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Monthly Archives: March 2018

ISO Says Cyber Insurance Program Now Available in 42 States

ISO’s cyber insurance program is now available to insurers in 42 states and U.S. territories. The ISO program features advisory loss costs using 17 different rating variables, which the Verisk company says is more than three times the number of variables typically used today. The program was developed using predictive …

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Liquidation Order Issued for Auto Insurer with More Than 42K Policies in Pennsylvania

A Texas court has issued an order of liquidation for Access Insurance Company, an auto insurer that has 42,785 policies in Pennsylvania. This means Pennsylvanians that currently have auto insurance through Access Insurance will have no later than April 12 to seek new coverage. The liquidation order was signed after …

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Utah Governor Signs Legislation Allowing Terminally Ill to Use Pot

Utah Gov. Gary Herbert has signed a bill allowing terminally ill people to use certain forms of marijuana. Herbert’s office announced Wednesday that he signed the measure allowing people to use the drug if a doctor has determined they have six months or less to live. Doctors would not be …

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Akanu Ibiam Federal Polytechnic NYSC Batch “A” Senate Approved Mobilization List

The Akanu Ibiam Federal Polytechnic, Uwana hereby inform all prospective 2018 batch ‘A’ corp members that they should cross check that their bio-data on the list below iscorrect. Click the link to Download list below2018 NYSC BATCH A MOBILIZATION LIST Any mistake should be forwarded to thisline 08133822182 or 08065791578 …

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Elizade University Gets NUC Full Accreditation to Run Engineering Programmes

Elizade University, Ilara-Mokin, Ondo has been given full accreditation in all its Engineering programmes by the National Universities Commission (NUC). The accredited programmes are Automotive Engineering, Civil Engineering, Computer Engineering, Electrical and Electronics Engineering, Mechanical Engineering and Information and Communication Technology (ICT). This is in addition to the full accreditation …

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Etiqa Group’s profit breaches MYR 1 billion mark

Etiqa Group Insurance & Takaful has posted record-high profits before tax of MYR1.1 billion (US$281 million) for 2017, keeping its top spot in the general insurance and takaful segments. The Malaysia-based insurer said on Wednesday that this marks an 18.5% year-on-year increase from 2016’s profits, The Star reported. Etiqa remained …

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Japanese insurers to combine their corporate pension units

The six largest life insurers in Japan are planning to combine their corporate pension management operations in the coming years as population aging and very low interest rates eat away at their businesses. Nippon Life Insurance and Dai-ichi Life Insurance have already formed Corporate-Pension Business Service, a 50-50 joint venture. …

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Ping An earmarks US$15.8 billion for fintech investments

Ping An Insurance, China’s largest insurer by market value, has revealed plans to invest RMB100 billion (US$15.8 billion) into financial technology (fintech) efforts over the next 10 years. “Over the past 10 years, Ping An has continued to invest 1% of its annual revenue into financial technology. This translated into …

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The Art And Science Of Risk

The insurance industry doesn’t have much glamour in the public eye, but this leader believes that there is both an art and a science to it. Iain Ferguson (pictured), president and chief operating officer of Lloyd’s Japan, had an eye for insurance even back in 1986 as a young graduate …

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Latevo Back to The MPCI Market

After a year of not offering multi-peril crop insurance (MPCI) policies, Latevo is back to the MPCI market with a new offering. The new product, known as Latevo Farm Income Protection (FIP), is a three-tiered level of cover available to growers for $14-$26 per hectare, which will protect 40-90% of …

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