News

Can States Stop Man-Made Earthquakes?

Stopping an earthquake before it starts? It sounds like a feat possible only for a superhero. But in Kansas and Oklahoma state policymakers are showing that insofar as humans are causing earthquakes, they can stop them, too. After restricting oil …

Fintech Startup Gets German Banking License – with Plans to Offer Insurance

N26, a Berlin startup that offers financial services directly to consumers, said Thursday it’s received a German banking license that will let it offer a fuller range of products across Europe. The company, whose mobile app lets European consumers maintain …

U.S. Can’t Seize Manhattan Building Over Iranian Terror Claims: Court

A federal appeals court said on Wednesday the U.S. government cannot seize a midtown Manhattan office tower originally built by the Shah of Iran, whose owners it claimed were fronts for the Iranian government. The 2nd U.S. Circuit Court of …

Court Battles Begin as U.S., States Sue to Halt Anthem, Aetna Mergers

U.S. antitrust enforcers roundly rejected a pair of proposed deals that would consolidate the nation’s five biggest health insurers into just three. The Justice Department filed an antitrust lawsuit to stop Anthem Inc.’s merger with Cigna Corp. in federal court …

MetLife to Change Brand Name of Spinoff Retail Brand to Brighthouse

MetLife Inc., the New York-based insurer that traces its roots to the 1860s, said it’s come up with a new name for a U.S. retail unit that’s slated for separation. The business will be known as Brighthouse Financial once it’s …

Zika Case in Utah Raises Questions over How Virus Spreads

The case of a Utah man who contracted the Zika virus after caring for his infected father raised new questions for health experts who said Tuesday that the investigation could guide new research into the way the disease spreads. The …

University of Oregon Settles Whistleblower Suit with Former Employees

The University of Oregon has agreed to pay $425,000 to settle a lawsuit brought by two former employees over allegations that the school retaliated against them for speaking out about a student’s therapy records being accessed. The Register-Guard reported UO …

Idaho Investment Firm at Heart of Trade-Secret Lawsuit

An Idaho-based software company is being sued after it hired two former employees from another company. The lawsuit, brought by SS&C Technologies Inc. against Clearwater Analytics and former SS&C employee Bradley Rossa in Illinois state court, focuses on common and often …

CNA Appoints Childs as VP of Underwriting for Construction

CNA has appointed Rick Childs to the post of vice president of underwriting for the company’s construction segment. In this role, he will partner with product line managers, risk control, claims and the worldwide field operations teams to establish underwriting …

Travelers Hit Hard with Catastrophe Losses in Q2

The Travelers Companies reported an 18 percent drop in net profit for the second quarter largely due to a 50 percent rise in losses from catastrophes. Catastrophe losses of $333 million, up from $221 million for the same period last …

News Archives by Month