P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1 December 27, 2018 By Andrew G. Simpson Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes...
Former Insys CEO Babich Pleads Guilty to Opioid Prescription Bribe Scheme December 27, 2018 By Nate Raymond The former chief executive of Insys Therapeutics Inc. has agreed to plead guilty to participating in a scheme to bribe...
Ineffective Anti-Drone Systems Leave U.S. Airports Facing Risks Like London’s December 27, 2018 By Alan Levin, Ryan Beene and Justin Bachman U.S. airports may be just as vulnerable as London’s Gatwick airport to the kind of illegal drone incursions that shut...
Insurance, Banking Groups Balk at Limits on Flood Insurance Operations During Shutdown December 27, 2018 By Andrew G. Simpson As indicated by a report by Insurance Journal over the holidays, the Federal Emergency Management Agency (FEMA) is limiting the...
President Signs Flood Insurance Extension But Government Shutdown Could Limit Operations December 22, 2018 By Andrew G. Simpson On Friday, December 21, 2018, President Trump signed into law a measure reauthorizing the National Flood Insurance Program until May...
Lloyd’s Underwriters Agree to Settle Charges Related to NRA-Branded Insurance December 21, 2018 By Elizabeth Blosfield In a December 20 consent order, 10 Lloyd’s of London underwriters have entered into an agreement to pay $5 million...
A.M. Best: Negative Rating Implications from Wildfires for California Capital And Subsidiaries December 21, 2018 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...
U.S. Signs Agreement with UK Covering lnsurance Regulation Post-Brexit December 21, 2018 As they previously announced they would do, the U.S. Treasury and U.S. Trade Representative have officially signed an agreement with...
New Suit Alleges Clergy Sex Abuse by New Mexico Priest December 21, 2018 By Susan Montoya Bryan Another lawsuit has been filed against the Catholic Church, alleging sexual abuse of a child by a now-deceased priest who...
20 Indicted in Washington for Staging Crashes to Defraud Auto Insurers December 21, 2018 Twenty people have been indicted by a grand jury in Spokane, Wash., for allegedly staging vehicle crashes to defraud insurance...