Monthly Archives: <span>February 2017</span>

VW Sued by 1st Major German Firm over Diesel Scandal

Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe’s biggest carmaker over its diesel-test cheating. Volkswagen already faces numerous lawsuits from individual …

UK Firms Lack Board-Level Digital Skills to Deal with Cyber Attacks: Deloitte

Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital threats as serious risks, a report showed. In the event …

EU Should Support ‘Reasonable’ Brexit Deal for London: German Minister

The City of London offers financial services that benefit Europe as a whole and the European Union should recognize that in a “reasonable” Brexit deal with Britain, German Finance Minister Wolfgang Schaeuble said in a newspaper interview. “We don’t want …

Florida Approves 15K Citizens Policies for April Take-Outs

The Florida Office of Insurance Regulation (OIR) has approved the following company to participate in the April Citizens Property Insurance Corp. take-out period. April 18, 2017 Personal Residential Take-Out Period: Southern Oak Insurance Co. – approved to remove up to …

Explosion at Georgia Home Kills 1, Damages Neighboring Houses

A powerful explosion destroyed a home in Georgia on Friday, killing one person inside and shattering windows of neighboring houses as the blast’s shockwave was felt by people living miles away. Investigators were unable to quickly determine what triggered the …

Trump Halts Fiduciary Rule Opposed by Financial Advisors; Orders Dodd-Frank Review

President Donald Trump will order a sweeping review of the Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said, signing an executive action Friday designed to significantly scale back the regulatory system put …

Trump: Replacing Obamacare May Not Happen Until 2018

President Donald Trump said the process for coming up with a replacement for the Affordable Care Act could stretch into 2018, a longer time frame than he previously indicated. Trump’s comments came in an interview with Fox News’ Bill O’Reilly …

Fire Destroys North Carolina Apartment Building

Authorities in Greenville, N.C., say a firefighter was among four people taken to the hospital after fire caused heavy damage at an apartment complex. Local media outlets report firefighters were called to the apartment complex around 1 a.m. Saturday. Emergency …

North Carolina Auto Rates Going Up? Rate Bureau Files for 13.8% Rate Increase

The North Carolina Rate Bureau (NCRB) is requesting an average increase of 13.8 percent on private passenger automobile insurance rates in its latest filing with the North Carolina Department of Insurance (NCDOI). NCRB files rates on behalf of all insurance …

E&S Market Continues to See Growth in Premium: Texas Stamping Office

Overall, 2016 ended on a positive note for the U.S. excess and surplus lines insurance industry, according to the Surplus Lines Stamping Office of Texas (SLTX). Nationally, nearly $26 billion in surplus lines insurance premium was recorded for end-of-year 2016, …