seth

Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B

Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday. That brought SMBC’s total recoveries …

Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B Read More »

Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk

Cyber insurers are offering tools that could significantly reduce your identity risk—but most organizations aren’t using them. One of the most significant advancements in the sector is the increased emphasis on loss control services. These services are designed to mitigate …

Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk Read More »

California Security Company Owner Sentenced in $3.4M Workers’ Comp Fraud Case

The owner of a San Jose-based security company was sentenced after a California Department of Insurance investigation reportedly uncovered a multiyear scheme to underreport payroll and avoid paying workers’ compensation insurance premiums. Raul Chavez, 40, pleaded guilty to felony premium …

California Security Company Owner Sentenced in $3.4M Workers’ Comp Fraud Case Read More »