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Florida Man Sentenced in N.J. for Filing More Than $1.2M in Fraudulent Insurance Claims
A Florida man was sentenced to nine years in state prison for filing more than $1.2 million in false claims for refrigerated cargo purportedly spoiled in cross-country transport by his long-haul trucking companies based out of Middlesex County, N.J. Palm …

POSTED APRIL 26, 2018 6:56 AM
Massachusetts Holds 7th Annual National Cyber Crime Conference
More than 700 law enforcement officers, prosecutors and investigators from across the U.S. and Canada recently attended the seventh annual National Cyber Crime Conference hosted by Massachusetts Attorney General Maura Healey. The three-day conference serves as the largest of its …

POSTED APRIL 26, 2018 6:16 AM
Liberty Mutual Launches New Umbrella, Contractor’s Equipment Policies
Liberty Mutual has introduced two new policy forms – umbrella and contractor’s equipment – designed to make it easier for brokers to meet a broader set of coverage needs for their customers. Liberty Mutual’s new, simplified umbrella form offers broader …

POSTED APRIL 26, 2018 6:00 AM
Humphry Joins The Iroquois Group in Kentucky
Mike Humphry has joined The Iroquois Group’s Mid-Atlantic team as a regional manager for southern Ohio and Kentucky. Humphry’s insurance career, which began in 1980, has included experience in both the independent agency and exclusive agency distribution systems. Prior to …

POSTED APRIL 26, 2018 4:26 AM
GuideWell Insurance Agency in Florida to Offer StormPeace Hurricane Coverage
GuideWell Insurance Agency, an exclusive property and casualty agency for Florida Blue health plan members, will offer StormPeace, a supplemental hurricane policy from Assured Risk Cover that provides coverage of losses and expenses not covered by traditional homeowners insurance. The …

POSTED APRIL 26, 2018 4:22 AM
2 Workers Rescued After Miami Scaffolding Malfunction
Two construction workers were rescued from the side of a five-story building near Miami when the scaffolding they were standing on malfunctioned. The incident played out on television news shows Tuesday morning as the men conducted repairs and maintenance at …

POSTED APRIL 26, 2018 4:08 AM
Court Nixes $151 Million Hip Implant Verdict Against J&J
Johnson & Johnson persuaded an appeals court to throw out a $151 million award over its Pinnacle artificial hips in a ruling that will affect thousands of lawsuits over the devices. A judge’s error in allowing hip recipients’ lawyers to …

POSTED APRIL 26, 2018 1:43 AM
Merck Loses Bid to Collect Patent Infringement Damages from Gilead
A U.S. appeals court on Wednesday affirmed a ruling that pharmaceutical company Merck & Co. dishonestly obtained patent rights and was not entitled to collect a $200 million infringement verdict it won against rival Gilead Sciences Inc. The U.S. Court …

POSTED APRIL 26, 2018 1:38 AM
Arch Re Turns Over Discontinued Operations Runoff to Catalina General
Arch Reinsurance Ltd. said that its runoff liabilities from some discontinued operations will now be handled by Catalina General Insurance Ltd. The reinsurance transaction specifically involves some discontinued U.S. specialty casualty exposures and other discontinued U.S. standard programs business. Why …

POSTED APRIL 26, 2018 1:00 AM
IRS Asked to Clarify Trump Tax Deduction for Pass-Through Businesses
The Republican tax law’s new deduction for pass-through businesses, intended to help small businesses, was “ill thought through” and will end up benefiting the wealthy, experts told the U.S. Senate Finance Committee on Tuesday at a hearing on the law’s …

POSTED APRIL 26, 2018 1:00 AM

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