Monthly Archives: <span>June 2018</span>

Citigroup’s Mexico Unit, Chubb Announce Bancassurance Distribution Agreement

Citibanamex, a subsidiary of Citigroup Inc., and Chubb Seguros MΓ©xico, an affiliate of Chubb Ltd., announced a definitive long-term agreement where Chubb will provide a range of non-life insurance products to Citibanamex’s consumer bank clients in Mexico, subject to regulatory …

Official Says 30 Hospitalized After Hazmat Response at Massachusetts Plant

A possible chemical leak at a Massachusetts electronic cigarette manufacturer resulted in a hazmat response and the hospitalization of dozens of plant workers. Officials say a hazmat team was called to the e-cigarette plant in Salem Sunday afternoon to investigate …

China Formalizes Easing of Foreign Investment Curbs on Range of Industries

China is slowly following through on pledges to open up to foreigners, as an impending trade war with the U.S. focuses attention on Beijing’s grip over doing business in the world’s second-largest economy. On Thursday the government formalized the easing …

Chinese Tech Firms Seek to Shake Up State-Run Health Sector with AI and Big Data

In the eastern Chinese city of Hangzhou, an ambulance speeds through traffic on a wave of green lights, helped along by an artificial intelligence (AI) system and big data. The system, which involves sending information to a centralized computer linked …

Mississippi County Authorities Searching for Car Thieves on ATVs

Investigators in one north Mississippi County are looking for thieves who have been riding all-terrain vehicles to break into cars at night. WHBQ-TV reports that at least two dozen vehicles in a rural area of southern Panola County have been …

REIN, Liberty Specialty Markets Launch On-Demand Drone Coverage

REIN, an insurtech company providing insurance for risks posed by robotics, mobility and online ecosystems, has launched its first digital portal, DroneInsurance.com, offering drone insurance for commercial drone operators. DroneInsurance.com is an online automated platform for commercial drone operators. For …

Chocolate-Laden Trailer Goes Up in Flames in Iowa

That’s one way to burn calories. Des Moines television station KCCI reports that a semitrailer carrying chocolate from Hershey, Pennsylvania, caught fire Wednesday on Interstate 80 near Dexter in west-central Iowa. The Iowa State Patrol says the truck was headed …

State Farm to Cut Auto Rates in North, South Carolina

State Farm Mutual Automobile Insurance Co. will decrease its auto rates in North and South Carolina, impacting more than 2 million customers in both states. According to a statement from the insurer, State Farm’s overall personal auto rate will drop …

Family of Indiana Couple Settle Wrongful Death Lawsuit with Seattle for $13M

The family of a central Indiana couple who died after a repeat drunk driver struck them in Seattle has settled a wrongful death lawsuit against the West Coast city for $13 million. The family of Dennis and Judy Schulte settled …

SUNUP Insurance Services Hires Westerman as President, COO

SUNUP Insurance Services has hired 35-year insurance industry veteran Jim Westerman as president and chief operating officer. In this role, Westerman will work with the SUNUP team to expand the distribution footprint across the U.S. market through the recruitment and …