Monthly Archives: <span>May 2021</span>

Barclays Dragged into Bitter Feud Between SCOR and Covéa over Failed Hostile Takeover

Barclays Plc has been dragged into a bitter feud between two French insurers over its role in a failed hostile takeover bid. SCOR SE is suing Barclays in London for breach of confidence when the bank advised Covéa on its …

Utica National Adds Crisis Response Services for Educational Institution Insureds

The member companies of the Utica National Insurance Group have partnered with Empathia, Inc. to provide crisis counseling services, and The Castle Group to provide crisis public relations services to its school policyholders. According to Brian Saville, Utica National Educational …

India Braces for Second Severe Cyclone in 10 Days

India braces for the second severe storm in about 10 days, with authorities in the eastern region preparing to evacuate people to safer places at a time when the country is battling the world’s worst outbreak of COVID-19. Cyclone Yaas, …

Bank of England Plans to Nudge Companies to Cut Greenhouse Gas Emissions

LONDON – The Bank of England set out plans on Friday to use its 20 billion pounds ($28.4 billion) of corporate bond holdings to nudge companies to cut greenhouse gas emissions faster, part of a wider government strategy to achieve …

Hack of Leading Japanese Dating App Could Expose Personal Data of 2 Million Users

A leading Japanese matchmaking app was hacked, likely exposing the personal information of more than 1.7 million account holders, in the latest high-profile online attack. Net Marketing Co., which runs the Omiai dating app, said that it found evidence of …

Delaware Man Sentenced to Prison for Role in $2M Fraud Plot

A Delaware man was sentenced on Friday to nearly four years in prison for his role in a plot to defraud a beauty product manufacturer out of more than $2 million. U.S. District Judge James Bredar in Baltimore also ordered …

Pennsylvania Woman Sentenced to Jail for Filing False Auto Insurance Claims

A Morrisville, Pennsylvania, woman was sentenced to four to 23 months in county jail for submitting a series of false auto insurance claims over the past few years that defrauded two auto insurance companies of almost $40,000. Shaminga L. Davis …

Vermont Law Restricts Sale of Products Containing PFAS

Vermont Governor Phil Scott has signed a bill into law that restricts the use, manufacture and sale of products in Vermont containing a group of toxic chemicals collectively known as PFAS. The products include certain firefighting foams and equipment, food …

Beneath the Surface: Why Insurers Should Look Beyond “the Tip of the A.I. Iceberg”

Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe that among relevant technology, artificial intelligence (A.I.) will have the greatest impact on claims and fraud detection over the next …

Relaxed Mask Rules Make Some Retail Workers Nervous

An abrupt relaxation of mask policies has left workers at some retail and grocery stores reeling as they try to sort out what the new environment means for their own safety and relationship with customers. Kroger, the country’s largest grocery …