Inc. News

Custard Insurance Adjusters, Inc. Announces Launch of Riverwood Claims Management, Inc. for US and London Markets

Peachtree Corners, GA, May 24, 2021 – Custard Insurance Adjusters, Inc. announced today the launch of their new TPA company, Riverwood Claims Management, Inc. Headquartered in Peachtree Corners, Georgia, Riverwood Claims Management, Inc. will specialize in a full range of …

Two So. Cal. Men Accused of $20 Million Work Comp Kickback Scheme

A pair of California men have been charged with multiple felonies in an alleged $20 million workers’ compensation kickback scheme. Bradley Dean Groscost, 59, of Westminster, and Felix Koltsov, 57, of Beverly Hills, surrendered last week to the Orange County …

Mass. Firm Illegally Fired Employee After She Collected Workers’ Comp, Court Finds

A Massachusetts Appeals Court has ruled that Dielectrics, a Massachusetts-based medical device manufacturer, illegally fired Ileana Bermudez after she collected workers’ compensation benefits and filed a lawsuit against the company. The case, Ileana Bermudez vs. Dielectrics, Inc., came about after …

Business News: Assurant, ISO, CoreLogic

Assurant Announces $1.36 Billion 2017 Property Catastrophe Reinsurance Program Assurant, Inc., a global provider of risk management solutions, announced it has finalized a $1.36 billion property catastrophe reinsurance program, reducing the company’s financial exposure and enhancing its ability to protect …

For Auto Liability Coverage to Attach to ‘Borrowed’ Vehicle, Transaction Must Satisfy Commonsense Meaning of That Term

In an insurance dispute spanning two states, and applying Kentucky law, the Sixth Circuit U.S. Court of Appeals, over a spirited dissent, held there was no coverage for an accident in Los Angeles. The reason: The Mercedes-Benz driven by Davida …

Business News: The Hartford, Location, Inc., Olympus Insurance Company

The Hartford, National Indemnity Company Hammer Out Reinsurance Agreement Covering Asbestos and Environmental Liability Reserves The Hartford has entered into a definitive agreement effective Dec. 31, 2016 with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc., for a …

Business News: Chubb, Lemonade, NORCAL, Solera Holdings

An expanded suite of cyber loss mitigation services is now available to help Chubb’s U.S. and Canadian policyholders reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation includes: Password Defense—Available to …

No CGL Coverage for Building Contractor’s Shoddy Workmanship Causing Damage to the Work Itself

In a decision filed November 18, 2016, Arkansas U. S. district judge Susan Webber Wright, the same jurist who in 1998 handed a defeat to Paula Jones in her sexual harassment lawsuit against then President Bill Clinton, dealt this time …

Business News: Chubb, AIG, Vericlaim

Chubb has expanded its business owner’s policy, Chubb BOP, to the technology industry by crafting specialized insurance features and benefits to meet the unique risks faced by small businesses in the technology segment. The policy includes more than 80 property …

Business Moves: Hudson Insurance, iovation, Verisk, Understory

Hudson Insurance Group Launches New Commercial Excess and Umbrella Unit New York City-based Hudson Insurance Group announced the launch of its new Commercial Excess and Umbrella business. The new unit will provide coverage on a non-admitted basis in all 50 …