December 22, 2016
The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a prediction for the future of …
December 22, 2016
Insurance startup Lemonade is eyeing a national expansion and has filed for licenses to operate in 46 states and the District of Columbia. The peer-to-peer insurer that is focused on renters and homeowners insurance is pursuing the broader regulatory approval …
December 22, 2016
The former nanny of Pittsburgh Penguins player Chris Kunitz was sentenced Tuesday to five years in federal prison for setting fire to her rental residence and then filing fraudulent insurance claims for the contents. The public defender for Andrea Forsythe, …
December 22, 2016
Vermont Governor-elect Phil Scott announced he would reappoint Michael Pieciak as commissioner of the Department of Financial Regulation. The department will also retain the deputy commissioners for each of its four divisions, which include Cynthia Stuart for Banking, Kaj Samsom …
December 22, 2016
New York’s financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter said. The regulator, the New York State …
December 22, 2016
Roughly 6.4 million consumers signed up for Obamacare insurance on Healthcare.gov from Nov. 1 to Dec. 19, indicating “clear demand for quality, affordable coverage,” the U.S. government said on Wednesday. The number of people signing up for Jan. 1, 2017 …
December 22, 2016
All Risks, Ltd. has partnered with the Professional Insurance Agents of Florida (PIA of Florida), to provide professional liability errors and omissions insurance to its members. Effective Jan. 1, 2017, All Risks will become the official underwriter for insurance agents …
December 22, 2016
Billionaire Carl Icahn will advise Donald Trump on rescinding what the activist investor called “excessive regulation” on U.S. businesses, the president-elect’s transition team announced on Wednesday. Icahn will serve as a special adviser, not a federal employee, and he will …
December 22, 2016
Specialist global insurer Hiscox has announced the appointment of Trish White as London regional manager for Professional and Specialty Commercial lines within Hiscox UK. White joins Hiscox from AIG, where she had worked since 2007 in a range of roles …
December 22, 2016
Arthur J. Gallagher & Co. has acquired Group Insurance Associates Inc. in Metairie, Louisiana. Terms of the transaction were not disclosed. Founded in 1983, Group Insurance Associates Inc. (GIA) is an employee benefits insurance broker that provides all lines of …