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New DEA Program Targets West Virginia Opioid Traffickers

The U.S. Drug Enforcement Administration will spend $500,000 on a program that aims to curb prescription drug and heroin abuse across the state. DEA special Agent Karl Colder tells the Charleston Gazette-Mail the project, announced Wednesday, targets drug traffickers who …

School Buses in New Jersey Still Don’t Have Safety Sensors

More than a year after a law was signed requiring them, child-detection sensors are still not installed on most new school buses because regulations on how to implement it have not been approved. Gov. Chris Christie signed Abigail’s Law in …

Report Assesses Addiction Treatment Insurance in New Hampshire

New Hampshire’s three biggest health insurers are largely in compliance in covering treatment for alcohol and drug addiction, and are committed to making changes when needed, state regulators said Thursday. The Department of Insurance began reviewing Anthem, Cigna and Harvard …

Consumer Reports to Add Cyber Security, Privacy to Product Rankings

Consumer Reports, an influential U.S. non-profit group that conducts extensive reviews of cars, kitchen appliances and other goods, is gearing up to start considering cyber security and privacy safeguards when scoring products. The group, which issues scores that rank products …

New York’s Cybersecurity Rules: What Insurance Professionals Should Know

The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules, codified at 23 NYCRR §500, require insurance and insurance-related companies as well as …

London Market’s Placing Platform, PPL, Expands Offering with Marine Lines

PPL, the London market’s electronic placing platform, announced that marine business is now available to be bound on the PPL platform. The platform began trading stand-alone terrorism risks in July 2016, and now writes political violence, financial and professional lines, …

UK’s Pool Re Increases Reinsurance Cover to £2B ($2.5B)

Pool Re announced it has increased its commercial reinsurance cover to £2 billion ($2.5 billion), compared with the £1.95 billion ($2.4 billion) of cover previously in place. The placement further distances the UK Treasury, and thus, ultimately, the UK taxpayer …

Chinese Watchdog Weighs Relaxing Rules for Big Insurers’ Overseas M&A

China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The plan being discussed would see the China Insurance Regulatory …

BHSI Launches Accident & Health Solutions in Asia; Product Line Heads Named

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced group personal accident, corporate travel and expatriate medical insurance in Singapore and Hong Kong. The company also named Kok Leong Koo as underwriting manager, Accident & Health, based in Singapore, …

Scotland’s Standard Life to Buy Aberdeen Asset Management for $4.7B

Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), creating one of Europe’s biggest fund managers. Under the terms, which remain the same since talks were first revealed on …

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