Re/insurance Broker Consilium Granted License in Cayman Islands August 2, 2023 Consilium, the London-based re/insurance brokerage arm of Aventum Group, has been granted a license by the Cayman Islands Monetary Authority...
Point of No Return? Australians Fight for the Right to Work Permanently From Home August 2, 2023 By Byron Kaye Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called...
GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall August 2, 2023 By Ezra Amacher FEMA’s National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021 but the program faces...
Aon: Public D&O Pricing Drops for Fifth Straight Quarter; 96% Retain Carriers August 2, 2023 By Jahna Jacobson Despite movement in limit and deductible levels, public directors & officers (D&O) pricing continues to drop for the fifth consecutive...
Fintech Vesttoo to Slash Jobs After Fake Collateral Scandal August 2, 2023 By Steven Scheer Financial services company Vesttoo said on Tuesday it was laying off about 75% of its staff and closing some offices...
X, Musk Seek Dismissal of Lawsuit Over Ex-Twitter Workers’ Severance Pay August 2, 2023 By Daniel Wiessner X Corp, the social media company formerly known as Twitter, and owner Elon Musk have asked a Delaware federal judge...
SC Police Officer and Recruit Agree to Avoid Cop Work After False Insurance Claim August 2, 2023 A South Carolina police officer and his roommate, a police department recruit, will face only misdemeanor penalties after agreeing to...
CRC Group Names Two to New Leadership Posts in Tennessee August 2, 2023 CRC Group, one of the the largest wholesale specialty insurance distributors, has named Farrah Schubmehl president of the group’s Nashville...
No Duty to Defend Doesn’t Mean No Duty to Indemnify, Federal Appeals Court Finds August 2, 2023 By William Rabb A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty...
Massachusetts Physical Therapy Clinic Owner Sentenced for $7M Auto Insurance Fraud August 2, 2023 The owner of a Massachusetts physical therapy clinic who defrauded 24 auto insurers by submitting largely bogus treatment claims was...