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AIG to Offer Crowdfunding Investor Protection in UK and Canada

American International Group Inc. has launched a new product for the global crowdfunding investment industry. This new insurance product was developed specifically to protect investors on equity crowdfunding platforms against issuer fraud. Crowdfunding platforms enable innovators to fund their ideas …

American Family Insurance Signs Baseball’s Jeter as Brand Ambassador

Madison, Wis.-based American Family Insurance has tapped Derek Jeter – retired New York Yankees shortstop, 14-time All-Star, future Hall of Famer, businessman and philanthropist – as the company’s newest brand ambassador. American Family Insurance said it will partner with Jeter …

Feds: 6 Connecticut Men Staged 50 Car Crashes for Insurance Money

Federal prosecutors say six Connecticut residents have been charged with staging car crashes so they could make fraudulent insurance claims. U.S. Attorney Deirdre Daly said Tuesday that five Norwich residents and one New London resident have been indicted by a …

Oklahoma Governor Seeks Disaster Assistance after Severe Weather

Gov. Mary Fallin is seeking disaster assistance for two Oklahoma counties that were hit hard by tornadoes, severe storms and flooding earlier this month. Fallin sought assistance from the U.S. Small Business Administration for Murray and Garvin counties. Damage assessments …

Ohio not Tracking Insurance Death Benefits, Report Says

The state hasn’t tracked insurance companies’ payments of death benefits to Ohio residents to see if they are getting what they are owed since a national probe revealed large insurers were holding onto billions of dollars meant for beneficiaries, according …

Liberty International Underwriters Launches Auto Parts Recall Policy

Liberty International Underwriters, part of Liberty Mutual Insurance, has launched an Automotive Components Product Recall Policy designed to cover first and third party recall expenses. The policy coverage encompasses critical, noncritical and after-market parts with limits of $5 million primary and …

Arkansas Officials Question Health Insurance Rate Hikes for 2017

Arkansas Insurance Commissioner Allen Kerr says he expects to deny several recent requests by insurers to raise rates on individual on-exchange health insurance policies by more than 10 percent for 2017. Under the Affordable Care Act, requests for rate increases …

PBS/NPR Documentary Adds to Criticism of Private Insurers, FEMA Over Profits on Flood Insurance

Private insurance companies working for the government’s flood insurance program have made hundreds of millions of dollars at the same time that thousands of homeowners are claiming they have been underpaid for damage caused by Superstorm Sandy, according to a …

FEMA Vows Changes to Flood Insurance Claims Appeals

After learning some hard lessons from Superstorm Sandy, the Federal Emergency Management Agency says it is reforming the way it handles appeals from disgruntled policyholders in the National Flood Insurance Program. The October 2012 storm, spawned when Sandy merged with …

Fisher Named Executive Director of PIA of Tennessee

Kristopher Fisher has been named executive director of the Professional Insurance Agents of Tennessee. Transitioning from director of Member Services to executive director, Fisher’s new responsibilities include: management of the PIA Advantage Services Corporation programs and products; management of the …

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