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Litigation: SEC Charges Ex-Director of Investor Relations With Insider Trading

February 23, 2022

The Securities and Exchange Commission today charged John-Michael Havrilla, a former employee of medical device company PAVmed Inc., for insider trading in advance of the company's April 2020 positive earnings announcement. The SEC's complaint, filed in federal court in Manhattan, alleges that three days before the April 9, 2020 earnings release, Havrilla,…

Calif. U.S. Attorney: First Defendant in $25M, Prison-Based Unemployment Insurance Fraud Scheme Pleads Guilty

February 23, 2022

The U.S. Attorney for the Eastern District of California, Phillip A. Talbert, issued the following news release on Feb. 22, 2022:. Daryol Richmond, 31, a Kern Valley State Prison inmate pleaded guilty today to conspiracy and aggravated identity theft charges for his role in a $25 million unemployment insurance fraud scheme during the COVID-19 pandemic, U.S….

Sens. Hickenlooper, Bennet, Colleagues Urge Biden Administration to Crack Down on Insurance Companies That Illegally Deny Women Access to Birth Control

February 23, 2022

John Hickenlooper, D- Colorado, issued the following news release:. U.S. Senators John Hickenlooper and Michael Bennet joined Senator Maggie Hassan and a group of their colleagues in calling on the Biden administration to improve enforcement of the federal law that guarantees complete coverage of birth control for women who get their health insurance…

AXA XL Adds New Strategic Partnerships Role In Design Professional Insurance Business

February 23, 2022

Based in AXA XL's Atlanta office, and reporting to Douglas Strong, Chief Underwriting Officer, Design Professional, Ms. Kendall will lead a team directing Design Professional's business development, marketing, and industry partnering initiatives. Her responsibilities include supporting AXA XL's national program partnerships with key architect,…

Semsee Announces Series B Led by 01 Advisors

February 23, 2022

–Semsee, the go-to platform for selling commercial insurance, today announced it has raised a Series B funding round led by Dick Costolo and Adam Bain's 01 Advisors, with participation from existing investor the D. E. Shaw group, through its venture studio DESCOvery. Former insurance executive Jonathan Crystal, Managing Partner, Crystal Venture Partners, is also…

Softheon Releases 2021 Affordable Care Act (ACA) Report on Billing and Enrollment Trends to Predict Member Terminations

February 23, 2022

Examining ACA subscriber, payment, and grace period data from the first three months of a health plan year, Softheon predicted with 80% accuracy which members would experience a lapse in their coverage due to nonpayment during the plan year. Serving over 90 health plan carriers, Softheon has unique insight into how plans can interpret enrollment and ongoing…

EverQuote Announces $15 Million Private Placement Investment by Chairman and Co-Founder

February 23, 2022

–EverQuote, Inc., a leading online insurance marketplace, today announced that it has signed an agreement for a $15 million private placement investment by Recognition Capital, LLC, an entity which is owned and controlled by David Blundin, Chairman of the Board of Directors and Co-Founder of EverQuote and a longtime investor in the company..

Trōv Technology Assets Acquired by Travelers

February 23, 2022

–Trōv, one of the earliest and most widely recognized insurtechs, today announced that its technology has been acquired by The Travelers Companies, Inc., a leading provider of property casualty insurance for auto, home and business. Scott Walchek, Founder and CEO of Trōv, attributes the transaction to the company's years of experience at the forefront of…

Oakbridge Insurance Extends Footprint in North Georgia Through Partnership with Shield Insurance Partners

February 23, 2022

The partnership extends Oakbridge's footprint throughout the Southeast and is part of the agency's aggressive expansion. Additionally, Shield's personal service lines in automotive, homeowners, private client, recreational vehicle, umbrella and flood will complement Oakbridge's offerings. "Shield Insurance Partners has built a comprehensive…

Letter to the editor: reconsider masking BOE

February 23, 2022

On Monday, February 14th, at the regularly scheduled Watauga County School Board meeting, I along with some other parents served the board members, Superintendent, Assistant Superintendent, and Finance Officer with Letters of Intent to file insurance claims against their surety bonds. Those of us who made the choice to take this step against the school board…

Greenlight Capital Re, Ltd. Schedules Fourth Quarter and Year End 2021 Financial Results and Conference Call

February 23, 2022

GRAND CAYMAN, Cayman Islands—- Greenlight Capital Re, Ltd., a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter and year ended December 31, 2021, after the market closes on Tuesday, March 8, 2022. A telephone replay of the call will be available from…

News briefs

February 23, 2022

Assemblymember Cecilia Aguiar-Curry has introduced Assembly Bill 2516, to require that all health insurance programs, including Medi-Cal, Family Planning Access Care Treatment and private health insurance providers cover the costs of the cancer-preventing vaccination for the human papillomavirus. According to the Centers for Disease Control and…

STATE DEMOCRATS REVIVE PUSH FOR PAID LEAVE POLICY POLITICS

February 23, 2022

With efforts to enact a federal paid family and medical leave policy stalled, Wisconsin Democrats are reviving an effort to implement one at the state level. Sondy Pope, D- Mount Horeb, told reporters on Monday they are reintroducing a bill to create a Wisconsin Family and Medical Leave Insurance program. The legislation would make all Wisconsin workers…

Club Vita Restructures to Satisfy Growing International Demand for Longevity Data Services

February 23, 2022

Longevity data analytics company consolidates UK, US and Canadian operations in newly formed independent business. LONDON& TORONTO& HOBOKEN, N.J.—- Club Vita, an international leader in longevity analytics, today announced the consolidation of its operations in the UK, US and Canada under a sole parent company, Club Vita LLP. Club Vita was originally founded in the…

Property Insurance Shopping Into Negative Figures For First Time In 18 Months

February 23, 2022

–Despite optimism at the outset of the quarter, property and auto insurance shopping trended below 2020 levels at the end of 2021. TransUnion’ s latest Personal Lines Insurance Shopping Report found auto insurance shopping was down an average of 12.5%, while property insurance shopping dropped an average of 3.4%, compared to the same time period in 2020..

LETTER: Don't become a victim of Medicare fraud

February 23, 2022

No one ever thinks they could be a victim, until it happens to them. People who take advantage of others are often very savvy. They pay attention to what is happening in people's lives that they can exploit.

Lefty might be left out of PGA Tour moving forward

February 23, 2022

Lately, Phil Mickelson and his involvement with a rival world golf tour jammed my gears. Lefty's story begins with Alan Shipnuck, the former Sports Illustrated and Golf Magazine writer who is in the process of finishing a book about Mickelson. The way Shipnuck tells it, Mickelson just couldn't help himself and felt compelled to grant an interview when it came to…

Michael Arace: Does Phil Mickelson want to use Greg Norman, Saudi Arabia to cover spread?

February 23, 2022

Lately, Phil Mickelson and his involvement with a rival world golf tour jammed my gears. Lefty's story begins with Alan Shipnuck, the former Sports Illustrated and Golf Magazine writer who is in the process of finishing a book about Mickelson. The way Shipnuck tells it, Mickelson just couldn't help himself and felt compelled to grant an interview when it came to…

‘Abrupt and traumatizing.’ Beauty queen dead after accident in Miami, family says [Miami Herald]

February 23, 2022

A 27- year-old beauty queen and activist died in Miami on Friday and her family is in shock. According to the Miami Police Department, officers responded to“ a possible suicide attempt,” at around midnight Feb. 11 at condo in the Edgewater area. Investigators say the victim“ fell out of a third-floor window” and was transported by Miami Fire Rescue to Jackson Memorial…

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