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Insurers Asked to Pay $90 Million to Settle Shareholder Claims Over Fox News Sexual Harassment
Twenty-First Century Fox Inc. has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O’Reilly. The settlement, …

POSTED NOVEMBER 21, 2017 6:00 AM
Conservatives Now Want to Abolish Board They Hoped Would Curtail Patent Suits
In August, a dozen inventors gathered around a fire pit outside the headquarters of the U.S. Patent and Trademark Office in Alexandria, Virginia, and set alight patents they said had been rendered worthless by an overreaching federal government. “It’s time …

POSTED NOVEMBER 21, 2017 6:00 AM
Hiscox Launches Coverage Suite for Financial Services Firms
Hiscox has launched a new suite of professional and management liability coverages for financial services firms across the U.S. The new platform, Hiscox FS, is an expansion of Hiscox’s current offering to financial services firms. Hiscox FS provides financial services …

POSTED NOVEMBER 21, 2017 5:24 AM
Florida Puts Workers’ Comp Carrier Guarantee Insurance In Receivership
Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance Regulation (OIR), the company was materially under-reserved at year end 2016 and consented to …

POSTED NOVEMBER 21, 2017 5:07 AM
North Carolina Rate Bureau Requests 18.7% Increase for Homeowners Insurance
The North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance request a statewide average increase in homeowners insurance rates of 18.7 percent for 2018, according to Insurance Commissioner Mike Causey. The NC Rate Bureau represents the …

POSTED NOVEMBER 21, 2017 5:06 AM
Best Agencies to Work For Southeast: Frank H. Furman – Silver
As a Florida-based agency, employees at Frank H. Furman understand the value of insurance and the important role they play as advisors. And they say the company’s team-focused and supportive environment motivates them to go above and beyond for their …

POSTED NOVEMBER 21, 2017 5:01 AM
Father And Son in California Sentenced in $400K Workers’ Comp Scheme
Jaime Rosario Del Real, 61, and son Israel Del Real, 37, have both pleaded guilty to four felony counts for their role in a $400,000 insurance fraud scheme denying workers’ compensation insurance and medical care for injured workers. The father …

POSTED NOVEMBER 20, 2017 9:22 PM
Bickmore Adds Portello in Northern California
Bickmore has named William Portello has joined the Sacramento, Calif. He will serve as the director of litigation management and will oversee the litigation management team and assist pool members throughout California with developing contract requirements and provide employment practices …

POSTED NOVEMBER 20, 2017 9:02 PM
Minnesota Settles with 13th Life Insurance Company Over Unpaid Claims
The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The settlement with the American International Group (AIG) represents the …

POSTED NOVEMBER 20, 2017 5:50 PM
Oklahoma Joins International Insurance Information Exchange Agreement
The Oklahoma Insurance Department has joined an international supervisory cooperation and information exchange agreement. According to the International Association of Insurance Supervisors (IAIS), since the first jurisdiction was admitted in June 2009, membership in the IAIS Multilateral Memorandum of Understanding …

POSTED NOVEMBER 20, 2017 5:48 PM

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