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Texas Pilot Who Crashed Plane for Insurance Sentenced to Prison for Fraud Scheme
A 33-year-old pilot, formerly of Kemah, Texas, was sentenced in early October to more than five years in prison and ordered to repay nearly $1 million in an insurance fraud-related case. Theodore Robert Wright III previously pleaded guilty on Dec. …

POSTED OCTOBER 17, 2018 5:58 AM
Lockton Names Gibson Sr. VP, Director of Marketing, Communications, External Affairs
Kansas City, Missouri-based insurance services firm, Lockton Companies, has named Julie Gibson senior vice president, director of marketing, communications and external affairs. She is based in Kansas City. Gibson will focus on growing the Lockton brand globally and creating communications …

POSTED OCTOBER 17, 2018 5:32 AM
Lax Cyber Security Could Be Federal Law Violation, SEC Warns
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator’s warning came in the form of a report on its investigation to assess …

POSTED OCTOBER 17, 2018 5:00 AM
Latest Storms May Finally Shift Focus to Disaster Mitigation by Local Communities
Hurricane Michael’s devastation could spur policymakers to better prepare vulnerable communities for the effects of climate change. The images of entire towns in Florida’s panhandle all but erased by storm surges, as well as accounts of bodies pulled from shattered …

POSTED OCTOBER 17, 2018 5:00 AM
Google Invests in Insurance Agency Software Firm Applied Systems
Giant Google’s investment arm has purchased a minority stake in Applied Systems, a provider of insurance technology and cloud-based software for independent agencies. The investment in Applied Systems is being made through CapitalG, the growth equity investment fund of Google’s …

POSTED OCTOBER 17, 2018 5:00 AM
Facebook Facing Another Lawsuit Over Allegedly Misleading Advertising Claims
Facebook Inc. knew in early 2015 that it misled advertisers about the average time users spent viewing online video clips — and then lied about it, according to a lawsuit. The owner of the world’s largest social network acknowledged in …

POSTED OCTOBER 17, 2018 5:00 AM
AXA XL Launches Standalone Insurance for Workboat Risks
AXA XL’s North America marine insurance business has expanded its coverage options for the marine insurance market with a new policy specifically designed and delivered to address workboat risks. AXA XL’s Workboat policy offers owners workboats standalone hull and liability …

POSTED OCTOBER 17, 2018 4:52 AM
Florida Red Tide Not Diminished by Hurricane Michael
Hurricane Michael failed to break up a patchy and toxic algae bloom that has lingered in the Gulf of Mexico off Florida’s shoreline for the last year, experts said Monday, meaning the red tide outbreak could continue to cause problems …

POSTED OCTOBER 17, 2018 4:39 AM
North Carolina Approves $400M in Florence Recovery Funds
The sharp partisanship that’s typified North Carolina’s government was buried temporarily on Monday as legislators approved spending $400 million to quickly help people and communities reeling from flooding left by Hurricane Florence and setting aside another $450 million for upcoming …

POSTED OCTOBER 17, 2018 4:23 AM
Weaker Building Codes in Florida Panhandle Scrutinized After Michael
Unlike in South Florida, homes in the state’s Panhandle did not have tighter building codes until just 11 years ago; it was once argued that acres of forests would provide the region with a natural barrier against the savage winds …

POSTED OCTOBER 17, 2018 4:03 AM

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