Hull and Co Denver

October 22, 2020North Carolina Agency Owner Sentenced to 5.5 Years for $400K Loan Scheme
A North Carolina insurance agent has been sentenced to 5.5 years in prison in federal court after being found guilty of orchestrating a $400,000 fraudulent loan scheme involving insurance premiums, according to the U.S. Attorney for the Western Distr …

October 22, 2020MJ Insurance Names BridgePoint’s Sargent Director of Personal Insurance in Arizona
MJ Insurance has named Leighann Sargent director of personal insurance. Sargent is based in Phoenix, Ariz., and will lead MJ’s personal insurance strategy, operations and support the company’s growth. Sargent comes to MJ from BridgePoint Risk Managem …

October 22, 2020FCC Says It Has Authority to Change Social Media Liability Shield
The top lawyer at the U.S. Federal Communications Commission (FCC) said Wednesday the telecommunications regulator has legal authority to redefine the immunity shield protecting social media companies that could make it easier for users to file lawsu …

October 22, 2020California Trucking Firm Owners Charged in Alleged $450K Workers’ Comp Fraud
Trucking company owners Hardip Singh, 44, and Amandeep Kaur, 36, were charged this week with multiple counts of insurance fraud after allegedly misclassifying employees as independent contractors in a scheme to underreport payroll by more than $1.4 m …

October 22, 20201 in 4 Businesses Has Experienced Cyber Event, Travelers Survey Finds
Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index said their firm was the victim of a cyber event – the highest percentage since the annual survey began in …

October 22, 2020California Electrician Sentenced for Defrauding Workers’ Comp Providers, Employers
Michael Ray Williams, 37, of Daly City, Calif., was sentenced to 60 days in county jail and three years formal probation after pleading no contest to two felony counts of insurance fraud after illegally working for multiple employers while simultaneo …

October 22, 2020Cryptocurrency Exchange Bitstamp Adds Lloyd’s-Backed Crime Insurance Policy
Bitstamp, a cryptocurrency exchange, has expanded the insurance offered to its customers with an additional crime insurance policy. The crime insurance policy is offered by specialist insurance brokers, Paragon International Insurance Brokers in coor …

October 22, 2020USI Insurance Services to Acquire Findley of Tennessee
USI Insurance Services has entered into a definitive agreement to acquire Nashville, Tenn.-based Findley, Inc. Subject to customary closing conditions, including regulatory approvals, the transaction is expected to close in November 2020. Founded in …

October 22, 2020North Carolina Insurance Magnate Begins Prison Term
A North Carolina insurance magnate and prolific political donor has started serving a federal prison sentence for corruption-related convictions. Greg E. Lindberg was in custody on Tuesday at a minimum-security prison in Montgomery, Alabama, accordin …

October 22, 2020Purdue Pharma to Plead Guilty Over Opioid Practices; Critics Balk at Terms
Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying billions of dollars in penalties and stopped short of cr …