Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector assets, raising financial risks in the world’s second-largest economy, rating agency Moody’s Investor Service said on Wednesday. Shadow banking assets …
Disabled Veterans Insurance Careers (DVIC), the non-profit organization that helps train, educate and create employment opportunities within the insurance industry for disabled veterans, celebrated the graduation of Joanne Smith on June 30. Smith completed DVIC’s insurance training program. The five-month …
Zenefits reached its first settlement with a state government over its use of unlicensed health insurance brokers, an issue that prompted investigations in at least three other states and led its founding chief executive officer to resign this year. As …
Toledo, Ohio, collected almost $630,000 during its first four months of using hand-held cameras to catch speeding drivers, providing a financial boost to a city facing budget troubles. The program was expected to generate $800,000 in a year but is …
Joseph Lachance has joined the sales team at Aspen Insurance Agency in Manchester, New Hampshire, where he will focus on personal lines and mid-size commercial lines business. Lachance is a licensed insurance producer with a background in education and law …
Texas Windstorm Insurance Association member companies that want to participate in the Assumption Reinsurance Depopulation Program may now submit required documentation to both TWIA and the Texas Department of Insurance (TDI), the organization announced. The deadline for submissions is Aug. …
International broker and risk management firm Integro Insurance Brokers has started a new cyber risk practice focused on exposures beyond the commonly accepted definition of data or ‘knowledge assets.’ According to James Sheehan, Cyber Risk practice leader, the exposure created …
Michael D. Farley has joined the Ohio Insurance Institute (OII) as vice president of legal and government affairs. Farley will assume leadership of the association’s legislative and regulatory affairs initiatives, a position previously held by OII newly appointed president Dean …
Verona, Wis.-based insurance agency B.Goll & Dunn announced it has changed its name to Thomas Bradley Insurance. The name change is part of a larger rebranding corporate identity effort, including a new logo, color schemes, and recently launched website. The …
Seismologists researching minor earthquakes that since 2014 shook the Dallas area say disposal of wastewater from oil and gas production and hydraulic fracturing likely caused the tremors. The Dallas Morning News reports details of the Southern Methodist University study are …
