News Center
News – Insurance Journal
Administrative Judge in California Dismisses $18M in Liens from Provider Convicted of Fraud
An administrative law judge in California has dismissed liens valued at $18 million filed by convicted medical provider Michael E. Barri, bringing to a close one of the earliest cases aimed at combatting fraud in California’s workers’ compensation system., the …
POSTED OCTOBER 01, 2020 8:59 PM |
CRC Group Acquires Specialty Risk Associates in Louisiana
CRC Group has acquired Specialty Risk Associates Inc. in Shreveport, La. Terms of the deal were not disclosed. The addition of Specialty Risk expands CRC Group’s binding, transportation binding and personal lines business. Specialty Risk Associates will be a part …
POSTED OCTOBER 01, 2020 7:58 PM |
California Governor Signs Four Bills Affecting Cannabis Industry
California Gov. Gavin Newsom signed into law four bills affecting the cannabis industry, and vetoed one. The cannabis-related bills Newsom signed are: Assembly Bill 1458: Raises the label variance threshold for edible products from plus or minus 10% to plus …
POSTED OCTOBER 01, 2020 6:40 PM |
Cannabis Broker Spotlight: Sawyer of Cross Insurance Says Work Building Cannabis Business Worth it
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
POSTED OCTOBER 01, 2020 6:03 PM |
U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands
The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories, one from the Financial Crimes Enforcement Network (FinCEN) and …
POSTED OCTOBER 01, 2020 5:40 PM |
Tennessee Won’t Disclose Which Businesses Got Virus Relief
Tennessee has given more than $170 million in federal relief funds to businesses struggling to survive during the coronavirus pandemic, but top state officials aren’t saying exactly who is getting the money. “This is considered confidential taxpayer information,” state Department …
POSTED OCTOBER 01, 2020 4:59 PM |
Georgia Diocese Accused of Covering Up Sex Abuse Allegations in Lawsuit
A lawsuit filed against a diocese in Georgia alleges officials knew about and covered up allegations that a Catholic priest sexually abused young students and failed to prevent the crimes more than 30 years ago. The lawsuit was filed last …
POSTED OCTOBER 01, 2020 4:55 PM |
White Mountains to Buy 72% Stake in Lloyd’s Insurer Ark for Growth in Hardening Market
White Mountains Insurance Group, Ltd. announced it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd., the parent company of Ark Syndicate Management Ltd. With its leading …
POSTED OCTOBER 01, 2020 4:09 PM |
Sirius Restructures Management of Global Business Technology Team
Sirius International Insurance Group Ltd. announced that it has enhanced its Global Business Technology (GBT) team through the restructuring of its global management structure. This expansion will enable the firm to advance innovative solutions for its customers, improve operational efficiencies …
POSTED OCTOBER 01, 2020 3:40 PM |
Ascot Names S&P’s Guijarro as U.S. Chief Risk Officer
Specialty insurer Ascot announced the appointment of Steve Guijarro as U.S. chief risk officer and group head of Exposure Management. Guijarro will have primary responsibilty for Ascot’s enterprise risk management function in North America. In addition to his CRO duties, …
POSTED OCTOBER 01, 2020 2:59 PM |
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