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Racketeering Suit Alleges NY Insurance Fraud Scheme by Lawyers, Medical Providers

by lpiccitto | Jun 19, 2025 | Uncategorized

A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging scheme to defraud insurers through staged construction accidents and...

People Moves: Aon Promotes Rieth to Global Cyber Leader

by lpiccitto | Jun 19, 2025 | Uncategorized

Aon Promotes Rieth to Global Cyber Leader Aon plc, headquartered in London, promoted Brent Rieth to global cyber leader within Commercial Risk Solutions. Rieth, based in Chicago, Illinois, currently serves as head of Cyber Solutions, North America, will now lead...

Alabama DOI Encourages Insurers to Use More Than Drones in Nonrenewals

by lpiccitto | Jun 19, 2025 | Uncategorized

Alabama’s insurance commissioner this week urged property insurers to be judicious in the use of drones and aerial imagery in making nonrenewal decisions, but stopped short of issuing new regulations. “If an insurer uses aerial imagery as a basis for …

California Utilities Weigh Power Shutdowns as Dry Winds Approach

by lpiccitto | Jun 19, 2025 | Uncategorized

California utilities are mulling power shutdowns as breezy dry conditions across the state raise the risk of wildfires. Pacific Gas & Electric Corp. may turn off power to at least 11,543 customers in 15 counties, according to its website. Southern …

Mideast Ship Insurance Costs Jump Following Iran-Israel Attacks

by lpiccitto | Jun 19, 2025 | Uncategorized

The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …

Clear Group Acquires UK Commercial Broker, C.R. Toogood & Co.

by lpiccitto | Jun 19, 2025 | Uncategorized

The Clear Group, he London-based insurance intermediary, announced the acquisition of C.R. Toogood & Co. Ltd., a commercial insurance broker based in East Horsley, Surrey, UK. Financial details of the deal were not disclosed. Clear said this strategic move...
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