Insurers’ $158 Billion CLO Bet Is Putting the Industry at Risk July 31, 2020 By Katherine Chiglinsky They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers. Collateralized...
China-Backed Hackers ‘Targeted’ COVID-19 Vaccine Firm Moderna, Reuters Reports July 31, 2020 By Christopher Bing and Marisa Taylor Chinese government-linked hackers targeted biotech company Moderna Inc., a U.S.-based coronavirus vaccine research developer, this year in a bid to...
Chubb CEO Says U.S. Failure to Manage Covid-19 Hurts Economy, Global Image July 31, 2020 By Mark Hollmer Global insurer Chubb’s employees have begun to return to their offices in many countries around the world as governments have...
As Benefits Expire, Senate Adjourns Without Congressional Deal on Coronavirus Aid July 31, 2020 By David Morgan and Susan Cornwell Just one day before a federal jobless benefit was set to expire, the U.S. Congress was no closer on Thursday...
Climate Risk Analytics Firm Gets Capital Injections from Liberty and MS&AD July 30, 2020 By Don Jergler Jupiter, a Silicon Valley startup provider of predictive data and analytics for climate risk, announced it has raised additional capital...
Court Revives Actress Judd’s Sex Harassment Lawsuit Against Weinstein July 30, 2020 By Edvard Pettersson Actress Ashley Judd persuaded a federal appeals court to let her proceed with a sexual-harassment claim against former movie mogul...
Insurance Journal Offers Free Agency for Sale Listings. What’s the Catch? July 30, 2020 Insurance Journal announced that insurance agency owners looking to sell their agencies may post agency-for-sale listings on the highest trafficked...
Coastal Flooding Could Threaten 20% of World’s Economic Output by 2100: Study July 30, 2020 Failure to rein in climate change and bolster sea defenses could jeopardize up to a fifth of the world’s economic...
Marsh & McLennan Profit Up in Q2; CEO Sees Aon-Willis Merger ‘Good’ for MMC July 30, 2020 The pending acquisition by insurance broker Aon of rival Willis Towers Watson is “not good for the market or for...
Reuters: Rite Aid Deployed China-Linked Facial Recognition in Poor Neighborhoods July 30, 2020 By Jeffrey Dastin Over about eight years, the American drugstore chain Rite Aid Corp quietly added facial recognition systems to 200 stores across...