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Zalma's insurance fraud letter – June 1, 2019

Sickness, recovery needs to be changed Insurance fraud is redundant. Hal Kreitman was convicted of fraud, conspiracy to commit letter fraud, money laundering and conspiracy to commit money laundering to participate in a system that deceived insurance companies. The scheme was as elaborate as it was criminal. The conspirators recruited people to lead car accidents and seek "treatment" at one …

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Reinsurance for reinsurance "in widespread use": Analysts

Reinsurance interest rates increase by June 1, renewals should be average in the mid-teen percentage, according to a research note Friday from Keefe analyst, Bruyette & Woods Inc. However, price increases were "very widespread" as differences in individual loss experience led geographical exposure and market newspaper to "cedent-specific increases", says KBW. Adding to the cycle was marked by "improved market …

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Ohio to discontinue the comp coverage of OxyContin

The Ohio Bureau of Workers Compensation announced on Friday it will begin phasing out coverage for OxyContin and its generic forms by the end of the year, beginning June 1. According to a press release from the Ohio BWC, the agency said it will no longer pay for the drug or its generic equivalents for any occupational injuries suffered by …

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Cannabis sector urged to look at IP, cyber cover

NEW YORK – Intellectual Property Insurance and Cyber ​​Coverage are important to them in the cannabis industry, according to Aon PLC Vice President Geoff Pope, who speaks Thursday at Cannabis World Congress and Business Exposition in New York. Tires for such "Critical Risks," says Pope, may be just as important for a cannabis business as their property tire but cannot …

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Interference in meth lab activities does not work: the court

The Appellate Department of the Supreme Court of New York on Thursday claimed that insurers must continue to pay compensation benefits to an injured worker who was imprisoned to participate in the production of methamphetamine. The latest court in Robert Stone against Saulsbury / Federal Signa et al. filed in the Third Division of the Appellate Court in Albany, the …

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Aon, CoverWallet partner in the Australian SMB market

Aon PLC has invested in and will work with the digital insurance market provider CoverWallet Inc. to serve small and medium-sized businesses in Australia, says Aon in a statement on Friday and adds over $ 40 million that CoverWallet has raised from investors including Zurich Insurance Group and Starr Insurance Cos. Companies also want to expand into additional geographic areas, …

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