INSURANCE NEWS
Viewpoint: Giving Thanks and Making a Wish List for US Insurance Regulation
The state of U.S. insurance regulation is almost certainly not a topic for most families this holiday season. Yet there is much to be thankful for as well as areas where we can do better. First, let’s be thankful for …
US Probes China-Founded Router Maker on National Security Fears
The US government has launched a national-security investigation into TP-Link, the China-founded router maker whose equipment now dominates the American market and has been targeted in repeated Chinese cyber attacks, people familiar with the matter said. The probe opens a …
Trump Transition Recommends Scrapping Car-Crash Reporting Requirement
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety …
Millions of Homeowners May Be Underinsured Due to Secondary Structures: ZestyAI
Millions of U.S. homes are underinsured, not because of any added value in the homes, but because additional structures on the homeowner’s property have gone unreported and are without protection. Using artificial intelligence and aerial imagery to analyze one million …
US House Task Force Releases ‘Blueprint’ for Federal AI Responsibility
A U.S. House of Representatives task force on artificial intelligence on Tuesday released a report of more than 250 pages outlining the potential benefits and harms of the technology. The 24 members of the bipartisan House Task Force on Artificial …
Tampa Bay Rays Secure New Stadium as County Approves Bonds
The Tampa Bay Rays secured their future in west-central Florida as county officials approved a crucial bond sale for the team’s proposed new stadium. The Pinellas County Board of Commissioners voted Tuesday to green light more than $300 million of …
King Risk Acquires Talbert Insurance Services Agency in North Georgia
King Risk Partners, one of the largest U.S. insurance brokers, has acquired Talbert Insurance Services in Duluth, Georgia, expanding King’s presence in the Southeast. Talbert, in business in north Georgia since 1982, offers personal and commercial insurance. Larry Talbert II …
Brown & Brown Acquires UK Employee Benefits Specialist Drewberry
Employee benefits specialists Drewberry has been acquired by Brown & Brown (Europe) Ltd. The terms of the deal are undisclosed. Founded in 2009 by Andrew Jenkinson and Tom Conner, Brighton and London-based Drewberry offers employee benefits solutions, workplace pension support, …
Swiss Re Among Firms in $3 Billion Credit-Risk Deal for International Finance Corp.
Swiss Re AG, Tokio Marine Holdings Inc., AXIS Capital Holdings Ltd. and AXA SA are among providers of $3 billion in credit-risk insurance for the private-sector arm of the World Bank Group, as it seeks to expand its lending in …
G20 Watchdog Urges Governments to Address Non-Bank Financial Risks
The Financial Stability Board (FSB) on Wednesday pitched recommendations for governments to reduce risks around hedge funds, insurers and other non-bank financial intermediaries, which now account for almost half of global financial assets. The sector of non-bank financial intermediation has …
UK Targets Russian Oil Trading ‘Lynchpins’ With Sanctions
The UK announced fresh sanctions targeting alleged “lynchpins” that enable the trade of Russian oil, along with 20 “shadow fleet” vessels. The financial curbs on oil trading firms, 2Rivers DMCC and 2Rivers Pte Ltd. will clamp down on Russia’s oil …
Third Tanker Sends Distress Call as Oil Washes Up on Russia’s Black Sea Coast
Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a regional official said on Tuesday, and state media said a third ship …