienfeld will continue as chairman, working closely with Rossi to continue positioning the company as a …
March 2, 2017
A recent survey of Ontario, Canada drivers raises concerns about their ability to recognize, and therefore reject and report, auto insurance fraud. The survey conducted by Ipsos for the Financial Services Commission of Ontario (FSCO) asked a series of questions …
March 2, 2017
Despite increased awareness of rapidly evolving cyber threats, relatively few corporations have integrated cyber security into their mainstream risk management programs – a situation that is “unsustainable,” according to Swiss Re’s latest “sigma” report. The costs of cyber attacks have …
March 2, 2017
One thing that’s often missed in President Donald Trump’s complaints about the U.S. trade deficit is America’s $248 billion surplus in exports of services like education, financial services and software. Microsoft Corp., Goldman Sachs Group and FedEx Corp. are all …
March 2, 2017
A federal appeals court has thrown out a jury verdict that had originally required Apple Inc. to pay $533 million to Smartflash LLC, a technology developer and licenser that claimed Apple’s iTunes software infringed its data storage patents. The trial …
March 2, 2017
A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp. from retail customers, a decision that may end a 15-year legal battle stemming from the energy company’s December …
March 2, 2017
West Virginia Gov. Jim Justice, who was elected this past November, has appointed BB&T Insurance Agency Manager Allan L. McVey to serve as West Virginia’s Insurance Commissioner, effective April 1. McVey has been active in the industry since 1969 when …
March 2, 2017
Baldwin Risk Partners (BRP), a Tampa, Fla.-based insurance distribution holding company, has partenred with Affordable Home Insurance Inc. (AHI) a Miramar Beach, Fla.-based insurance agency. AHI offers insurance products to individuals and local businesses, with 16 insurance professionals located in …
March 2, 2017
XL Catlin has added a kidnap, ransom & extortion (KRE) crisis endorsement to its general aviation insurance coverage for pilots, aircraft carriers and other aviation companies address global travel safety concerns. With limits of liability up to $1 million, XL …