FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny March 21, 2024 By Douglas Gillison Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S....
Indiana, West Virginia Pass New Restrictions on Third-Party Litigation Financing March 21, 2024 By Insurance Journal Staff Reports Efforts to rein in third-party litigation financing are on their way to becoming law in Indiana and West Virginia, a...
Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey March 21, 2024 By Jahna Jacobson In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern...
SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’ March 21, 2024 By Chad Hemenway The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.”...
Panel Asks W.Va. Supreme Court if Opioid Distribution Can Cause a Public Nuisance March 21, 2024 By John Raby CHARLESTON, W.Va. (AP) — A federal appeals court asked West Virginia’s highest court Monday whether opioid distributions can cause a...
Justice Department Sues Apple in Antitrust Case Over iPhone March 21, 2024 By Leah Nylen The US Justice Department and 16 attorneys general sued Apple Inc., accusing the iPhone maker of violating antitrust laws by...
Risk Strategies Acquires North American Units of H.W. International March 21, 2024 Global specialty brokerage Risk Strategies reported that it has acquired the U.S. and Canadian operating entities of global insurance holding...
Nine Dead After South Korean-Flagged Vessel Capsizes off Japan, South Korea Says March 21, 2024 At least nine people were killed when a South Korean-flagged vessel capsized off Japan, South Korea’s foreign ministry said on...
UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation March 21, 2024 By Carolyn Cohn Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the...
Texas Contractor Faces $257K Fine After Teenager’s Death in Trench Collapse March 21, 2024 A Houston, Texas-area contractor is facing more than a quarter million dollars in fines after a federal investigation found the...