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

Authorities Charge 2 with Arson in Maine Storage Building Fire

State fire officials say two men have been charged with arson in connection with a fire that destroyed a large storage building in Etna, Maine. Officials say several smaller storage buildings for sale at Hill View Mini Barns also were …

New York Begins New Push to Stop Distracted Driving

New York is launching a statewide campaign against distracted driving as part of April’s National Distracted Driving Awareness Month. Gov. Andrew Cuomo said state and local police will be stepping up patrols and checkpoints through Monday in Operation Hang Up. …

Trial Concludes for Virginia Man Accused of Killing Son for Insurance

Joaquin Rams is either a father unjustly accused in the tragic, unexplained death of his 1-year-old son, or he is the most cold-blooded of murderers who snuffed the life from his boy to collect half a million dollars in life …

Driver Privacy at Risk when Telematics Data Stored in the Cloud: Researchers

Drivers’ private information can be compromised when stored in the cloud for usage-based insurance (UBI) programs, according to researchers. Using connected-device, or telematics, functions in vehicles, UBI programs determine a consumer’s or fleet’s insurance premium rate by considering several driving …

New York Sees Its Cyber Rules for Insurers as Model for Other States

A group of U.S. state insurance regulators should use New York’s sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber events, New York’s financial regulator said on …

Insurtech Microinsurance Specialist, BIMA, Gets $16.8M Investment

BIMA, the insurtech firm that offers microinsurance in emerging markets, announced the close of an investment of US$16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad, one of Asia’s largest telecommunications groups. Axiata Group Berhad (Axiata) …

Chairman of China’s Insurance Regulator Investigated for ‘Severe’ Violations

China’s anti-graft agency is probing the nation’s top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance Regulatory Commission, is under investigation on …

Georgia Jury Awards $20.5M in Civil Suit Against Drug Maker

A jury in central Georgia has awarded $20.5 million in damages to a retired teacher in her civil lawsuit against a drug company. The Telegraph of Macon reports Ann Pope sued Akorn Inc. in Houston County State Court, saying the …

North Carolina Requests Nearly $1B from Congress for Hurricane Recovery

North Carolina Gov. Roy Cooper is seeking nearly $1 billion from Congress to help North Carolina counties still recovering from Hurricane Matthew more than six months after it caused massive inland flooding and killed 28 people. The new funding request …

Stephens Insurance Appoints 4 to Lead New Alabama Office

Stephens Insurance, LLC, an affiliate of Stephens Inc., has opened a property & casualty brokerage office in Birmingham, Ala. The new team—made up of Tice Young, Donna Sanford, James Kennedy and Marty Hall—brings nearly 60 years of combined experience in …