China’s Ant Group Wins Final Nod from Securities Watchdog for $35B IPO October 22, 2020 By Colin Qian, Julie Zhu and Meg Shen China’s Ant Group has won the final nod from the country’s top securities watchdog for the registration of its Shanghai...
Insurers Drop Appeal Against UK Court Ruling on 3 COVID Business Interruption Policies October 22, 2020 By Sinead Cruise Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims...
North Carolina Agency Owner Sentenced to 5.5 Years for $400K Loan Scheme October 22, 2020 A North Carolina insurance agent has been sentenced to 5.5 years in prison in federal court after being found guilty...
MJ Insurance Names BridgePoint’s Sargent Director of Personal Insurance in Arizona October 22, 2020 MJ Insurance has named Leighann Sargent director of personal insurance. Sargent is based in Phoenix, Ariz., and will lead MJ’s...
FCC Says It Has Authority to Change Social Media Liability Shield October 22, 2020 By David Shepardson The top lawyer at the U.S. Federal Communications Commission (FCC) said Wednesday the telecommunications regulator has legal authority to redefine...
California Trucking Firm Owners Charged in Alleged $450K Workers’ Comp Fraud October 22, 2020 Trucking company owners Hardip Singh, 44, and Amandeep Kaur, 36, were charged this week with multiple counts of insurance fraud...
1 in 4 Businesses Has Experienced Cyber Event, Travelers Survey Finds October 22, 2020 By Elizabeth Blosfield Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index...
California Electrician Sentenced for Defrauding Workers’ Comp Providers, Employers October 22, 2020 Michael Ray Williams, 37, of Daly City, Calif., was sentenced to 60 days in county jail and three years formal...
Cryptocurrency Exchange Bitstamp Adds Lloyd’s-Backed Crime Insurance Policy October 22, 2020 Bitstamp, a cryptocurrency exchange, has expanded the insurance offered to its customers with an additional crime insurance policy. The crime...
USI Insurance Services to Acquire Findley of Tennessee October 22, 2020 USI Insurance Services has entered into a definitive agreement to acquire Nashville, Tenn.-based Findley, Inc. Subject to customary closing conditions,...