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Category: Insurance


Capital and Risk, Insurance

Washington Man Wanted for Auto Insurance Fraud

June 30, 2022

Via: Insurance Journal

Vincent Labarbera, of Vancouver, Wash., has been added to Insurance Commissioner Mike Kreidler’s most wanted after he failed to appear in Clark County Superior Court to face felony charges of filing a false insurance claim and attempted first degree theft. […]


Capital and Risk, Insurance

Carnival Cruise Pays $5M, Gives Up Insurance Licenses in New York Over Data Breach

June 24, 2022

Via: Insurance Journal

New York’s financial services regulator has fined Carnival Corp. $5 million for violations of the state’s cybersecurity regulations that the state says caused four cyber breaches and the exposure of personal data belonging to its customers, including New York consumers. […]


Capital and Risk, Insurance

Reuters: Russia’s State-Owned RNRC to Reinsure Russian Oil Shipments: Sources

June 10, 2022

Via: Insurance Journal

State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance firms withdrew cover for Russian shipowners, three people familiar with the matter told Reuters. Insurance is essential for maritime transport, […]


Capital and Risk, Insurance

Insurance Bundler Branch Raises $147M, Touts Unicorn Status

June 9, 2022

Via: Insurance Journal

Columbus, Ohio-based auto and home insurer Branch reported a $147 million Series C funding, which it says brings its valuation to $1.05 billion. Branch, launched in 2019, is a full-stack insurance company that uses data, technology, and automation to make […]


Capital and Risk, Insurance

European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members

June 2, 2022

Via: Insurance Journal

The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the matter, in a move that […]


Capital and Risk, Insurance

Florida House Committee Follows Suit, Quickly Approves Insurance Reform Bills

May 25, 2022

Via: Insurance Journal

A Florida House committee and the state Senate wasted little time Tuesday in approving sweeping property insurance bills, leaving only the full House of Representatives to cement the changes on Wednesday, which would likely ending the special session two days […]


Capital and Risk, Insurance

Louisiana Audit Shows Hurricanes Led to Increase in Insurance Complaints

May 24, 2022

Via: Insurance Journal

Residential property. complaints against Louisiana insurance companies skyrocketed in the aftermath of 2020 and 2021 hurricanes, according to a report released this month by the Louisiana Legislative Auditor. The Louisiana Department of Insurance (LDI) received 21,143 complaints in the calendar […]


Capital and Risk, Insurance

Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer

May 18, 2022

Via: Insurance Journal

For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter. The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout and […]


Capital and Risk, Insurance

Louisiana Insurers Have Paid or Reserved $12.1B on Ida Claims

April 29, 2022

Via: Insurance Journal

Louisiana Insurance Commissioner announced insurers have paid or reserved $12.1 billion on all types of Hurricane Ida-related claims in Louisiana through March 31. This data is the second measure of damage from Hurricane Ida, which struck the state on August […]


Capital and Risk, Insurance

17 Arrested in Carolina Auto Insurance Fraud; Alleged Ringleader at Large

April 6, 2022

Via: Insurance Journal

South Carolina authorities have charged 17 people in what’s being called a major insurance fraud ring that staged vehicle collisions and filed false claims over a one-year period. The alleged fraud took place from August 2020 through October 2021 and […]