Britain’s markets watchdog told financial advisers on Tuesday they face a two-year crackdown to stop unsuitable advice, investment scams and excessive fees. The Financial Conduct Authority (FCA) said in a “Dear CEO” letter to heads of financial advice firms it …
The North Carolina Department of Insurance Captive Insurance Program continued its steady growth in 2019, according to a statement from NCDOI. As of Dec. 31, 2019, NCDOI had licensed (including provisional) 318 captive insurers and approved (including conditional) 592 cells …
Demotech Inc. said the Financial Stability Rating (FSR) of A, Exceptional, assigned to Louisiana’s Centauri National Insurance Co. is being sustained based upon its pending acquisition by Avatar Partners LP, parent of Avatar Property & Casualty Insurance Co. Centauri National …
A wrongful death lawsuit filed by musician Prince’s family members has been quietly dismissed in recent months, suggesting family members have reached settlements with defendants including the Minnesota doctor who saw Prince in the weeks before his death and the …
Arkansas Insurance Commissioner Allen Kerr has been named chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC) for 2020. This is the second time Kerr will serve as chair of the …
Kara Mace has been tapped as deputy commissioner for the newly created Legal Services program at the Texas Department of Insurance, Division of Workers’ Compensation. Legal Services will handle rule development, open records, litigation, contracts, subpoenas, and other legal issues …
Wholesale insurance broker and underwriting manager, Burns & Wilcox, has promoted Andrew Dean to managing director from associate managing director in the company’s Indianapolis, Indiana, office. As managing director, Dean oversees and manages day-to-day operations of the Indianapolis team and …
European Union privacy regulators are gearing up to make full use of expanded powers under new data protection rules, according to a report that found 114 million euros ($126.5 million) in fines have been levied so far for data violations, …
A magnitude 4.5 earthquake was reported in southern Kansas on Sunday. The U.S. Geological Survey said the quake struck about 2 miles (3 kilometers) southwest of Hutchinson shortly after 1 p.m. The service had initially reported that it was a …
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, appointed Henning Haagen as chief underwriting officer specialty and member of the board of management, subject to regulatory approval. Effective March 1, 2020, Haagen will succeed …
