Oil Firms Strike Out Again in Fight Against Massachusetts, Rhode Island Climate Suits May 25, 2022 By Andrew G. Simpson Exxon Mobil Corp. has lost another round in its fight to stop states from pursuing claims that it has deceived...
HDI International to Acquire Retail Insurance Business of Sompo Seguros in Brazil May 25, 2022 HDI International AG, a subsidiary of Talanx Group, is acquiring the retail business of Sompo Seguros S.A. in Brazil. This...
Cryptocurrencies May Pose Risk to Wider Financial Stability: ECB May 25, 2022 By Francesco Canepa and Tom Wilson Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two...
Former Executive of PICC Property & Casualty Expelled From China’s Communist Party May 25, 2022 China’s ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co. from the party,...
Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens...
Fairfax-Backed Digit Insurance Targets $5B in India IPO Valuation: Sources May 25, 2022 By M. Sriram India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial...
Ford to Pay States $19.2 Million Over False Advertising Claims May 25, 2022 By David Shepardson Ford Motor Co. will pay $19.2 million to resolve allegations it falsely advertised real-world fuel economy and payload capacity for...
New York City to Pay $7M to Man Wrongfully Convicted in 1996 Killing May 25, 2022 By Jennifer Peltz New York City has agreed to pay $7 million to a man who spent 23 years behind bars for a...
Insurance Professional Standards: Suitability, Best Interest, and Fiduciary Explained May 25, 2022 By Niji Sabharwal This post is part of a series sponsored by AgentSync. Insurance producers have to follow different standards of care when...
Arthur J. Gallagher Acquires Frederickson Partners in California May 25, 2022 Arthur J. Gallagher & Co. acquired Menlo Park, California-based Valerie Frederickson & Company Inc., dba Frederickson Partners. Founder Valerie Frederickson...