Archive for January 2016

New Hampshire’s new law removing the monetary cap on prize values at promotional raffles and other similar events conducted by insurance producers went into effect this month. H.B.171 (“An Act relative to rebating”), which was signed by New Hampshire Gov. … Read More Read more here:: Insurance Journal       

U.S. Department of Homeland Security investigations of cyber attacks on the nation’s critical manufacturing sector nearly doubled in the year ended Sept. 30, according to the agency. The Department of Homeland Security’s Industrial Control Systems Cybersecurity Emergency Response Team, or … Read More Read more here:: Insurance Journal       

Six people participating in a clinical trial for an experimental drug have been hospitalized after a “serious accident,” France’s Health Ministry said. One of the people is on life support and is considered brain dead, the ministry said in an e-mailed statement on Friday. … Read More Read more here:: Insurance Journal       

London-based JLT Re has launched a new division – JLT Fac – and appointed Vanessa Macdonald-Smith to lead the division. Keith Harrison, CEO, UK & Europe, JLT Re, said: “The creation of JLT Fac is a reflection of the JLT … Read More Read more here:: Insurance Journal       

ACE Limited completed its acquisition of Chubb yesterday, creating the world’s largest publicly traded property/casualty insurance company. ACE paid approximately $29.5 billion in the aggregate in cash and stock, based on the most recent closing price of ACE Limited shares … Read More Read more here:: Insurance Journal       

f- Self-driving cars will get closer to appearing on American roads under a U.S. Transportation Department plan to speed their rollout. Regulators will allow automakers that can demonstrate they have a safe autonomous vehicle to apply for exemptions to certain … Read More Read more here:: Insurance Journal       

Willis Towers Watson announced that Rowan Douglas, head of Willis Towers Watson’s Capital Science & Policy Practice, has been made a CBE in the United Kingdom’s New Year Honours List for services to the economy through risk, insurance and sustainable … Read More Read more here:: Insurance Journal       

The National Association of Insurance Commissioners (NAIC) recently named 35 consumer liaison representatives for 2016. The 20 funded and 15 unfunded consumer representatives began their terms Jan. 1, 2016. Funded representatives receive travel expense reimbursement from the NAIC; unfunded representatives … Read More Read more here:: Insurance Journal       

ACE Ltd. and Chubb said they have received all necessary regulatory approvals and will close their $29.7 billion merger agreement today, Jan. 14 – six months after the companies first announced their surprise deal. The newly-combined company will use the … Read More Read more here:: Insurance Journal