China Takes Over Insurers, Other Firms Linked to Financier Missing Since 2017 July 17, 2020 Chinese regulators will assume control of nine financial firms that are linked to a financier who was taken from a...
Investors Sue Deutsche Bank, Executives Over Compliance Fine Linked to Epstein July 17, 2020 FRANKFURT/NEW YORK— Investors are suing Deutsche Bank and its CEO Christian Sewing, alleging the bank made false and misleading statements...
Big InsurTech Connect Conference Moves From Vegas to Virtual July 17, 2020 By Mark Hollmer A surge in COVID-19 cases is forcing InsureTech Connect – one of the world’s largest insurance technology conferences – to...
Starkweather & Shepley Insurance Brokerage Acquires Newport Insurance Agency July 17, 2020 Starkweather & Shepley Insurance Brokerage Inc. (S&S) has acquired Newport Insurance Agency Inc. (NIA). Located in Middletown, R.I., with 13...
Maryland Governor Announces $501M Unemployment Insurance Fraud Case July 17, 2020 By Brian Witte Maryland uncovered a massive criminal enterprise involving identity theft and more than 47,500 fraudulent unemployment insurance claims in the state...
Virginia First State to Adopt COVID-19 Worker Safety Rules July 17, 2020 By Alan Suderman Virginia officials on Wednesday passed temporary new workplace safety rules designed to protect employees from the coronavirus, becoming the first...
Coronavirus Claims of Estimated €80B Are ‘Manageable’ for Europe’s Insurers: Moody’s July 17, 2020 The coronavirus outbreak has had an adverse, but manageable, impact on the European insurance sector, leading to a drop in...
Investors, Insurers Warned of Risk of U.S. Sanctions for Russian Pipeline Ties July 17, 2020 By Timothy Gardner and Humeyra Pamuk U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could...
Insurers Shift Real Estate Investments from Offices to Warehouses July 17, 2020 By Suzanne Barlyn Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees...
Amynta Group Acquires Surety Operations of Aspen Insurance July 17, 2020 Amynta Group, a provider of property/casualty and warranty protection products and services, has acquired the surety operations of Aspen Insurance....