Monthly Archives: <span>September 2016</span>

Maryland’s Amended Premium Increase Notice Requirement to Take Effect

The reenacted Maryland Insurance Article set to take effect on Saturday, Oct. 1, is expected to lift the administrative burden and lack of clarity caused by mandatory notification of minor premium increases, according to a press release issued by the …

European Union Nations Fast-Track Approval of Paris Climate Agreement

European Union nations agreed to a fast-track ratification by the 28-member bloc of the Paris climate agreement, a step that could enable the most sweeping accord to combat global warming to come into force next month. The European Parliament, whose …

CNO Financial Ends Ties with Beechwood Re, Sues Over Hedge Fund Exposure

CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of …

New Jersey Train Service Suspended as Investigators Seek Cause of Crash

Thousands who rely on the Hoboken terminal in New Jersey may face longer than usual commutes and heavy crowds on Friday as investigators try to determine why a commuter train crashed into the station, killing a woman and injuring more …

Japanese Creditors Oppose Takata Seeking Bankruptcy Protection

All five bidders seeking to bail out Japan’s beleaguered Takata Corp. have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told Reuters. But some Japanese creditors have opposed …

Wal-Mart Employee Sets 3 Fires Inside Massachusetts Store

Police are looking for an employee of a Massachusetts Wal-Mart they say set three fires inside the store, forcing the disposal of all the food on the sales floor. Police say they identified the suspect through security video. She was …

European Food Safety Agency to Release Data on Weedkiller Roundup

Europe’s food safety watchdog will release data from some of the scientific studies it reviewed in its assessment of glyphosate, an ingredient in Monsanto’s widely used herbicide Roundup and subject of a fierce row over possible cancer risk. The European …

Saudi Arabia Greets 9/11 Lawsuit Bill with Public Silence, Private Bristling

A U.S. law allowing lawsuits against Saudi Arabia over the Sept. 11 attacks met a stony silence from Riyadh on Thursday but some Saudis bristled, saying the kingdom should curb business and security ties in response. The Senate and House …

Greenberg: Managers’ Concerns Fueled Auto Warranty Reinsurance Deal

Less than an hour into the third day of testimony in the fraud trial of former American International Group Inc. Chairman Maurice “Hank” Greenberg, the judge took the reins. New York State Supreme Court Justice Charles Ramos interrupted Assistant Attorney …

Wells Fargo Employees Claim They Were Fired for Reporting Sales Tactics

At least five Wells Fargo employees have sued the bank or filed complaints with regulators alleging that they were fired after reporting the opening of customer accounts without their permission, according to a Reuters review of lawsuits and complaints to …