Archive for February 2016

After a successful pilot, Hiscox has launched Hiscox Trader, a new e-trading solution for U.K. commercial insurance brokers in partnership with insurance technology specialists Open GI London. The new cloud-based technology enables brokers to give their customers an indication of … Read More Read more here:: Insurance Journal       

British corporate leaders will likely vote for the U.K. to remain a part of the European Union, according to lobby groups for business, manufacturing and financial services. The Institute of Directors said the deal reached by Prime Minister David Cameron … Read More Read more here:: Insurance Journal       

Zenefits probably couldn’t have predicted it would spend the first two weeks of February dealing with the resignation of its founding chief executive officer under pressure from the board and the loss of its biggest customer—all while facing investigations by authorities … Read More Read more here:: Insurance Journal       

A U.S. Army reservist from Tulsa asked to leave a gun range in eastern Oklahoma after identifying himself as a Muslim sued the owners Wednesday, the latest in a series of cases across the nation alleging anti-Islamic discrimination. The lawsuit … Read More Read more here:: Insurance Journal       

Massachusetts Attorney General Maura Healey said national mortgage lender and servicer HSBC has agreed to pay $4 million to resolve allegations involving force-placed insurance practices. The settlement resolves allegations that HSBC received commissions and other “kickbacks” relating to force-placed insurance … Read More Read more here:: Insurance Journal       

RLI Insurance Company and its Executive Products Group have created a new business unit to offer cyber liability insurance. The Cyber Liability Insurance unit will offer protection for exposures arising from adverse cyber events including but not limited to data … Read More Read more here:: Insurance Journal       

Standard & Poor’s Ratings Services has affirmed its ‘AA+’ financial strength and long-term counterparty credit ratings on Berkshire Hathaway Inc.’s (BRK) operating insurance subsidiaries. The ratings apply to National Indemnity Co., Government Employees Insurance Co., General Reinsurance Corp., all related … Read More Read more here:: Insurance Journal       

Legislation that reaffirms the Oklahoma Corporation’s Commission’s authority to respond to emergencies involving oil and natural gas production in the state, including drilling-related earthquakes, has been approved by a state House committee. The House Rules Committee this week voted 10-0 … Read More Read more here:: Insurance Journal       

Ever since robots emerged from the pages of science-fiction novels into the real world, humans have feared being usurped in the workplace. That worry may be more fictional than scientific. A recent study by the VDMA Robotics and Automation Association shows that … Read More Read more here:: Insurance Journal