The state of Michigan has reached a settlement with a suburban Detroit landfill operator over compliance issues. Arbor Hills Landfill in Salem Township is required to pay fines and the cost of emissions monitoring and measuring equipment as part of …
The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as underwriting, rating and insurance producer and sales issues. That’s according to a review by Wolters Kluwer …
The New York State Department of Financial Services (DFS) has fined YourPeople Inc., doing business as Zenefits FTW Insurance Services, $1.2 million for allowing unlicensed employees to sell insurance and failing to implement adequate compliance controls and employee training, according …
The Texas insurance regulators have fined human resources software startup, Zenefits, $550,000 for its past use of unlicensed health insurance brokers. The Texas Department of Insurance said YourPeople Inc., more commonly known as Zenefits, used unlicensed staff to sell and …
A review of state insurance regulators’ examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to be the top criticisms. According to compliance and risk management firm Wolters Kluwer Financial Services, the data compiled for its …
ACE Insurance, part of the ACE Group of insurance and reinsurance companies, based in Singapore, recently released a report on Structuring Multinational Insurance Programs for the marine markets. The report was jointly written by Suresh Krishnan, General Counsel for ACE’s …
