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New York Financial Regulator to Delay Cyber Security Rules

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 …

6.4 Million Have Signed Up for Obamacare Since Nov. 1, Says HHS

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 …

All Risks to Provide E&O Coverage to PIA of Florida Members

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 …

Trump Taps Billionaire Icahn, Activist Investor and Dodd-Frank Critic, as Regulation Advisor

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 …

Hiscox UK Taps AIG’s White as London Regional Mgr, Professional & Specialty Lines

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 …

Arthur J. Gallagher Acquires Louisiana’s Group Insurance Associates

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 …

Google Confidentiality Agreement Is Unlawful, Claims Employee in Lawsuit

A Google Inc. product manager has sued the company, accusing it of unlawfully prohibiting employees from sharing concerns with coworkers, shareholders or the press, and maintaining a “spying program” to prevent leaks. In the class action lawsuit filed on Tuesday …

Data Breaches of Internet Giants & Online Services Pose Major 2017 Cyber Threats

Potential leaks of personal user data collected by internet giants and online services will be one of the major cyber-security threats of 2017, according to computer safety company Kaspersky Lab. “Users have de facto become hostages as today they can’t …

China’s Regulator Toughens Insurer Licensing Requirements: Sources

China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people with knowledge of the matter. Concerns …

Wal-Mart to Pay $75K to Settle Illinois Disability Discrimination Lawsuit

Wal-Mart Stores Inc. will pay a former employee $75,000 to settle a federal disability discrimination lawsuit filed over the company’s alleged actions in regard to an employee at a store Hodgkins, Ill. The lawsuit filed by the U.S. Equal Employment …

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