Category: Insurance live news

6 Tornadoes Confirmed in Mississippi from Weekend Storm

The National Weather Service confirms six tornadoes hit Mississippi on Saturday. Tornadoes were reported in Lafayette, Lamar, Lauderdale, Rankin and Winston counties. Surveyors say damage in Lowndes County was caused by a thunderstorm. The Lauderdale storm stretched for 8.5 miles (13.7 kilometers) with top winds estimated at 115 mph (185 kph), rating EF-2 on the […]

Florida Agency Owner Arrested Over $62K Premium Fraud Scheme

An insurance agency owner in Florida has been arrested after he admitted to stealing more than $60,000 in insurance premiums, according to a statement from the Florida Department of Financial Services (DFS). Michael Christopher Hensley, owner BOSC Insurance Company and Hensley Insurance Company, admitted to stealing $61,954 in insurance premiums between 2011 and 2018 in […]

Bosley Appointed VP of Alabama-Based Agency S.S. Nesbitt

S.S. Nesbitt (SSN), a Southeastern insurance agency and division of EBSCO Industries, Inc. (EBSCO), has appointed Jason Bosley as vice president in the property and casualty insurance practice. Bosley began as an underwriter with Travelers and later spent more than five years with J. Smith Lanier (a Marsh & McLennan Agency), where he focused on […]

Florida CFO Releases List of Top 10 Most Wanted Insurance Fraudsters

Florida Chief Financial Officer Jimmy Patronis has released a top 10 list of most wanted insurance fraud criminals and called on local communities to help with finding the individuals. According to a statement from the Florida Department of Financial Services, each of the following individuals is wanted for various insurance-fraud related crimes: Anthony Fitzgerald Phillips, […]

Marsh Enhances Cyber Risk Products to Address Business Interruption Risks

Marsh has launched a suite of new and enhanced risk analytics and insurance coverages designed to address business interruption (BI) risks arising from cyber-attacks. Marsh’s new cyber BI suite includes proprietary insurance wording and risk assessment analytics, integrated into its products. Marsh’s Cyber CAT 3.0, the next generation of its cyber policy, provides broad coverage […]

Arkansas Insurance Department Recovers $1.1M for Consumers in Q1

The Arkansas Insurance Department’s Consumer Services Division (CSD) recovered $1,126,107 for Arkansas insurance customers during the first quarter of 2018, the agency announced. Recoveries are dollar amounts recovered for Arkansas consumers by CSD in excess of the amounts initially offered by insurance companies. In 2017, the division recovered $2,813,513. During the first quarter of 2018, […]

AssuredPartners Names Kammerer Western Region CFO

AssuredPartners Inc. has named Lisa Kammerer chief financial officer over its Western region. Kammerer will report to Randy Larsen, the newly appointed Western region president. Kammerer was originally hired as an accounting manager with Lockton, and received several promotions during her 11-year tenure with the firm. In 2002, Van Gilder Insurance Corp. named her the […]

LP Insurance in Nevada Names Cantlon to Lead Surety Efforts

Reno, Nev.-based LP Insurance Services Inc. has named Andrea Cantlon surety sales executive. Cantlon now leads the surety efforts of LP Insurance throughout the company. The LP Insurance surety team services bonds including contract, subdivision, license and permit, court and professional service bonds. Andrea Cantlon LP Insurance is a risk management and commercial insurance brokerage

U.S. & U.K. Blame Russia for Global Cyber Attacks on Governments, Businesses

The United States and Britain on Monday accused Russia of launching cyber attacks on computer routers, firewalls and other networking equipment used by government agencies, businesses and critical infrastructure operators around the globe. Washington and London issued a joint alert saying the campaign by Russian government-backed hackers was intended to advance spying, intellectual property theft […]