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Former Tenn. Senator, Tort-Reformer, Sentenced in Campaign Finance Fraud
Aug 14 2023 // A former Tennessee state senator who was active in tort reform, judicial appointments and health insurance changes, was sentenced to 21 months in prison after he unsuccessfully tried to take back his guilty plea on federal...
Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability
Aug 10 2023 // Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and cyber liability into one policy and under one limit. It brings a...
Cargo Theft Increased 57% in Q2; High-Value Shipments Targeted
Aug 9 2023 // There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57% increase when compared to the second quarter of 2022, according to the latest CargoNet report. Ongoing...
Allianz Ex-Manager Must Face US Fraud Charges On $7B Investor Loss
Aug 7 2023 // A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S....
Judge Tosses Fraud Against Exec in SC Nuclear Debacle, But New Case Could Follow
Aug 7 2023 // A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power. The judge...
Pennsylvania Socialite, Convicted of Millions in Insurance Fraud, Dies at 71
Aug 4 2023 // The judge called it a “spectacular” fall from grace after a well-known Pennsylvania socialite was convicted in 2019 of more than $13 million in insurance fraud. Four years later, the Bucks County woman, Claire...
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