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06, 2016
Haley Vetoes South Carolina Moped Safety Bill
South Carolina Gov. Nikki Haley has vetoed a moped safety bill, saying it is government overreach to require reflective vests for nighttime driving and helmets for drivers under 21. People over 18 “should decide for themselves what they should wear …
17
06, 2016
American Family Insurance Seeks Change in Corporate Structure
American Family Mutual Insurance Co., headquartered in Madison, Wis., announced the filing of a plan to create a mutual holding company that it says would provide more flexibility to pursue customer-driven initiatives while preserving the company’s founding principle of policyholder ownership. …
16
06, 2016
Vullo Confirmed as New York Superintendent of Financial Services
The New York State on Wednesday confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New York State Department of Financial Services (NYDFS), was unanimous. …
16
06, 2016
North Alabama Water Diluted to Lower Contamination Levels
A water system that had to tell its 10,000 customers not to drink from their taps has brought chemical contamination down to federally acceptable levels by diluting it with water from another north Alabama utility, officials said Tuesday. Even so, …
16
06, 2016
As On-Demand Economy Grows, Professor Sees New Kind of Capitalism Emerging
It goes by many names: the “sharing economy,” the “gig economy,” the “on-demand economy.” Arun Sundararajan, a professor at New York University’s Stern School of Business who has been studying the phenomenon for several years, favors “crowd-based capitalism.” But he …
16
06, 2016
Allied World Addresses Non-Payment Exposure With Accounts Receivable Coverage
Allied World Assurance Company Holdings, AG has launched its Accounts Receivable Insurance in the United States and Canada. The coverage is designed to assist CFOs and senior financial executives with mitigating the risk of non-payment due to customer default or …
16
06, 2016
Weather Service Puts Montana Tornado at EF-3 Level
A preliminary storm survey determined a tornado that hit the east-central Montana town of Baker last weekend reached the EF-3 level, matching the strongest tornadoes ever recorded in the state, the National Weather Service said. The tornado was on the …
16
06, 2016
Fingerprinting Is Key Sticking Point for New Jersey’s Rideshare Regs
When Democratic New Jersey Assemblyman Joseph Lagana decided to regulate ride-sharing companies like Uber and Lyft in the state, his said his main priority was making sure the drivers were properly insured. Two years later, his measure includes a provision …
16
06, 2016
Citigroup Sues AT&T, Says It Owns Trademark to ‘Thank You’
Citigroup Inc. sued AT&T Inc. on Friday, saying the phone company’s use of “thanks” and “AT&T thanks” in a new customer loyalty program infringed its trademark rights to the phrase “thankyou.” The lawsuit may threaten the business relationship between two …
16
06, 2016
Virginia Says 172K Former Licensed Agent Records May Have Been Breached
Virginia’s State Corporation Commission (SCC) is advising former licensed insurance agents of the potential improper access to their personal data by a former contractor. The suspected compromise of personal data pertains to archived Bureau of Insurance records of insurance agents …