FAA Hopes to Send Message with $1.9 Million Penalty Against Drone Photographer October 7, 2015 By Alan Levin The U.S. Federal Aviation Administration is proposing the largest fine to date against a drone operator as the agency cracks...
UK Insurers & Banks Must Appoint Whistleblower ‘Champion’ in UK Rules October 7, 2015 By Suzi Ring UK banks and insurers must appoint a senior manager to “champion” internal whistleblowers as regulators attempt to protect tipsters who...
Japan Post’s IPO Listings – Which Include Insurer Unit – Could Raise Nearly $12B October 7, 2015 By Taiga Uranaka State-owned Japan Post on Wednesday set indicative price ranges for a trio of initial public offerings in what it hopes...
Former Georgia Peanut Managers Get Prison Time for Salmonella Outbreak October 7, 2015 By Russ Bynum Two former managers of a Georgia peanut plant were sentenced to federal prison for their roles in a deadly salmonella...
Lyft to Open Customer Experience Operations in Nashville October 7, 2015 A San Francisco-based rideshare service is investing more than $5 million to locate its new operations in Nashville and create...
If Auto Injury Claims Frequency Is Falling, Why Are Claims Costs Rising? October 7, 2015 Auto insurance bodily injury claims costs are still increasing in the United States, even though better vehicle safety has helped...
Florida Massage Therapist Arrested for PIP Fraud Against Multiple Insurers October 7, 2015 The Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of John Alexander Fraga (aka Juan Alejandro...
IRB Brasil Postpones IPO Amid Stock Market Turmoil: Reuters October 7, 2015 By Fox Hu IRB Brasil RE, the country’s biggest reinsurer, postponed its initial public offering amid market turmoil, Reuters reported, citing unidentified people...
Validus Reaseguros Appoints Beltran as Head of Treaty Reinsurance October 7, 2015 Validus Re, the reinsurance division of Bermuda-based Validus Holdings Ltd., has appointed Jorge Beltran as executive vice president, head of...
Insurance Australia CEO Wilkins to Retire Next Month; Harmer Named Successor October 7, 2015 By Narayanan Somasundaram Insurance Australia Group Ltd. Chief Executive Officer Mike Wilkins will step down next month after seven years at the helm...