Monthly Archives: <span>May 2018</span>

Hawaiian Volcano Slopes Offer Affordable Paradise, Risks

As lava crawled down Leilani Road in a hissing, popping mass, Cheryl Griffith stood in its path and placed a plant in a crack in the ground as an offering to the Native Hawaiian volcano goddess, Pele. Griffith lives in …

Flexpoint Invests in Propel Insurance in Pacific Northwest

Flexpoint Ford, a private equity firm focused on financial services, has made an investment in Pacific Northwest-based Propel Insurance. Terms of the deal weren’t disclosed. Following the investment by Flexpoint, Propel Insurance’s current shareholders will retain a significant ownership, according …

New York AG Schneiderman Resigns After Denying Physical Violence Allegations

New York Attorney General Eric Schneiderman said he’s resigning as the state’s highest law enforcement official, hours after a report in which four women accused him of physical violence. Schneiderman, who built his reputation as a courtroom foe of President …

The Safest and Most Dangerous Cities in the U.S.

Michigan has three and Florida two in a list of the top 10 most dangerous cities in the U.S. produced by a security industry group using FBI crime data. Based on average rate of violent crime per 100,000 population, the …

Tokio Marine Receives Approval for Subsidiary in Luxembourg

Tokio Marine Group said it has received regulatory approval from Luxembourg’s Commissariat aux Assurances and the Japanese Financial Services Authority to set up a new insurance company in Luxembourg. The new carrier, Tokio Marine Europe S.A., will operate as a …

NJ Transit to Reduce Trains to Try and Meet Safety Deadline

New Jersey Transit said Thursday it will reduce its train service over the next several months as it tries to install a federally mandated safety system by a Dec. 31 deadline. Last week, the Federal Railroad Administration sent a letter …

Maine’s MEMIC Appoints Parks as Safety Management Consultant

MEMIC, a Portland, Maine-headquartered workers’ compensation specialist, has appointed Barrett Parks to the position of safety management consultant. Parks has worked as a logger, equipment operator, technical high school instructor and most recently for the State of Maine as an …

Why Agents Should Care About Underinsurance

This post is part of a series sponsored by CoreLogic. When it comes down to it, the biggest loser in a property that is underinsured is the homeowner who may not be able to rebuild their home to the way …

Opening of China’s Financial Sector Offers Opportunities, Risks

China’s $42 trillion financial sector is set to open up to the world like never before. To deliver on longstanding pledges and help stave off the threat of tariffs from U.S. President Donald Trump, Chinese officials have set a June …

China’s New Systemic Risk Rules May Curb Giant Ant Financial

There’s no other company on Earth quite like Ant Financial. Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal, Geico, Wells Fargo and Equifax — with a bit of …