Yearly Archives: <span>2018</span>

New Jersey Chiropractor Gets Prison Term for Medical Fraud Ring Role

A chiropractor involved in a medical fraud ring that bilked nearly $4 million overall from several insurers is now headed to prison. John Langeraap received a three-year sentence Friday. The 39-year-old Sparta, N.J., man had pleaded guilty to conspiracy to …

Cycling Safety: Insurance Industry, Virginia Tech Rate Biker Helmets

The next time you hop on a bicycle to head across town, consider this: your helmet may not perform well enough in an accident. A first-of-its-kind study using the latest techniques for simulating head injuries found significant variations in how …

Safety Probe of Tesla Crash Cites Battery Fire Risk

A Tesla Inc. Model S involved in a May 8 fatal high-speed crash in Florida reignited twice after firefighters extinguished a fire in the electric vehicle, the National Transportation Safety Board (NTSB) said in a preliminary report on Tuesday. The …

Soros Sees Mighty Big Gains in Investment Portfolios Made Out of Lawsuits

The billionaire George Soros has found a new way to make money from personal-injury lawsuits. Soros Fund Management is pushing into a branch of litigation finance that few hedge funds have entered. His family office is bankrolling a company that’s …

Why is it So Hard to Agree on Valuation?

I really hate reopening this can of worms, but I’m living it so here goes. My wife and I are doing some house hunting lately (in case you’re wondering, it’s not at all like the show, we’ve looked at a …

Advent Launches Political Violence Pricing & Placing Platform for SMEs in MENA

Lloyd’s insurer Advent announced the launch of its online pricing and placing tool, PVPlus. Developed in partnership with CFC Underwriting, this solution gives small and medium sized (SMEs) businesses in the Middle East and North Africa region access to low-ticket …

EU Needs to Prevent Brexit Threat to Derivative Contracts: BOE’s Carney

Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts, stepping up pressure on the European Union to act. Unless the EU follows the U.K. government in putting …

Swiss Re-Backed Insurer FWD Weighs IPO in Hong Kong

Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. The company, which is …

Russian Hackers Planning ‘Massive Strike’ Against Ukraine: Cyber Police Chief

Hackers from Russia are infecting Ukrainian companies with malicious software to create “back doors” for a large, coordinated attack, Ukraine’s cyber police chief told Reuters on Tuesday. The hackers are targeting companies, including banks and energy infrastructure firms, in a …

Kentucky Distillery Owner Faces Fines After Warehouse Collapse

A Kentucky distillery owner is facing a state fine after one of its whiskey warehouses collapsed. Kentucky Energy and Environment Cabinet spokesman John Mura told news media outlets that distillery owner Sazerac will be cited for failing to report the …