A Marshalltown man was sentenced to 21 months in prison after pleading guilty to insurance fraud related to the 2018 EF-3 tornado that struck Marshalltown, as well as the 2020 tornado. Justice Department officials say Timothy Sletten, 32, participated in…
Zurich North America on Tuesday named Ann Chai as chief risk officer, succeeding Colin Zeit, who was named vice president of comprehensive operations controls. Ms. Chai, a resident of Schaumburg, Illinois, who joined Zurich in 2010, was previously head of…
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This week I continue my written interview with Stephen Kiriakou Jr., a managing director and senior attorney in Aon’s Litigation Risk Group, where he builds and places litigation risk insurance policies. Over the past two weeks, Stephen has been sharing…
Trenton – Governor Phil Murphy today signed A5235/S3627 expanding health insurance coverage requirements for infertility services. The bill requires certain private, state-regulated health insurers that provide pregnancy-related benefits to groups of more than 50 people, the State Health Benefits Program,…
A new USI Insurance Services report predicts that in 2024, commercial property insurance rates are expected to rise, but not at the same pace as seen in 2023. “Our projections call for rate increases of 5% to 15% for non-catastrophe-exposed…
A federal court sentenced Michael Villarroel to one year and one day in prison after he pleaded guilty to conspiracy to commit wire fraud in connection with an insurance fraud scheme, the Justice Department said Friday. Villarroel, who previously served…
In a bold move to accelerate its digital transformation strategy, HNB General Insurance (“HNBGI”) announced the launch of Project Phoenix, a transformational initiative in collaboration with Azentio Software to implement a world-class insurance core system. This ambitious project represents a…
LONDON (Reuters) – War risk insurance premiums for shipments through the Red Sea are rising after further attacks on commercial ships by Yemen’s Houthi movement, insurance industry sources said on Tuesday, anticipating that ships with British or American connections would…
Consilium opens office in Cayman Island and hires Aon’s Hydes to lead the operationInsurance from within