Pennsylvania Doctor Admits Selling $5M Worth of Prescriptions to Addicts

A doctor has admitted his role in peddling prescriptions from a now-defunct clinic in Philadelphia, Penn., that specialized in helping drug addicts. Seventy-eighty-year-old Dr. Alan Summers pleaded guilty in federal court to charges including conspiracy, drug distribution, money laundering and … Read More Read more here:: Insurance Journal       

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Texas Bill Seeks Limits on Hailstorm Lawsuits

By Stephanie K. Jones A bill has been filed in the Texas Senate that seeks to curb what the authors of the legislation say is a skyrocketing number of lawsuits filed against insurers for bogus or inflated hailstorm claims. SB 10, filed by Senate … Read More Read more here:: Insurance Journal       

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Californian Sentenced for Felony Insurance Fraud in Sacramento

By Stephanie K. Jones The Sacramento County District Attorney’s Office in California reported that Paige Nolasco, who pled no contest to felony insurance fraud, has been sentenced to 90 days in jail and five years’ formal probation, and ordered her to pay $1,781 in … Read More Read more here:: Insurance Journal       

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Brinson Takes Over as President of Texas Surplus Lines Assoc.

By Stephanie K. Jones Teri Brinson, executive vice president of M.D. Jensvold & Co., has taken over as president of the Texas Surplus Lines Association (TSLA) for 2017. She brings more than 35 years of experience and leadership in the insurance industry to her … Read More Read more here:: Insurance Journal       

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Jury: Former Oklahoma Legislator Must Pay Insurer $4.3M in Defamation Case

By Stephanie K. Jones A Tulsa, Okla., jury has awarded an insurance company and its CEO $4.3 million in a defamation case. The Oklahoman reports former state legislator and former First Trinity director Wayne Pettigrew left First Trinity Financial Corp. in 2013 and issued … Read More Read more here:: Insurance Journal       

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Ryan Specialty Group to Acquire Trident Marine Managers.

By Stephanie K. Jones RSG Underwriting Managers (RSGUM) announced an agreement to acquire Trident Marine Managers Inc. and related claims adjusting affiliates (Trident), headquartered in Houston. Trident is a specialty marine managing general agency that has served the energy sector for more than 35 … Read More Read more here:: Insurance Journal       

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AIG Among ‘Too-Big-to-Fail’ Insurers Trying to Assess Path Forward Under Trump

By Andrew G. Simpson Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House administrations, according to a filing. The “appropriateness and federal regulation” of … Read More Read more here:: Insurance Journal       

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UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit

By L.S. Howard U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry sources involved say. Britain dominates the global marine insurance market and … Read More Read more here:: Insurance Journal       

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EU Lawmakers Call for Law Regulating Rise of Robots, Including Self-Driving Cars

By L.S. Howard European lawmakers on Feb. 16 called for EU-wide legislation to regulate the rise of robots, including an ethical framework for their development and deployment and the establishment of liability for the actions of robots including self-driving cars. But they rejected … Read More Read more here:: Insurance Journal       

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