Charles Schwab Corp. has dropped a fight to require customers to waive their rights to participate in class action lawsuits, the company said on Thursday. Schwab, the San Francisco-based pioneer discount brokerage, has agreed to pay $500,000 to the Financial …
The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans’ personal medical records and health insurance data. Health data is far more valuable to hackers …
After years of facing fierce opposition, the idea of South Carolina passing a statewide texting-while-driving ban is becoming a real possibility. Earlier this month the state Senate and House passed separate bills aimed at putting to an end to the …
A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Wilton Reinsurance Bermuda Ltd., Wilton Reassurance Company, based in Minneapolis, Texas Life Insurance Company, Heritage Union Life Insurance Company, headquartered in …
XL Group’s reinsurance segment announced the establishment of new operations in Dubai, UAE, to serve the MENA market and act as a regional hub for the business. XL named Mohamad Alali as Senior Executive Officer and Imen Hamadouche as a …
A bulletin from XL Group notes: “As Mexico’s multinational companies continue to take a greater stake in the global market, protecting their assets across borders has become increasingly critical.” In order to beef up the company’s presence in the country …
The search for missing Malaysia Airlines Flight MH370 is likely to drag on for years, a senior U.S. defense official told Reuters on Friday, as an underwater search for any trace of the plane’s wreckage off west Australia appeared to …
Fitch Ratings said it “believes that the insurance industry and the ratings currently assigned to P&C companies in Nicaragua and Mexico will not be affected by the earthquakes that recently hit these countries.” Nicaragua experienced an earthquake on Thursday, April …
Catastrophe modeling firm AIR Worldwide, has issued a report on the powerful M6.6 earthquake that struck off the coast of Canada’s Vancouver Island at about 3:10 a.m. UTC (8:10 p.m. local time) a at a depth of 11.4 km (7.1 …
A New York hospital is reinforcing its ban on electronic cigarettes after a patient on oxygen was burned by a fire that erupted while she was puffing on one of the devices. Syracuse Fire Department officials say the exact cause …
