Facebook’s Cryptocurrency Gets Pushback from Global Financial Watchdogs June 24, 2019 By Alastair Marsh Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister...
Women Employees at Oracle Seek Class-Action Status in Gender Pay Lawsuit June 24, 2019 By Peter Blumberg and Joel Rosenblatt Call it the class ceiling. Women suing major technology companies for gender discrimination would have much stronger leverage against their...
Facebook Faces Lawsuit for Data Breach Affecting Nearly 30 Million Users June 24, 2019 By Kartikay Mehrotra and Aoife White Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of...
Financial Services Provides Plenty of Jobs – from Coast to Coast: Opinion June 24, 2019 By Justin Fox, Bloomberg Opinion There were 755,436 people working in financial activities in the New York metropolitan area last year, more than twice as...
AXA XL Enhances Environmental Insurance Coverage June 24, 2019 AXA XL’s Environmental business in North America has added supplemental coverage to its Pollution and Remediation Legal Liability (PARLL) policy...
AM Best Executive Mayewski to Retire, Succeeded by Mosher as President and CEO June 21, 2019 AM Best announced that Larry G. Mayewski will retire from his position as chairman, president and CEO of AM Best...
Argo Deploys Insurtech Platform from AVYST to Streamline Risk Submissions June 21, 2019 Argo Group International Holdings, the Bermuda-based specialty re/insurer, has adopted an insurtech platform that enables managing general agents, wholesalers and...
What to Expect in Agency Technology June 21, 2019 By Andrea Wells To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of...
Billions at Stake from Opioid Suits but Damages Unlikely to Top $200B Tobacco Windfall June 21, 2019 By Martin Z. Braun An Oklahoma case, the first of more than 1,600 lawsuits filed by U.S. state and local governments against opioid makers...
Walmart Agrees to Pay $282 Million to End 7-Year Global Bribe Investigation June 21, 2019 By Tom Schoenberg Walmart Inc. agreed to pay $282 million in penalties and a Brazilian unit admitted to violating a U.S. anti-bribery law,...