Google’s YouTube Sued for $3 Billion in UK over Use of Children’s Data September 15, 2020 By Ellen Milligan and Stephanie Bodoni Alphabet Inc.’s Google faces a multibillion-dollar lawsuit in the UK over claims that YouTube routinely breaks privacy laws by tracking...
Reinsurance Sector ‘Stable’ Despite Major Headwinds: AM Best September 14, 2020 By Adrian Leonard The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable...
Reinsurers Enter January Renewals, Focusing on Underwriting Discipline: Carpenter, Aon September 14, 2020 By L.S. Howard Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers...
Guy Carpenter’s Riley to Join Lockton Re Aviation Practice in London September 14, 2020 Global reinsurance broker Lockton Re announced that Dominic Riley will be joining Lockton Re in London to lead the Aviation...
Slovenian Woman Sentenced for Cutting Off Her Hand for Insurance Payout September 14, 2020 A court in Slovenia on Friday sentenced a 22-year-old woman to two years in prison for deliberately cutting off her...
Major UK Ruling on Business Insurance for COVID-19 Claims Expected Tuesday September 14, 2020 By Benjamin Robertson and Lucca de Paoli Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is...
China Tightens Rules Governing Financial Holding Firms September 14, 2020 China issued new rules on Sunday to regulate financial holding companies, in its latest move to prevent systematic risks to...
Lloyd’s Underlying Underwriting Results See ‘Huge Improvement’ Despite COVID Losses September 11, 2020 By L.S. Howard While Lloyd’s overall results in the second half were hit by £2.4 billion ($3.12 billion) of COVID-19 claims, the market’s...
Facebook Going to Court in Ireland to Salvage Its EU to U.S. Data Transfer Practices September 11, 2020 Facebook Inc. launched legal action on Friday against Ireland’s Data Protection Commission in an attempt to halt a proposed order...
Chubb Appoints Sosa to Lead Operations in Japan September 11, 2020 Chubb Limited announced that Diego Sosa has been named regional president, Far East. Currently, chief operating officer for Chubb in...