Author: completebodyneeds

Kansas Insurance Commissioner Vicki Schmidt announced an Atchison County woman has been sentenced to 12 months of probation for insurance fraud. Amber Conner, aged 30, pleaded guilty on July 13, 2026, in Atchison County District Court to one felony count of insurance fraud. Conner opened a new policy with her insurance company, knowing her vehicle had already been damaged in a previous event, then falsely reported the date of loss in an attempt to gain coverage for damage to her vehicle. She was sentenced on August 24, 2026, to 12 months of probation. “Every time someone commits insurance fraud, it…

Howden Re, the reinsurance arm of insurance broker Howden, is partnering with the modeling company Synthetik Insurance Technologies, to launch an analytical tool designed to help insurers and reinsurers better understand, quantify, and manage strikes, riots and civil commotion (SRCC) risk. The tool, called “UNREST,” combines property-level analytics and dynamic event simulation to provide a more granular view of SRCC exposure and potential loss scenarios. Designed to support underwriting, portfolio management and reinsurance decision-making, it helps users identify concentrations of risk, assess accumulation potential, and understand the potential impact of SRCC events across portfolios, Howden Re said. Insured losses from…

Atlanta-based Builders Insurance Group has named David Jasmund, a longtime board member and investment banker, as chairman of the board. Jasmund Jasmund succeeds Charles Potok, who retired last month after three years as chairman, the company said in a news release. Jasmund has served on the Builders board since 2009. Since 1997, he also has served as managing director of PCE Investment Bankers, based in Orlando. Before that, he co-founded a group of insurance companies that have grown to more than 1,200 associates. His Linkedin page shows he was president and owner of Executive Risk Consultants and PCA, a property-casualty…

Fighting between the US and Iran over control of the Strait of Hormuz intensified after a period of relative calm, triggering a fresh jump in energy prices as fears grow of an open-ended war. The US military carried out a second round of strikes in three days overnight, targeting radar systems and mine-laying capabilities along Iran’s southern coast. Iran retaliated with drone and missile volleys on US bases across the Middle East, in line with a pattern used throughout the six-month war. Tehran accused the US of hitting a wedding ceremony in the southern coastal city of Sirik,with the Iranian…

Life-threatening flash flooding was hitting areas of East Texas north of Beaumont early Wednesday morning, as more than 20 inches of rain had fallen from the remnants of Tropical Storm Edouard in some places, federal forecasters said. At least one evacuation had taken place from water entering a structure as heavy rain bands swept over the communities of Kountze, Honey Island and Village Mills, according to the National Weather Service office in Lake Charles, Louisiana. Forecasters urged people to get to higher ground and said potential damage could be catastrophic. Rain had already soaked the area when the center of…

Another round of severe thunderstorms is threatening the US and Canada, from the Great Lakes to New Jersey, promising to disrupt flights and cause power outages. There is a level two risk of severe thunderstorms from Michigan to New Jersey on Wednesday, the US Storm Prediction Center said, with the potential for southern New York to be hit in the evening. Yellow warnings have been posted in southwest Ontario by Environment and Climate Change Canada. “Damaging wind gusts are the main threat, though some large hail and a few tornadoes may also occur,” the US Storm Prediction Center said. Depending…

Despite months of lobbying and significant political campaign contributions by Ryan Turner Specialty brokerage, the winning bid for management of part of a Florida Citizens Property Insurance commercial clearinghouse has been awarded to another brokerage. At a meeting Tuesday, Citizens officials announced that the contract for the controversial clearinghouse manager for commercial policy depopulation was awarded to Bridge Specialty Wholesale, a division of the Brown & Brown, the national brokerage headquartered in Daytona Beach. The management contract is for creation and management of a system that will let agents find surplus lines insurers that will write commercial policies now held…

The Texas A&M Forest Service launched an insurance program this week to provide liability protection for qualified certified and insured prescribed burn managers (CIPBMs). The Texas Prescribed Burn Manager Insurance Program was created in response to a recent House Bill establishing a temporary self-insurance pool for CIPBMs. Prescribed burning, also known as a control burn, is a cost-effective planned burn that clears out dead wood, dry leaves and thick brush in order to prevent future wildfires from spreading. “Through the Texas Prescribed Burn Manager Insurance Program, Texas A&M Forest Service is fulfilling that land-grant promise by empowering land managers with…

Cincinnati Financial Corporation announced that Marc J. Schambow, CPCU, AIM, ASLI, chief claims officer for its property casualty subsidiaries, led by The Cincinnati Insurance Company, will retire in January 2027. Schambow has served as Cincinnati’s top claims officer since 2020, capping a nearly 40-year career with the company. After serving agents and policyholders as a field claims representative in Wisconsin for nearly a decade, he moved to Ohio as a casualty claims supervisor in 1997. Schambow became the first claims manager for The Cincinnati Specialty Underwriters Insurance Company in 2007 and transitioned to lead the field claims team in 2014.…

Tankers and cargo ships are transiting the Bosphorus strait adorned with nets, water tanks and tires to try to fend off growing Russian and Ukrainian drone strikes in the Black Sea, according to security experts and video obtained by Reuters. In a stark illustration of the risks, the abandoned Russian-flagged cargo ship Omskiy-107 – its command deck burned out – drifted from Russian waters to a northern Istanbul beach east of the Bosphorus, one of the world’s busiest shipping routes. Ukraine has stepped up attacks on ships and infrastructure facilitating Russian oil and grain exports since July, when Russia intensified…