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California Wildfire Victims Fear They’ll Be Last in Payout
A $13.5 billion settlement between victims of California’s catastrophic wildfires and the utility blamed for causing them was supposed to bring some peace and hope to people still reeling from the devastation. Instead, the deal has sparked confusion, resentment, suspicion …

POSTED FEBRUARY 27, 2020 2:49 PM
Congress Urged to Uphold, Not Override, State Privacy Laws
California Attorney General Xavier Becerra on Tuesday sent a letter to four top U.S. lawmakers urging them not to pre-empt the state’s new privacy law with a watered down federal legislation. The California Consumer Privacy Act (CCPA), effective since the …

POSTED FEBRUARY 27, 2020 2:23 PM
AM Best Downgrades Argo’s Credit Ratings After a Disappointing Q4
Argo Group International Holdings, already reeling from a tough 2019 fourth quarter and year, now must deal with downgraded credit ratings from AM Best. The Bermuda-based specialty insurer and reinsurer had its long-term issuer credit ratings downgraded for the main …

POSTED FEBRUARY 27, 2020 2:13 PM
Supreme Court Rejects Stricter Deadline for Employee Claims Against Retirement Plans
The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp. cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds …

POSTED FEBRUARY 27, 2020 2:12 PM
Broker Investor Group Selects 12 Insurtechs for First Cohort
BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week curriculum. BrokerTech Ventures offers the cohort insights into …

POSTED FEBRUARY 27, 2020 1:47 PM
HDI Group Takes Stake in German Cyber-Security Start-Up Enginsight
The HDI Group, the Hannover, Germany-based subsidiary of Talanx Group, has taken a stake in the cyber-security start-up Enginsight in Jena, Germany. Financial details of the transaction were not disclosed. Enginsight offers companies fully automated protection against attacks on their …

POSTED FEBRUARY 27, 2020 12:30 PM
UK Financial Services Sector Could Take Back Seat to Fishing in EU Trade Talks
Britain will likely secure only temporary access to the European Union financial market under a broader trade deal in which finance may take a back seat to sectors such as fishing, financial industry officials said on Wednesday. Britain and the …

POSTED FEBRUARY 27, 2020 11:46 AM
QBE Promotes Postlewhite to Managing Director of QBE Re
QBE has appointed Stephen Postlewhite as managing director, QBE Re. He will start the new role from April 1, taking over from Jonathan Parry, who will retire in 2021. With more than 20 years’ experience in the industry, Postlewhite joined …

POSTED FEBRUARY 27, 2020 11:32 AM
New York’s Greene & Associates Hires Fischer to Production Team
Greene & Associates, an East Aurora, N.Y.-based underwriting manager and wholesaler broker, recently announced the addition of Seth Fischer to its production team. Fischer brings 25 years of specialty underwriting, marketing, product development, portfolio management and leadership experience to Greene. …

POSTED FEBRUARY 27, 2020 11:00 AM
New York DFS Announces Settlement with Global Provider of Mobile Insurance
The New York State Department of Financial Services (DFS) has fined Asurion Insurance Services Inc. and Asurion Protection Services LLC (Asurion) four million dollars for providing inadequate consumer disclosures for insurance offerings for mobile phones, tablets and other wireless communication …

POSTED FEBRUARY 27, 2020 11:00 AM

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