March 6, 2017
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 …
March 6, 2017
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 …
March 6, 2017
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 …
March 6, 2017
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 …
March 6, 2017
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 …
March 6, 2017
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, …
March 6, 2017
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 …
March 6, 2017
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 …
March 6, 2017
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, …
March 6, 2017
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 …