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11, 2015
It’s 2026, There’s a Food Security Crisis— How Does World Respond?
The year is 2026. Flooding, worsened by climate change, has devastated Bangladesh and driven millions of hungry refugees to its border with India. Worried about unrest and disease, India asks other nations for help. The U.S. and China respond — …
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11, 2015
N.J. Gov. Signs Multilingual Producer Licensing Examination Bill
New Jersey Gov. Chris Christie signed into law A-4144/S-2755 on Monday. The law goes into effect 180 days after the governor’s signing. The measure had passed the Assembly on May 14 and the Senate on Sept. 24. The new law …
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11, 2015
ISS Advice on Willis Towers Watson Deal Prompts Short-Term Shareholder Activism
Institutional Shareholder Services’ recommendation that Towers Watson & Co. investors vote against the proposed merger with Willis Group Holdings Plc is legitimizing short-term shareholder activism, ValueAct Capital Management said. The report encourages “bumpitrage,” which is where shareholder activists purchase the stock of …
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11, 2015
Florida Joins International Information Exchange Agreement
The Florida Office of Insurance Regulation (OIR) has joined as the 55th jurisdiction internationally to be admitted as a signatory to the International Association of Insurance Supervisors (IAIS) Multilateral Memorandum of Understanding (MMoU), Florida Insurance Commissioner Kevin McCarty announced. Established …
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11, 2015
German Advisers Warn Europe’s Low Interest Rate Policies Risk Financial Stability
The German government’s panel of economic advisers said on Wednesday the European Central Bank’s low interest rates were creating substantial risks, and Finance Minister Wolfgang Schaeuble warned of a “moral hazard” from loose monetary policy. The double-barreled message came after …
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11, 2015
N.Y. Authorities Take Additional Steps to Protect Health Republic Customers
New York state authorities say they are taking additional steps meant to protect people covered by Health Republic Insurance as it shuts down. The New York State Department of Financial Services and Department of Health say about 100,000 individual members …
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11, 2015
Insurers Face Claims of $600 Million from Brazilian Mine Disaster: Sources
Insurers covering risks for a Brazilian mine where two dams burst last week, killing at least six people, could pay up to $600 million in claims, a source with direct knowledge of the matter said on Monday. A property policy …
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11, 2015
North Carolina Denied Disaster Declaration for 8 Counties by FEMA
North Carolina Gov. Pat McCrory says he will appeal the federal government’s decision refusing aid for eight coastal North Carolina counties for damage caused by heavy rains and flooding in late September and early October. McCrory said Tuesday the Federal …
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11, 2015
Zurich Insurance Plans to Replace CEO Senn: Swiss Magazine Report
Zurich Insurance Group is seeking a replacement for Chief Executive Officer Martin Senn, according to Swiss business magazine Bilanz. Switzerland’s biggest insurance company has hired the London executive search firm MWM Consulting to conduct the search, Bilanz reported Thursday on its website, without …
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11, 2015
J.M. Wilson Adds Witkowski as Assistant Transportation Underwriter
Managing general agency, J.M. Wilson, has added Amanda Witkowski as assistant transportation underwriter in its Arlington Heights, Ill., office. Witkowski is responsible for assisting the transportation underwriting department with setting up policies for issuance and serving independent insurance agents in …