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Markets/Coverages: Liberty Specialty Markets, Baobab Offer E-Crime Cover for SMEs

Insurance Journal

Liberty Specialty Markets (LSM), a division of the US Liberty Mutual Group, and Baobab Insurance, a digital underwriter of technical risks, are offering a new joint e-crime insurance product for small and medium-sized enterprises (SME) in Germany and Austria. LSM …

Crime 148
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Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

The Security Service said it’s conducting a preliminary investigation into the crime … Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months.

Crime 269
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Crimes Against Customers: Part 3 – Technology Crimes

Insurance Journal

Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to individual producers, adjusters, and dually licensed broker-dealers. This post is part of a series sponsored by AgentSync.

Crime 246
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Crimes Against Customers: Part 1 – Financial Crimes

Insurance Journal

Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to individual producers, adjusters, and dually licensed broker-dealers. This post is part of a series sponsored by AgentSync.

Crime 244
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Norcross Defense Team Pans Racketeering Case as ‘Crime Thriller With No Crime’

Insurance Journal

Lawyers for New Jersey insurance executive and political power broker George Norcross III say the state’s 111-page indictment against him and others for alleged racketeering is a “crime thriller with no crime.” ” In calling for dismissal of the charges, Norcross …

Crime 147
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Hollywood Car Stunts Turn Into Real Crimes With Street Takeovers

Insurance Journal

California, the birthplace of hot rod culture and televised police chases, is cracking down on a surge in deadly street takeovers. Often organized through social media, these chaotic events — also known as sideshows — have transformed quiet streets into …

Crime 278
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Town Expects Insurance Will Help Cover $14.9M Wrongful Conviction Settlement

Insurance Journal

million to a citizen who spent 36 years in prison for a crime he did not commit. A Massachusetts town has agreed to pay $14.9 Town officials in Braintree said they hope to recover much of that payment from its …

Crime 261