Archive for April 2017

By L.S. Howard Ant Financial, the finance affiliate of Alibaba Group Holding, and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia. The Emtek tie-up is Ant’s fifth international payments deal … Read More Read more here:: Insurance Journal       

By Amy O’Connor The Florida Forest Service says more than 100 active wildfires are burning across the state right now. The Tampa Bay Times reports 25 of them are scorching more than 100 acres each. Since February, wildfires have swept across 68,000 acres … Read More Read more here:: Insurance Journal       

By Don Jergler Kimberly-Clark and its spinoff medical technology firm Halyard Health have been hit with $454 million in compensatory and punitive damages, after a federal jury found the companies misled California buyers about the impermeability of their MicroCool surgical gowns. Jurors in … Read More Read more here:: Insurance Journal       

The Justice Department said it has made payments totaling more than $800 million from the U.S. Victims of State Sponsored Terrorism Fund to compensate thousands of U.S. victims of international acts of terrorism by state sponsors of terrorism. The government said … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones The Texas Department of Insurance is looking for people to serve on the board that governs the Fair Access to Insurance Requirements (FAIR) Plan, which provides residential property insurance in underserved areas where it’s not readily available through the private … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones LevelFirst, the wholesale broker and MGA binding facility owned by IIAT Services Co., has appointed Richard Deal as business development manager. Deal is tasked with maximizing the potential of existing relationships as well as growing revenue from new business and … Read More Read more here:: Insurance Journal       

By Don Jergler The owners of a cleaning company serving luxury hotels in Southern California and Nevada have pleaded guilty in connection with a nearly $7 million insurance and tax scam. The San Diego Union-Tribune reported Hyok “Steven” Kwon and his wife, Woo … Read More Read more here:: Insurance Journal       

By Don Jergler Heffernan Insurance Brokers has acquired the assets of Phoenix, Ariz.-based National Truck Services Group. The NTSG leadership personnel, AJ Planeta, sales manager, and Kathy Herter commercial lines manager, will oversee Heffernan’s newest office in Phoenix. NTSG has a team of … Read More Read more here:: Insurance Journal       

By Don Jergler Uber is scoffing at claims that its expansion into self-driving cars hinges on trade secrets stolen from a Google spinoff, arguing that its ride-hailing service has been working on potentially superior technology. The legal defense, presented in documents filed in … Read More Read more here:: Insurance Journal