20 People Arrested in Florida in ‘Operation Hot Water’ Workers’ Comp Fraud Sting

Article 0 Comments Twenty individuals were arrested in Florida in a workers’ compensation insurance fraud sting operation involving unlicensed contractors in Pasco County in “Operation Hot Water,” according to a statement from Florida Chief Financial Officer (CFO) Jimmy Patronis on Sept. 27. The arrests came after a joint sting operation […]

Fire that Destroyed Mississippi Furniture Plant Ruled Arson

Article 0 Comments Investigators say a Wednesday fire at a northeast Mississippi furniture plant was arson. Pontotoc Police Chief Randy Tutor told local news outlets Friday that officers worked with the state Fire Marshal and the U.S. Bureau of Alcohol Tobacco and Firearms to reach the determination. No arrests have […]

Florence Recovery Begins in Carolinas as Flood Waters Finally Recede

Article 0 Comments Hurricane Florence’s floodwaters were expected to reach their final peak before heading into the Atlantic Ocean on Saturday and weren’t as high as once feared in parts of South Carolina. The Waccamaw River was expected to crest at record levels Saturday but at levels well below the […]

Maximum Taps Searcy to Open New Office in Jacksonville, Florida

Article 0 Comments Maximum, an independent excess and surplus lines wholesaler, has opened its second office in Florida which will be run under the the leadership of Anthony Searcy. The new office will be based in Jacksonville. Anthony Searcy With roots of his own in the Jacksonville area, Searcy joined […]

2 Insurer Tax Credits Under Scrutiny by Arkansas Task Force

Article 0 Comments A tax overhaul task force is looking into whether Arkansas should change two tax credits authorized for insurance companies that cost the state about $77 million a year. Members of the Tax Reform and Relief Legislative Task Force on Sept. 27 questioned the benefits of a decades-old […]

Death Toll from Indonesia’s 7.5 Magnitude Quake, Tsunami May Reach Thousands

Article 0 Comments The death toll from a 7.5 magnitude earthquake and tsunami that hit Indonesia’s island of Sulawesi climbed to more than 800, with casualties expected to reach into the thousands as authorities try to reach those trapped under collapsed buildings. Local media reports quoted Vice President Muhammad Jusuf […]

Typhoon Trami Hammers Japan; Flights and Trains Canceled in Tokyo

Article 0 Comments Typhoon Trami is bringing Tokyo to a halt. East Japan Railway Co. suspended all train service in the Japanese capital on Sunday in preparation for the storm, which is hammering the southwest of the country. Flights were canceled at major airports, including Tokyo’s Narita and Haneda. Kansai […]

Brexit Price Tag for UK Government Is £500 Million per Week: Study

Article 0 Comments Britain’s decision to leave the European Union has cost the government 500 million pounds ($650 million) a week, wiping out for the moment any future savings from stopping payments to the bloc, according to a study published on Sunday. The economic impact of the Brexit vote has […]

New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses

Article 0 Comments Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and medium-size enterprise (SME) clients. According to Annamaria Landaverde, vice president and head of cyber for the US Reinsurance […]