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Wells Fargo Bank Hit With $1 Billion Fine Over Auto Insurance, Mortgage Practices

Apr 20, 2018 Wells Fargo Bank will pay $1 billion in fines to the Consumer Financial Protection Bureau and the Office of the Comptroller of the...

Judge Rules in Favor of Great American in $2.4 Million Estefan Restaurant Dispute

Apr 20, 2018 A federal judge has ruled in favor of Great American Insurance Co. of New York in litigation by singer Gloria Estefan and her...

A.M. Best Affirms Credit Ratings of The Northwestern Mutual Life Insurance Company and Its Subsidiary

Apr 20, 2018 A.M. Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Rating...

Cyber Specialist Envelop Risk Names Chief Underwriting Officer

Apr 20, 2018 Envelop Risk said it has appointed Aritra Chatterjee as its chief underwriting officer. He was formerly the lead cyber underwriter with Hannover Re...

Business Insurance

Settlement allows pizzerias to digest a piece-ful coexistence

Apr 20, 2018 The saga of two battling New York pizzerias came down to Earth on Thursday after...

Calif. settles with eight doctors in ‘underground regulations’ case

Apr 20, 2018 The California Division of Workers Compensation on Thursday settled with eight...

Insurance Journal

Business Risk Partners Partners With Aspen on Agents Professional Liability Coverage

Apr 20, 2018 Program administrator Business Risk Partners (BRP) has released an expanded professional liability form for insurance agents and brokers...

Woman Injured at Ohio Fair Gets $1.8M from Ride Owner, Inspection Companies

Apr 20, 2018 A woman who suffered a traumatic brain injury in a thrill ride accident at last year’s Ohio State Fair will receive $1.8 million. A judge this...

Houston-Area Flood Control District: $155M Needed for Harvey Damage Study, Repairs

Apr 20, 2018 The Houston-area flood control district has estimated needing $155 million to study and fix damaged infrastructure after Hurricane Harvey...

Firefighters Hope Better Weather Will Aid Oklahoma Wildfire Fight

Apr 20, 2018 Firefighters are hoping higher humidity and milder winds will help them fight wildfires in Oklahoma, though conditions are critical in Arizona and New...

Claims Journal

Do Your Claims Letters Contain the Appropriate Tone?

Apr 20, 2018 There’s no good reason to make an enemy of the claimant or, if in litigation, the opposing attorney. We reveal ourselves in our claims letters and their tone. Is the...

NYC Slip and Fall Scheme Defrauded Businesses, Insurers of More Than $31M

Apr 20, 2018 Five New York City men were charged with conspiracy to commit mail and wire fraud in connection with a scheme to obtain fraudulent insurance reimbursement and...

Illusionist Copperfield Testifies in Las Vegas Tourist Injury Case

Apr 20, 2018 David Copperfield testified Wednesday that he didn’t know until he was sued that a British tourist claimed to have been seriously injured while taking part in...

Houston-Area District Expects $155M in Damage Repairs From Harvey

Apr 20, 2018 The Houston-area flood control district has estimated needing $155 million to study and fix damaged infrastructure after Hurricane Harvey. Workers this week...

Property Casualty 360

Tackling the U.S. flood insurance challenge

Feb 28, 2018 Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one...

A monumental disaster

Feb 28, 2018 If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.

Around the P&C insurance industry: Feb. 28, 2018

Feb 28, 2018 News from Ryan Specialty Group LLC, J.S. Held, RIMS and more.