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

Anbang Insurance, Kushner End Manhattan Talks as Lawmakers Cite Conflicts

China’s Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump’s son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had drawn scrutiny from lawmakers citing ethics concerns. “Kushner …

RMC Group to Open 2 London Offices, Affirming Commitment to UK Market

Naples, Fla.-based RMC Group, a consortium of insurance and actuarial consulting firms, has announced it plans to expand its international operations by opening two new offices in the United Kingdom. “Establishing a permanent presence in Europe is another exciting step …

3 Reasons Vacant Buildings Make Underwriters Twitch

I spent some time this weekend with some friends who live in another city. We were talking about their church and the neighborhood that its located in. I noticed that the building next door was up for sale so we …

Wells Fargo Settles Sham Account Claims for $110 Million

Wells Fargo & Co. said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank’s chief executive his job. …

CEO & Co-Founder of China’s Fosun Resigns for Health Reasons

Fosun International Ltd , one of China’s most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the group’s strategy. The resignation of co-founder and Chief Executive Liang …

Update: UK Begins 2 Years of Complex Talks to Exit European Union

Prime Minister Theresa May set the U.K. on course for leaving the European Union in two years’ time, a divorce that will redefine the country’s relationship with its largest trading partner and end decades of deepening political integration on the …

Drone Maker DJI Offers Operator ID Framework

The world’s largest maker of unmanned aircraft systems (UAS), China’s DJI, has proposed an electronic identification framework for UAS that would allow authorities in the United States to identify drone owners when necessary while also respecting their privacy. Last year, …

Republicans Ask Treasury to End ‘Too Big To Fail’ Process for Non-Banks

Key Senate Republicans urged the Trump administration to rethink the process for labeling firms whose failure could threaten the financial system, arguing it has led to substantial regulatory costs. The Financial Stability Oversight Council, a panel of regulators with authority …

Trump Wants Business Ideas to Spur Government Innovation

President Donald Trump is establishing a new White House office run by his son-in-law that will seek to overhaul government functions using ideas from the business sector. Trump announced the White House Office of American Innovation in a memo Monday. …

Trump Agriculture Chief Nominee Perdue Vows to Fight for Farmers, Trade, Crop Insurance

Agriculture Secretary nominee Sonny Perdue recently sought to reassure farm-state senators in both parties who are fearful about the impact of President Donald Trump’s proposed deep cuts to farm programs, promising to promote agricultural trade and create jobs in the …