A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black former worker, finding he was subjected to a racially hostile work environment, the Wall Street Journal reported. The jury determined …
Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis, though industry observers say they still have a long way to go. Several insurers went backwards. Companies in Britain with …
Cyberattacks may affect more than organizations’ pocketbooks. They can also hinder a hospital’s care during a crucial moment, a lawsuit filed in Mobile, Alabama, claims. The mother of a child who was born during the midst of a 2019 cyberattack …
Ledger Investing, Inc., a technology-driven marketplace for matching insurance risk to capital markets, announced the closing of Nanorock Fund Ltd., an insurance linked security (ILS) fund focused primarily on investing in casualty insurance risks through the Ledger Connect platform. Nanorock …
A major manufacturer of synthetic rubber, Firestone Polymers LLC, has agreed to pay $4 million in fines and an environmental project and make numerous improvements to settle a long list of state and federal air pollution complaints at its plant …
Safety National Re Revamps Management Team Safety National Re, a division of Safety National Casualty Corp., made changes to its management team. Bob King, formerly senior vice president and chief underwriting officer of Treaty Reinsurance, assumed the role of executive …
Agent digital experiences are moving to the forefront of property/casualty insurance carrier technology strategies, according to a survey report published by Celent late last week. Just having a web portal isn’t going to cut it anymore, with 94 percent of …
For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms are ringing about a related financial danger: risks lurking within government bonds, the biggest part of the global debt market. …
Former Facebook employee and whistleblower Frances Haugen will urge the U.S. Congress on Tuesday to regulate the social media giant, which she plans to liken to tobacco companies that for decades denied that smoking damaged health, according to prepared testimony …
Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and UK-based Manchester Underwriting Agencies Limited. Terms of the transactions were not disclosed. Established in 2012, Briat Insurance Ltd. is a …
