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Massachusetts Man Indicted in Connection with $110K Workers’ Comp Fraud Scheme
A Worcester, Mass., man who operated a temporary employment agency was indicted in connection with a scheme to evade more than $110,000 in workers’ compensation premiums, according to a press release issued by Massachusetts Attorney General Maura Healey’s office. Sovane …

POSTED SEPTEMBER 20, 2019 1:58 PM
The Institutes RiskStream Collaborative Hires Brown in Pennsylvania
The Institutes RiskStream Collaborative has hired Kenneth Brown as head of Security and Controls in its Malvern, Penn., office. As an insurance industry blockchain consortium, RiskStream Collaborative aims to serve policyholders and help lower industry and consumer costs by streamlining …

POSTED SEPTEMBER 20, 2019 1:52 PM
Hub International Acquires New York’s EPIC Retirement Services Consulting
Hub International Limited, a global insurance brokerage, has acquired the assets of EPIC Retirement Services Consulting LLC. Terms of the transaction were not disclosed. Located in New York, N.Y., EPIC is an independent investment consulting firm specializing in 401(k), 403(b) …

POSTED SEPTEMBER 20, 2019 1:45 PM
Alliant Insurance Services Hires Riley as Vice President in New York
John Riley has joined Alliant as vice president within the firm’s White Plains, N.Y., office. As part of the firm’s growing Northeast property and casualty team, Riley will service a diverse portfolio of clients with operations in the Northeast and …

POSTED SEPTEMBER 20, 2019 1:39 PM
Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings
The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s 737 MAX jets following two fatal crashes, …

POSTED SEPTEMBER 20, 2019 11:23 AM
Sectors Under Pressure, Such as Insurance, Remain Private Equity Targets: Apollo Exec
Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets. “Certainly, this is not a value-oriented environment,” said Harris, senior managing director of Apollo Global Management, …

POSTED SEPTEMBER 20, 2019 10:05 AM
African Swine Fever Spreads in Philippines
Blood samples from pigs in backyard farms in the Philippine capital Manila tested positive for African swine fever, the Department of Agriculture said on Friday, less than two weeks after it declared the country’s first outbreak of the disease. The …

POSTED SEPTEMBER 20, 2019 9:35 AM
Generali Launches U.S. Specialty Insurance Division, Focusing on Warranty Services
Generali US Branch, the U.S. arm of Generali Group, announced the launch of its Specialty Insurance Division, which will focus on providing warranty services and solutions. The Specialty Insurance Division will provide both insurance and obligor services for warranty programs …

POSTED SEPTEMBER 20, 2019 9:02 AM
Pilot Chuck Yeager, Who Broke Sound Barrier, Sues Airbus for Trademark Infringement
Chuck Yeager, the retired U.S. Air Force pilot who broke the sound barrier, has sued Airbus SE, accusing the aerospace company of using his name and likeness without permission to promote a new high-speed helicopter. In a complaint filed on …

POSTED SEPTEMBER 20, 2019 8:17 AM
France’s CNP Assurances Reaches Bancassurance Deal with Brazil’s Caixa Worth $1.7B
France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell insurance in the bank’s more than 3,000 branches, the Brazilian state-owned lender said on Thursday. Earlier on Thursday, Reuters reported …

POSTED SEPTEMBER 20, 2019 7:50 AM

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