In view of the current trends in technology transformations and innovation in the insurance business, Altaworld is hosting a premier Insurance Tech Virtual Conference on December 14 – 15, 2020 with 25+ technology experts speaking over the two days. Additionally,…
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American International Group settles tax shelter lawsuit
American International Group Inc. has agreed to disallow more than $400 million in tax credits and to the imposition of a 10% tax penalty for allegedly entering into sham transactions designed to generate bogus foreign tax credits, as informed by…
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Gocompare owner share price soars due to the increase in auto-switch customers
Gocompare, the British financial services comparison website enjoys a huge rise in auto-switching sparking an 11% rise in the share price. Gocompare owner Goco’s share price rose nearly 11% as it reported a sudden increase in customers using its auto-switch…
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U.S. Consumer Agency to Update Rules on Access to Personal Financial Data
The U.S. Consumer Financial Protection Bureau (CFPB) is seeking public opinion on a proposal to modify rules governing the access and use of consumer financial data which is collected by a large number of online financial institutions. They proposed an…
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CRC Group Announces Leadership Changes
CRC Group, one of the largest wholesale insurance distributors in the U.S., announced the change in company senior leadership to be effective from January 1, 2021. The current CEO of Commercial Solutions Ron Helveston will retire and be succeeded by…
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Target Agrees to Pay Nearly $500,000 to Improve Worker Safety
Target Corporation, the 8th largest retailer in the United States, has agreed to correct exit access and storage hazards at 200 stores to improve worker safety as part of a settlement with the U.S. Department of Labor. During the time…
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ASCO Receives 16 New Members in Response to COVID-19
The Association of Consumer Support Organisations (ASCO) has announced 16 new members and associate members so far in 2020 in response to COVID -19 pandemic. ACSO was established as a not-for-profit membership body in 2019 to represent “the interests of…
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Honcho Selected To Join Insurtech NY Accelerator Program
Durham based insurtech Honcho is selected by Insurtech NY to join its 2020 accelerator program. Honcho is one of two UK insurtechs to be selected by the US-based accelerator. Insurtech NY is one of the largest insurtech communities in New…
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UK Should Adjust Rules for Financial Services to Remain Competitive After Brexit: Study
As the transition period of Brexit is going on, the UK has to take the necessary steps to keep up with financial market competition and needs to deepen ties with growth markets in Asia – says a recent study report…
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FCA Proposes New Measures for Vulnerable Customers in the Continuation of Covid-19
The regulator has published proposals on how insurers and brokers should help customers experiencing financial difficulty. The Financial Conduct Authority (FCA) published new guidance on how insurers and brokers should be helping customers facing financial difficulties in the continuation of…
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