Yearly Archives: <span>2018</span>

Earthquake Hits Japan’s Industrial Heartland, Causing 3 Deaths; Trains, Factories Halted

Three people were confirmed dead and almost 100 injured after a strong earthquake hit Osaka on Monday morning, rattling one of Japan’s industrial heartlands and halting trains and factories across the region. The earthquake struck at 7:58 a.m. local time, …

Insurer Must Defend Bill Cosby Defamation Suits, Court Says

A federal appeals court says an insurance company must pick up Bill Cosby’s tab to fight defamation lawsuits brought by women who accused him of sexual misconduct. But the ruling by the 1st U.S. Circuit Court of Appeals in Boston, …

Custody Protection, Regulation, Insurance Seen Paving Way for Shift to Cryptocurrencies

Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he’s long contended with a headache: Ensuring his holdings aren’t stolen. Samani, a managing partner at Multicoin Capital, hopes to offload that …

UK Court Rules Contractor Entitled to Employment Rights in Test Case for Gig Economy

A London plumber who claimed he was unfairly dismissed after years of working as a contractor won a court ruling Wednesday [June 13] giving him employment rights, in a closely watched case testing labor rules in the so-called gig economy. …

Chilton to Step Down as CEO of Gallagher’s UK Operations; Succeeded by Matson

Arthur J. Gallagher & Co. announced that the head of the company’s UK-based brokerage and underwriting division, Grahame “Chily” Chilton, will be stepping down from his role as chief executive officer later this year. Subject to regulatory approval, Simon Matson, …

South Africa Insurer Liberty Refuses to Pay Ransom Demand After Data Breach

Liberty Holdings Ltd., the South African insurer midway through an overhaul to improve profit, said it refused a ransom demand after hackers breached its information-technology infrastructure and accessed some emails. The stock fell the most since April 4. “We did …

Vermont to Require That All Have Health Insurance

Vermont is moving forward with its quest to ensure that as many residents as possible have health insurance by enacting a law that will require all to be covered or be penalized. The law, signed with no fanfare by Republican …

Mississippi Supreme Court Upholds Dismissal of Crash Suit by Helicopter Pilot

The Mississippi Supreme Court has upheld the dismissal of a lawsuit filed over a 2009 helicopter accident that left its pilot partially paralyzed. Justices ruled 6-2 that a proper complaint was not filed by Rob Hammons of Greenwood against the …

Fiduciary Rule Dies as Last Court Deadline Passes

The “fiduciary rule” is officially dead. The Labor Department rule, conceived by the Obama administration, was meant to ensure that advisers put their clients’ financial interests ahead of their own when recommending retirement investments. The rule’s fate was all but …

More Employers Adopting ‘Don’t Ask, Don’t Tell’ Policy for Marijuana Use

FPI Management, a property company in California, wants to hire dozens of people. Factories from New Hampshire to Michigan need workers. Hotels in Las Vegas are desperate to fill jobs. Those employers and many others are quietly taking what once …