BEIJING — Chinese financial watchdogs on Thursday summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, to order them to strengthen compliance with regulations, the central bank said. The move by the four regulators is part …
The Surplus Lines Stamping Office of Texas (SLTX) reported that the state has seen record-breaking premiums in the first quarter of 2021, with a total of $2 billion in premium representing a 20.1% increase over the same period in 2020. …
U.S. regulators should strengthen their oversight of insurers to prevent potential overcharging and discrimination in selling coverage for cars and homes, a consumer watchdog group said on Thursday. The campaign by the Consumer Federation of America (CFA) comes after an …
A few days after employees at Midwest Warehouse and Distribution System Inc. gathered in its Naperville, Ill., facility breakroom for a luncheon, some workers experienced symptoms consistent with coronavirus exposure. Employees began reporting to the company that they had tested …
InterWest Insurance Services has named Brad Espinosa senior director in its surety division. He will be based in Sacramento, Calif., and report to Keith Schuler, president and CEO of InterWest Insurance Services. He has more than 12 years of experience …
It has not happened yet but the proposed merger of large global insurance brokers Aon and Willis Towers Watson is already being felt at competitor MarshMcLennan. MarshMcLennan is capitalizing on the marketplace disruption brought about by the pending marriage of …
Insurers have increased by 25% since the end of last year estimates of the claims costs for three hurricanes that struck Louisiana in 2020, according to the state insurance department. The Louisiana Department of Insurance reported that insurance companies now …
China published draft rules on Thursday to ensure the security of data generated by connected vehicles, as the proliferation of smart cars such as Teslas, fuels concerns about privacy and national security. Last month, U.S. electric car maker Tesla Inc. …
The Texas House gave approval on April 28 to a bill that would expand the state’s medical cannabis program to include those with chronic pain, all cancer patients and Texans suffering from PTSD. House Bill 1535, by Rep. Stephanie Klick, …
A proposed multi-billion pound British class action against Google, which alleges the internet giant secretly tracked millions of iPhone users, is not viable and should not be allowed to proceed, the Supreme Court was told on Wednesday. Antony White, a …