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Trump Seeks 18 Month Delay, Rewrite of Parts of Fiduciary Rule

The Trump administration is moving to further delay part of an Obama-era rule to require brokers who offer retirement advice to put their customers’ interests ahead of their own. The U.S. Department of Labor said in a court filing Wednesday …

Novae Group Appoints Beazley’s Cragg as Chief Operating Officer

Novae Group plc, the specialist listed Lloyd’s insurer, announced the appointment of Adam Cragg as group chief operating officer. He reports to Matthew Fosh, chief executive officer of Novae. Cragg brings 25 years of experience in the insurance industry to …

Franklin Briefly Becomes Atlantic Basin’s 1st Hurricane; Weakens to Tropical Storm

Tropical Storm Franklin made landfall as a Category 1 hurricane in eastern Mexico during Wednesday night with estimated maximum winds of 85 mph, according to a report issued by Weather Underground. Over the Bay of Campeche, the storm became the …

Senators Have Questions for Wells Fargo on Auto Insurance Scandal

A group of U.S. senators from both parties on Wednesday turned up the heat on Wells Fargo Inc. over its latest scandal, in which hundreds of thousands of car-loan borrowers were charged each month without their knowledge for collision insurance, …

Takata Files for U.S. Bankruptcy to Halt Air Bag Lawsuits

Japanese auto supplier Takata Corp. filed for U.S. bankruptcy protection on Wednesday in an effort to pause lawsuits against the company over faulty air bag inflators – more than a month after its U.S. unit filed for bankruptcy in the …

Hartford’s Boyd Assumes Second Role as Head of Personal Lines Agency Channel

The Hartford has appointed Mary Boyd as head of the Personal Lines agency channel in addition to her current role as head of the Personal Lines direct channel. In this expanded role, she will be responsible for strengthening alignment across …

Alternative to Insurtech or Legacy Tech for Small Commercial: Introducing QBE, Arrowhead Partnership

When it was announced in June that San Diego, Calif.-based Arrowhead General Insurance Agency Inc. was selected as the program administrator for QBE North America‘s small commercial insurance portfolio, it immediately raised one big question. Why was a carrier with …

New FITLIFE Program from Venture Targets Fitness Facilities & Spas

Venture Programs, a national insurance program administrator, has launched FITLIFE, a fitness, wellness and spa program. The new program is designed to improve the coverage, risk management and claims handling available to fitness and spa businesses. FITLIFE will provide a …

Georgia Offers Reward of $10K for Information on 2 Arson Cases

A reward of up to $10,000 is being offered for information regarding separate fires that damaged two vacant homes last week in Walker County, Georgia, according to a statement from Georgia’s Deputy Insurance and Safety Fire Commissioner Jay Florence. State …

Wilson Named VP of Sales, Distribution for North Carolina-Based Smart Choice

SmartChoice, a nationwide agency network headquartered in North Carolina, has appointed David Wilson, as vice president of Sales and Distribution. Wilson formerly worked with MetLife Auto & Home – a veteran partner of Smart Choice – and is familiar with …

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