Global insurance and banking regulators call for more oversight in the industry

As the world’s economy continues to sputter ever onward, global insurance and banking regulators are setting their sights on financial institutions that provide insurance products. These institutions contributed to the global recession in varying degrees, and regulators now want to ensure that a similar crisis does not form due to lack of oversight. Regulators have drafted a new set of rules that aim to assess whether banks selling insurance products are managing their liquidity and capital levels as they are meant to. The Basel Committee on Banking Supervision, the International…

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Walgreens gearing to sell health insurance policies, could be ready by the end of the year

As the health care landscape in the U.S. undergoes radical changes, Walgreens, the acclaimed drugstore chain, is making plans to sell health insurance in-store. On Tuesday, CNNMoney reported that a Walgreens spokesman had revealed that the company was considering selling policies in light of the health care reform. The spokesperson noted that the move is inspired by the overwhelming need consumers have for insurance coverage. Walgreens seems to have been looking into selling policies for some time, as the spokesman says that the company will be ready to sell insurance…

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Progressive Insurance to increase Austin workforce by over 100

Progressive Casualty Insurance Company has announced that it is seeking to fill 101 new Austin contact center service, sales, and claims positions by the end of September. This recruitment by the fourth largest auto insurer in the United States comes close on the heels of a previous hiring in the same city that occurred in May, when it brought in 65 new phone representatives. The Austin American-Statesman has called Progressive one of the Top Workplaces within the Austin area. The new employees within the company will be responsible for assisting…

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