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Connecticut Court to Hear Arguments Over Crumbling Foundations Insurance
The Connecticut Supreme Court is scheduled to hear arguments on whether homeowners’ insurance policies should cover repairs to thousands of homes with crumbling foundations caused by defective concrete. Justices will hear arguments in three cases Tuesday. An estimated 35,000 homes …

POSTED DECEMBER 18, 2018 2:48 PM
Alliant Hires Hayden to Philadelphia Team as Vice President
Alliant has hired Martin Hayden, Jr. to its Philadelphia team as vice president. In this position, Hayden will provide customized risk and insurance and consulting services to his client base. Hayden is a risk and insurance professional with a focus …

POSTED DECEMBER 18, 2018 2:45 PM
Connecticut Insurance Commissioner Wade to Step Down
Connecticut Insurance Department Commissioner Katharine Wade plans to step down from her position on December 19, 2018. Connecticut’s incoming Governor-elect Ned Lamont, who is set to take office on January 9, will appoint a new commissioner. Connecticut Insurance Department Life …

POSTED DECEMBER 18, 2018 2:43 PM
Shore Bancshares, The Avon-Dixon Agency Agree to Acquire Alera Group Subsidiary
Shore Bancshares Inc., a financial holding company headquartered in Easton, Md., and The Avon-Dixon Agency LLC, its wholly-owned insurance producer firm, have entered into an asset purchase agreement with Avon-Dixon, an Alera Group Agency LLC (Alera). Alera is a Delaware …

POSTED DECEMBER 18, 2018 2:33 PM
J&J Launches Defense Against Reuters Report on Baby Powder Asbestos
Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying …

POSTED DECEMBER 18, 2018 2:17 PM
Britain Begins to Ramp Up Planning for No-Deal Brexit
Britain will begin to put into place plans for an exit from the European Union without any deal in place, with the public and businesses told to prepare now for the eventuality, Prime Minister Theresa May’s spokesman said on Tuesday. …

POSTED DECEMBER 18, 2018 2:05 PM
Insurance Tech Firms Prima Solutions and Effisoft Complete Merger
Two French insurance technology firms, Prima Solutions and Effisoft, have merged. Effisoft is a Paris-based international group that designs software for insurance and reinsurance professionals. The group specializes in reinsurance operations and regulatory compliance with Solvency II. Prima Solutions provides …

POSTED DECEMBER 18, 2018 1:50 PM
Global Anger Finally Seems to Be Getting China to Open Up Markets: Viewpoint
Forty years after China began opening itself up to the outside world, the country increasingly seems to be closed for business. A large and growing contingent of the global business community is convinced that China will never allow foreign companies …

POSTED DECEMBER 18, 2018 1:34 PM
Carmakers, Ride-Hail Firms Stress Digital Even As Vehicle Cyber Risks Worsen
Hopping into an Uber or a Car2Go is a great way to get around. Unfortunately, hackers agree, exploiting weaknesses in apps to go on “phantom rides” with someone else’s profile. From such trips—like a man in Australia who went on …

POSTED DECEMBER 18, 2018 1:21 PM
Reports Call for Reducing Big 4 Accounting Firms’ Dominance in British Company Audits
Britain needs a new watchdog to shake up the country’s “Big Four” accounting firms and reduce their dominance of the market for auditing companies’ books, two government-requested reports said on Tuesday. The reports’ proposals mark the most radical attempt yet …

POSTED DECEMBER 18, 2018 1:12 PM

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