Insurance Regulation
California Proposes Reform on How Insurers Offer Group Discounts
The California Department of Insurance is proposing to reform how insurers offer group discounts based on occupation, education, and other factors, contending some the insurers' programs discriminate ...
Lloyd’s Agrees to More Reg Checks on Harassment Whistleblower Process
The Bank of England has stepped up its monitoring of Lloyd's of London's whistleblowing systems, the central bank said on Monday, after reports this year about sexual harassment and bullying at the ...
N.D. Insurance Commissioner Named World’s Tallest Politician
North Dakota Insurance Commissioner Jon Godfread has been named World's Tallest Politician (male) by Guinness World Records. Godfread is 6 feet 10 inches (210.767 centimeters) tall as verified in ...
Nationwide Invests in Cybersecurity InsurTech Focused on Connected Vehicles
Nationwide said it has invested in Upstream Security, an InsurTech focused on providing cybersecurity for connected vehicles. Upstream's cash infusion will it enable OEM car manufacturers and fleets ...
IRS Makes Settlement Offer to Taxpayers Involved in ‘Dirty’ Micro-Captive Insurance
The Internal Revenue Service said it is mailing a time-limited settlement offer for certain taxpayers under audit who participated in what the IRS calls "abusive micro-captive insurance" ...
China Regulators Cap How Much Insurers Can Invest in Their Shareholders
China's banking and insurance regulator on Monday capped how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is ...
Wildfires Run Amok in Brazil’s Amazon Rainforest
There are no lights in sight but the night sky glows a dusky yellow, for the Amazon is burning. The smell is of barbecue, of wood charcoal up in flames. During the day the sun, usually so fierce in ...
California’s New Data Privacy Law Could Be a Game-Changer
As the nation's most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. ...