The Maryland Insurance Administration has settled a lawsuit over gender-based pay discrimination. News outlets report the agency will pay nearly $37,000 to three female fraud investigators who say they were paid less than their male counterparts. The settlement with the …
The U.K.’s Information Commissioner’s Office fined Brexit supporting campaign Leave.EU and a linked insurance company 120,000 pounds ($156,000) for serious breaches of electronic marketing laws as it opens a probe into how both are complying with data-protection rules. The ICO …
Beazley has expanded its healthcare management liability team with the appointment of Jack Sheehan as an underwriter based in Boston, Mass. Sheehan brings 15 years of financial lines insurance experience in both broking and underwriting to this role. He previously …
The final implementation period for the New York Department of Financial Services’ (DFS) cybersecurity regulation covering DFS-regulated entities and licensed individuals ends March 1, 2019. New York’s first-in-the-nation cybersecurity regulation became effective March 1, 2017, and DFS implemented a two-year …
Growth of the insurance linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson. In the …
The deadly collapse of a Vale SA tailings dam in Brazil is serving as a wake-up call for an industry that regularly cuts costs by storing mining waste in the cheapest possible way. The slurry of ground rock and effluents …
Mathias Sommer has been named head of Operations for Zurich Canada. Sommer had been leading the Operations team as vice president of Operations for Commercial Insurance Canada since September 2017. He will remain based in Toronto and report to Zurich …
BGC Partners, Inc., a global brokerage and financial technology company, announced it has completed the acquisition of Ed Broking Group Ltd., the London-based independent Lloyd’s broker. BGC acquired 100 percent of Ed, which includes broking operations under the Ed brand …
It may seem a simple solution to the brewing U.S. retirement crisis: Get people to work until 70 before retiring and 85 percent will have the money they need for retirement. They will save more during additional years in jobs …
The Trump administration proposed ending a complex system of drug rebates that influence tens of billions of dollars in U.S. pharmaceutical spending, a move that could upend the relationship between drugmakers and pharmacy benefits middlemen. The proposal, a long-awaited part …
