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Insurance

Generali plans sale of $21 billion of its Italian life insurance portfolio -Bloomberg News

December 7, 2022December 7, 2022
Generali plans sale of $21 billion of its italian life insurance portfolio -bloomberg news - photo licensed by shore news network.

(Reuters) -Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on …

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Opioid Abuse Treatment Facility to Pay $3.15 Million for Kickback Violations, Obstructing Federal Audit, and False Claims Submitted to Government Insurance Programs

December 6, 2022December 5, 2022
Opioid abuse treatment facility to pay $3. 15 million for kickback violations, obstructing federal audit, and false claims submitted to government insurance programs - photo licensed by shore news network.

CAMDEN, N.J. – An opioid abuse treatment facility in Camden will pay a total of $3.15 million to resolve criminal and civil claims that it …

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Prince George’s County Man Pleads Guilty to a Federal Wire Fraud Conspiracy to Obtain Over $750,000 in COVID-19 CARES Act Loans and Unemployment Insurance Benefits

November 28, 2022
Prince george’s county man pleads guilty to a federal wire fraud conspiracy to obtain over $750,000 in covid-19 cares act loans and unemployment insurance benefits - photo licensed by shore news network.

Greenbelt, Maryland – Jaleel Phillips, age 25, of Capital Heights, Maryland, pleaded guilty today to a federal wire fraud conspiracy, in relation to a scheme …

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Tax Attorneys And Insurance Agent Indicted For Promoting And Selling Fraudulent Tax Shelter

November 16, 2022
Tax attorneys and insurance agent indicted for promoting and selling fraudulent tax shelter - photo licensed by shore news network.

CHARLOTTE, N.C. – U.S. Attorney Dena J. King announced that a federal grand jury in Charlotte returned an indictment today charging two tax attorneys and …

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Zurich Insurance sets more ambitious financial targets

November 16, 2022November 16, 2022
Zurich insurance sets more ambitious financial targets - photo licensed by shore news network.

By Carolyn Cohn and Michael Shields ZURICH/LONDON (Reuters) -Zurich Insurance Group set more ambitious financial targets for the next three years on Wednesday as insurers …

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Biden taps Federal Deposit Insurance Corporation chair

November 14, 2022
Biden taps federal deposit insurance corporation chair - photo licensed by shore news network.

WASHINGTON (Reuters) – U.S. President Joe Biden has tapped Martin Gruenberg to serve as chairman of the board of directors of the Federal Deposit Insurance …

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Gloucester County Man Admits Fraudulently Obtaining More Than $400,000 in Unemployment Insurance Benefits

November 8, 2022
Gloucester county man admits fraudulently obtaining more than $400,000 in unemployment insurance benefits - photo licensed by shore news network.

NEWARK, N.J. – A Gloucester County, New Jersey, man today admitted that he illegally obtained more than $400,000 in unemployment insurance benefits, U.S. Attorney Philip …

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Long Island Woman Sentenced to Prison for Unemployment Insurance Fraud

November 3, 2022
Long island woman sentenced to prison for unemployment insurance fraud - photo licensed by shore news network.

ALBANY, NEW YORK – Rhasha Wright, age 30, of Roosevelt, New York, was sentenced today to 24 months and a day in prison for scheming …

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Caixabank’s Q3 net profit rises 19% on lending and insurance

October 28, 2022October 28, 2022
Caixabank's q3 net profit rises 19% on lending and insurance - photo licensed by shore news network.

MADRID (Reuters) – Spain’s Caixabank on Friday said that its net profit in the third quarter rose 18.8% against a year ago thanks to an …

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Former U.S. Navy Service Member Pleads Guilty to $2 Million Insurance Fraud Scheme

October 27, 2022
Former u. S. Navy service member pleads guilty to $2 million insurance fraud scheme - photo licensed by shore news network.

Assistant U. S. Attorneys Peter Ko (619) 546-7359 and Mark Conover (619) 546-6763 NEWS RELEASE SUMMARY – October 27, 2022 SAN DIEGO – Christopher Toups, …

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Biden’s Climate Bureaucrats Set Their Sights On Americans’ Insurance

October 19, 2022October 18, 2022
Biden’s climate bureaucrats set their sights on americans’ insurance - photo licensed by shore news network.

  Biden’s Climate Bureaucrats Set Their Sights On Americans’ Insurance Jack McEvoy on October 18, 2022 The Treasury Department announced Tuesday that it is moving …

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Lyft hikes service fee for rides as insurance costs rise

October 17, 2022
Lyft hikes service fee for rides as insurance costs rise - photo licensed by shore news network.

By Nivedita Balu (Reuters) – Lyft Inc is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, …

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Credit Suisse debt insurance costs rise, bonds ease after tax probe report

October 12, 2022October 12, 2022
Credit suisse debt insurance costs rise, bonds ease after tax probe report - photo licensed by shore news network.

LONDON (Reuters) – The cost of insuring the debt of Credit Suisse against default rose on Wednesday, while its bonds and shares fell, after reports …

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Tracy Woman Indicted in Fraud Scheme to Steal California Unemployment Insurance Benefits

October 4, 2022
Tracy woman indicted in fraud scheme to steal california unemployment insurance benefits - photo licensed by shore news network.

SACRAMENTO, Calif. — Kaymeisha Keyes, 30, most recently of Tracy, was arrested today after a federal grand jury returned a 16-count indictment on Aug. 11, …

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Drivers in Germany face higher insurance premiums – industry executive

October 4, 2022
Drivers in germany face higher insurance premiums - industry executive - photo licensed by shore news network.

MUNICH (Reuters) – German drivers should brace for higher auto insurance premiums next year, following three years of price declines, an industry executive told Reuters. …

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Former Crips Gang Members and Inmates Each Sentenced to More Than Five Years in Prison for COVID-19-Related Unemployment Insurance Fraud Scheme

October 3, 2022
Former crips gang members and inmates each sentenced to more than five years in prison for covid-19-related unemployment insurance fraud scheme - photo licensed by shore news network.

FRESNO, Calif. — Sholanda Thomas, 38, a former Hoover Crips gang member and an inmate at the Central California Women’s Facility (CCWF) in Chowchilla, was …

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Biden administration monitoring Hurricane Ian’s insurance industry impact

October 3, 2022October 3, 2022
Biden administration monitoring hurricane ian's insurance industry impact - photo licensed by shore news network.

ABOARD AIR FORCE ONE (Reuters) – The Biden administration is monitoring the impacts of Hurricane Ian on the insurance industry, a senior U.S. official told …

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Illinois Man Sentenced To 39 Months In Prison For Stealing Unemployment Insurance Benefits While Incarcerated

September 21, 2022
Illinois man sentenced to 39 months in prison for stealing unemployment insurance benefits while incarcerated - photo licensed by shore news network.

NEWARK, N.J. – An Illinois man was sentenced to 39 months in prison for using other individuals’ personal identification information to fraudulently obtain unemployment insurance …

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Former Postal Employee Sentenced To 13 Months In Prison For Fraud In Connection With Unemployment Insurance Benefits

September 21, 2022
Former postal employee sentenced to 13 months in prison for fraud in connection with unemployment insurance benefits - photo licensed by shore news network.

NEWARK, N.J. – A former U.S. Postal Service (USPS) employee was sentenced to 13 months in prison for fraudulently obtaining unemployment insurance benefits, U.S. Attorney …

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European energy crisis should be no surprise – Zurich Insurance chairman

September 15, 2022September 15, 2022
European energy crisis should be no surprise - zurich insurance chairman - photo licensed by shore news network.

LONDON (Reuters) – The European energy crisis following Russia’s war in Ukraine should come as no surprise and is a reminder that governments and companies …

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Three Men Arrested in Unemployment Insurance Fraud Conspiracy

September 1, 2022
Three men arrested in unemployment insurance fraud conspiracy - photo licensed by shore news network.

ALBANY, NEW YORK – Thomas Brace a/k/a “Justice,” age 61, of Altoona, Pennsylvania, and formerly of Albany; Taliek Lanier, age 22, of Albany; and Errol …

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Albany Man Pleads Guilty to Unemployment Insurance Fraud

August 10, 2022
Albany man pleads guilty to unemployment insurance fraud - photo licensed by shore news network.

ALBANY, NEW YORK – Kahleke Taylor, age 21, of Albany, pled guilty today to mail fraud, wire fraud and aggravated identity theft charges related to a …

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Tampa Man Sentenced To Over 5 Years For Conspiracy To Commit Access Device Fraud And Aggravated Identity Theft Related To COVID Unemployment Insurance Benefits

August 1, 2022
Tampa man sentenced to over 5 years for conspiracy to commit access device fraud and aggravated identity theft related to covid unemployment insurance benefits - photo licensed by shore news network.

Tampa, Florida – U.S. District Judge Steven D. Merryday today sentenced Devaris McClain (30, Tampa) to five years and one month in federal prison for …

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Former Deuel Vocational Institution Inmate Pleads Guilty to Participation in $1 Million Unemployment Insurance Benefits Fraud Scheme

August 1, 2022
Former deuel vocational institution inmate pleads guilty to participation in $1 million unemployment insurance benefits fraud scheme - photo licensed by shore news network.

SACRAMENTO, Calif. — Kenneth Ray Hawkins, 47, formerly an inmate at the Deuel Vocational Institution (DVI), a California state prison in Tracy, pleaded guilty today …

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FDIC urges banks to police misleading crypto claims on deposit insurance

July 29, 2022
Fdic urges banks to police misleading crypto claims on deposit insurance - photo licensed by shore news network.

WASHINGTON – A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their funds …

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Cleveland Man Charged with Fraudulently Obtaining More Than $400k in Pandemic Unemployment Insurance Benefits

July 28, 2022
Cleveland man charged with fraudulently obtaining more than $400k in pandemic unemployment insurance benefits - photo licensed by shore news network.

First Assistant U.S. Attorney Michelle M. Baeppler announced today that a Cleveland man was charged in a 16-count indictment with illegally obtaining more than $400,000 …

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New Orleans Man Sentenced for Conspiring to Stage Automobile Accident in Order to Defraud Insurance and Trucking Companies

July 21, 2022
New orleans man sentenced for conspiring to stage automobile accident in order to defraud insurance and trucking companies - photo licensed by shore news network.

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced that LARRY WILLIAMS (“WILLIAMS”), age 49, of New Orleans, was sentenced today for Conspiracy …

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Former Claims Manager for Michigan Unemployment Insurance Agency Sentenced In COVID-19 Fraud Scheme

July 21, 2022
Former claims manager for michigan unemployment insurance agency sentenced in covid-19 fraud scheme - photo licensed by shore news network.

DETROIT – Jermaine Rose, a former lead claims examiner for the Michigan Unemployment Insurance Agency (MUIA), was sentenced to two years in federal prison today …

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Tampa Woman Sentenced To Prison For Access Device Fraud And Aggravated Identity Theft Related To COVID Unemployment Insurance Benefits

July 19, 2022
Tampa woman sentenced to prison for access device fraud and aggravated identity theft related to covid unemployment insurance benefits - photo licensed by shore news network.

Tampa, Florida – U.S. District Judge Steven D. Merryday has sentenced Rolanda Wingfield (39, Tampa) to three years in federal prison for access device fraud …

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Fraudulent Smoke and Ash Homeowners Claims Spread with Wildfires, According to Mercury Insurance

July 15, 2022
Fraudulent smoke and ash homeowners claims spread with wildfires, according to mercury insurance - photo licensed by shore news network.

Mercury has uncovered a growing trend in criminals falsifying homeowners insurance fire claims. LOS ANGELES, July 15, 2022 — Mercury Insurance Special Investigations Unit (SIU), …

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Hyattsville Man Pleads Guilty to His Role in a Cares-Act and Unemployment Insurance Fraud Scheme Involving Over 600 Victims and Caused a Loss of at Least $2.7 Million

July 14, 2022
Hyattsville man pleads guilty to his role in a cares-act and unemployment insurance fraud scheme involving over 600 victims and caused a loss of at least $2. 7 million - photo licensed by shore news network.

Baltimore, Maryland – Sylvester Atekwane, age 32, of Hyattsville, Maryland, pleaded guilty yesterday to conspiracy to commit wire fraud in relation to a CARES-Act unemployment …

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Telfair County man sentenced after admitting he bought life insurance policy on woman without her permission

July 14, 2022
Telfair county man sentenced after admitting he bought life insurance policy on woman without her permission - photo licensed by shore news network.

AUGUSTA, GA:  A Telfair County man has been sentenced in federal court after admitting he took out a life insurance policy on a woman without …

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Brooklyn Center Man Indicted for Insurance Fraud After Staging a Politically Motivated Arson Attack

July 13, 2022
Brooklyn center man indicted for insurance fraud after staging a politically motivated arson attack - photo licensed by shore news network.

MINNEAPOLIS – A Brooklyn Center man has been indicted for wire fraud after filing fraudulent insurance claims for a staged arson, announced U.S. Attorney Andrew …

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Eight Defendants Facing Federal Charges Relating to Over $1.6 Million Dollars in Cares Act Covid-19 Fraud, including Identity Theft and Unemployment Insurance Fraud

July 12, 2022
Eight defendants facing federal charges relating to over $1. 6 million dollars in cares act covid-19 fraud, including identity theft and unemployment insurance fraud - photo licensed by shore news network.

Baltimore, Maryland – A federal grand jury has returned an indictment charging nine defendants in relation to a Maryland and California CARES Act COVID-19 unemployment …

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Zurich Insurance Germany choisit Cognizant comme partenaire informatique stratégique pour transformer son environnement applicatif dans le secteur de l’assurance générale Deutschland – Deutsch USA – English España – español USA – English France – Français

July 9, 2022
Zurich insurance germany choisit cognizant comme partenaire informatique stratégique pour transformer son environnement applicatif dans le secteur de l'assurance générale deutschland - deutsch usa - english espaã±a - espaã±ol usa - english france - franã§ais - photo licensed by shore news network.

Un accord pluriannuel transformera les applications de l’assureur pour améliorer l’expérience numérique de ses clients et partenaires en Allemagne TEANECK, New Jersey, 7 juillet 2022 …

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Zurich Insurance Deutschland wählt Cognizant als strategischen IT-Partner zur Umgestaltung der Anwendungslandschaft in der Schadenversicherung España – español USA – English USA – English Deutschland – Deutsch

July 8, 2022
Zurich insurance deutschland wählt cognizant als strategischen it-partner zur umgestaltung der anwendungslandschaft in der schadenversicherung espaã±a - espaã±ol usa - english usa - english deutschland - deutsch - photo licensed by shore news network.

Die mehrjährige Vereinbarung wird die Anwendungen des Versicherers umgestalten, um das digitale Erlebnis seiner Kunden und Partner in Deutschland zu verbessern TEANECK, New Jersey, 7. …

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Mercury Insurance Launches MercuryGO for Virginia Drivers

July 8, 2022
Mercury insurance launches mercurygo for virginia drivers - photo licensed by shore news network.

Mercury’s usage-based insurance app could save customers up to 40% on auto insurance and comes with a virtual driving coach LOS ANGELES, July 8, 2022 …

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Analysis: Sanctions on Russia’s debt entangle default insurance payouts

July 7, 2022
Analysis: sanctions on russia's debt entangle default insurance payouts - photo licensed by shore news network.

By Davide Barbuscia and Karin Strohecker NEW YORK – Investors hit by Russia’s debt default may have to settle some of their positions privately if …

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State Prisoners Sentenced to Federal Prison for Unemployment Insurance Fraud

July 7, 2022
State prisoners sentenced to federal prison for unemployment insurance fraud - photo licensed by shore news network.

ALBANY, NEW YORK – Reginald Thornton, age 29, and Lord Paulin, age 41, were sentenced today to federal terms of imprisonment for defrauding pandemic-related unemployment …

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Zurich Insurance Deutschland wählt Cognizant als strategischen IT-Partner zur Umgestaltung der Anwendungslandschaft in der Schadenversicherung Deutschland – Deutsch España – español USA – English USA – English

July 7, 2022
Zurich insurance deutschland wählt cognizant als strategischen it-partner zur umgestaltung der anwendungslandschaft in der schadenversicherung deutschland - deutsch españa - español usa - english usa - english - photo licensed by shore news network.

Die mehrjährige Vereinbarung wird die Anwendungen des Versicherers umgestalten, um das digitale Erlebnis seiner Kunden und Partner in Deutschland zu verbessern TEANECK, New Jersey, 7. …

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Zurich Insurance Germany choisit Cognizant comme partenaire informatique stratégique pour transformer son environnement applicatif dans le secteur de l’assurance générale France – Français USA – English España – español USA – English Deutschland – Deutsch

July 7, 2022
Zurich insurance germany choisit cognizant comme partenaire informatique stratégique pour transformer son environnement applicatif dans le secteur de l'assurance générale france - français usa - english españa - español usa - english deutschland - deutsch - photo licensed by shore news network.

Un accord pluriannuel transformera les applications de l’assureur pour améliorer l’expérience numérique de ses clients et partenaires en Allemagne TEANECK, New Jersey, 7 juillet 2022 …

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CURE Auto Insurance Celebrates One Year in Michigan – Saving More Than 30,000 Drivers Millions of Dollars Says CEO Poe, “Proof The Reforms Are Working”

July 4, 2022
Cure auto insurance celebrates one year in michigan - saving more than 30,000 drivers millions of dollars says ceo poe, "proof the reforms are working" - photo licensed by shore news network.

“For all the naysayers, our numbers and more importantly, our insureds, tell a different story,” says Eric S. Poe, Esq., CPA, CEO of CURE. “The …

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Metro Atlanta man charged with money laundering related to COVID-19 Unemployment Insurance benefit fraud

June 29, 2022
Metro atlanta man charged with money laundering related to covid-19 unemployment insurance benefit fraud - photo licensed by shore news network.

ATLANTA – Oluwagbemiga Otufale has been arraigned on federal charges of conspiracy and money laundering.  Otufale was indicted by a federal grand jury on June …

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NJ Republicans Balk At Democrat Effort to Raise Car Insurance Premiums With New Minimums

June 24, 2022
Nj republicans balk at democrat effort to raise car insurance premiums with new minimums - photo licensed by shore news network.

From the Desk of NJ Assemblyman Robert Auth TRENTON, N.J. – Republicans argued a bill to increase auto insurance coverage limits considered in the Assembly …

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Tampa Bay Area Woman Pleads Guilty To Conspiracy To Commit Wire Fraud And Aggravated Identity Theft Related To COVID Unemployment Insurance Benefits

June 22, 2022
Tampa bay area woman pleads guilty to conspiracy to commit wire fraud and aggravated identity theft related to covid unemployment insurance benefits - photo licensed by shore news network.

Tampa, Florida –United States Attorney Roger B. Handberg announces that Melinda Sue Hernandez (33, Ruskin) has pleaded guilty to conspiracy to commit wire fraud and …

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Oakdale Man Pleads Guilty for His Role in Multi-Million Dollar Health Care Insurance Fraud Scheme

June 16, 2022
Oakdale man pleads guilty for his role in multi-million dollar health care insurance fraud scheme - photo licensed by shore news network.

MINNEAPOLIS – An Oakdale man has pleaded guilty for his role in a multi-million dollar insurance fraud scheme. Okwuchukwu Emmanuel Jidoefor, 38, along with multiple …

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New Jersey Postal Worker Charged with Insurance Fraud

June 16, 2022
New jersey postal worker charged with insurance fraud - photo licensed by shore news network.

JERSEY CITY, NJ – A North Jersey postal worker has been arrested for submitting bogus medical claims to his insurance company, the Hudson County Prosecutor’s …

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New Orleans Woman Sentenced for Conspiring to Stage Automobile Accident in Order to Defraud Insurance and Trucking Companies

June 14, 2022
New orleans woman sentenced for conspiring to stage automobile accident in order to defraud insurance and trucking companies - photo licensed by shore news network.

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced that ISHAIS PRICE (“PRICE“), age 41, of New Orleans, Louisiana,  was sentenced today for …

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Mercury Insurance Offers New Coverages and Discounts in Illinois

June 8, 2022
Mercury insurance offers new coverages and discounts in illinois - photo licensed by shore news network.

Mercury’s new added protection comes with environmentally-friendly perks, while discounts put hard-earned money back in the pockets of policyholders LOS ANGELES, June 8, 2022 — …

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Florida Man Who Stole Over $170,000 in Covid-19 Unemployment Insurance Benefits Sentenced to Over Five Years in Federal Prison

June 7, 2022
Florida man who stole over $170,000 in covid-19 unemployment insurance benefits sentenced to over five years in federal prison - photo licensed by shore news network.

Baltimore, Maryland – U.S. District Judge Stephanie A. Gallagher sentenced Christopher Guy, age 30, of Tampa, Florida to 65 months in federal prison, followed by …

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