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

Connecticut Insurance Department Launches Licensing Site

The Connecticut Insurance Department has launched a new licensing web site, designed to improve customer service for the nearly 200,000 agents, brokers, adjusters and other licensees who conduct business with the department. The new licensing site features online tools that …

Texas Roadhouse to Pay $12M to Settle Age Discrimination Suit Filed in Massachusetts

Texas Roadhouse, a national, Kentucky-based restaurant chain, will pay $12 million and furnish other relief to settle an age discrimin­ation lawsuit brought by the U.S. Equal Employment Oppor­tunity Commission (EEOC), the federal agency announced. The EEOC had filed suit seeking …

How Meteorologists View 2017 Atlantic Hurricane Season

Most meteorologists forecast the 2017 Atlantic hurricane season will be less active than a year ago, with the number of named storms and hurricanes near average. A few meteorologists, however, expect this season to be more active than normal with …

Trump to Order Review of Dodd-Frank Reforms, Taxes for Insurers, Banks

President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business. A White House official said on Thursday …

French Regulator Links Sanofi Epilepsy Drug to Birth Defects

Up to 4,100 children in France suffered major malformations in the womb after their mothers took a treatment against epilepsy and bipolar disorders known as valproate between 1967 and 2016, France’s drug regulator said. Valproate, which has been manufactured in …

Uber Faces Hike in London License Fees, in Latest Blow for Ride-Hailing Firm

Taxi app Uber could face an increase in operator license fees in London under proposed changes by the city’s transport authority, the latest in a series of moves by regulators to rein in a firm that has disrupted the traditional …

AXA Taps Telefonica’s Benjamins as CDO, Head of Data Innovation Lab

AXA has appointed Richard Benjamins as chief data officer (CDO) of the AXA Group and head of the Data Innovation Lab (DIL), effective May 2. Benjamins will report to Benoît Claveranne, chief transformation officer (CTO) and a member of the …

‘Flying Taxi’ Successfully Tested in Germany by Start-Up Lilium Jet

A Bavarian start-up is developing a five-seat “flying taxi” after successful test flights over Germany of a smaller version of the electric jet, the company said on Thursday. Munich-based Lilium, backed by investors who include Skype co-founder Niklas Zennstrom, said …

MGA Nirvana Targets Media, Technology & Cyber Risks on Castel Platform

Nirvana Risk Partners has launched as an underwriting cell on Castel Underwriting Agencies’ MGA formation platform, targeting media, technology and cyber liability risks. Nirvana will underwrite risks for small and large enterprises on a global basis with a particular emphasis …

Aon, JLT, Marsh, UIB, Willis Investigated by UK Regulator over Aviation Broking

Britain’s financial watchdog is investigating five insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog. Aon, Jardine Lloyd Thompson (JLT), Marsh , UIB and Willis Towers Watson …