regulations News

Rebates, Referrals and Rewards in Texas — What’s OK and What’s Not?

What are the rules governing insurance agents in Texas on rebates, referrals and rewards, and why do they matter? For starters, at a minimum, an agent could lose their license for violating rules regarding such activities. And, they could potentially be …

50th International Insurance Society Seminar Convenes in London

The International Insurance Society (IIS) has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened this morning in London at the Park Plaza Westminster Bridge Hotel …

Williston, North Dakota Cracks Down on Unlicensed, Uninsured Taxis

The Williston, N.D., city commission has approved a new taxi cab ordinance that will fine drivers for operating a vehicle without a city license or insurance. The Williston Herald reports that the rules came after complaints from several taxi drivers …

Minneapolis Considering Regulations for Rideshare Companies

Minneapolis, Minn., is among cities across the country deciding how best to regulate app-based rideshare companies that connect drivers with passengers. Milwaukee is facing a similar challenge in neighboring Wisconsin. The Star Tribune says a hearing at Minneapolis City Hall …

Safety Fears Spur Regulations For Trampoline Gyms In Utah, California

Stephen Merrill was finishing his freshman year of college two years ago when he and a group of friends went to an indoor trampoline park in Utah for a day of flipping, jumping and bouncing. At one point, Merrill leaped …

South Dakota Insurance Firm to Pay Penalty, Comply With Law

The state Insurance Division says a South Dakota-based insurance company has agreed to pay a penalty of $25,000 and comply with insurance laws and regulations. The division says it has completed an examination of ReliaMax Surety Co., which issues surety …

Utah County Considers Regulating Trampoline Parks

Utah County officials are considering regulating trampoline parks after the county’s emergency room doctors reported dozens of serious injuries from the centers in the past year and a half. Lance Madigan of the Utah County Health Department says ER doctors …

Agency Investigating Plant Blast Finds Lax Chemical Regulation

A federal agency investigating a deadly explosion at a Texas fertilizer plant will tell a Senate committee that regulation of the dangerous chemicals used in the industry fall under a “patchwork” of standards that are decades old and are far …

Fitch Downgrades Argentine Insurers Ratings after Sovereign Downgrade

Fitch Ratings has downgraded the long-term National Scale ratings of 12 insurance companies in Argentina, and has also revised the companies’ rating outlooks to negative from stable. Fitch said it took the rating actions following its Nov. 27 downgrade of …

EU’s Debt Crisis Saps its Ability to Lead Climate Change Debate

The EU’s debt crisis has sapped its ability to lead the way in global climate talks, which began in Doha on Monday, and to build on a fragile victory it clinched a year ago. The European Union is one of …