Illinois Supreme Court Refuses to Reconsider BIPA Ruling, Despite Warning About ‘Astronomical’ Penalties July 20, 2023 By Jim Sams The Illinois Supreme Court on Tuesday refused to reconsider its 4-3 decision that found violations of the state’s Biometric Privacy...
Markets/Coverages: AXA XL Launches Carbon Emissions Product for Marine Clients July 20, 2023 AXA XL in the UK has launched its Excess Emissions Insurance product helping marine clients to manage their environmental footprint...
US Fed Fines Deutsche Bank $186M for Failing to Beef Up Money Laundering Controls July 20, 2023 By Pete Schroeder and Chris Prentice The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186 million for failing to sufficiently...
GOP Attorneys General Shift Battle Over Affirmative Action to Workplace July 20, 2023 By Wyatte Grantham-Philips and Geoff Mulvihill Thirteen Republican state attorneys general are cautioning CEOs of the 100 biggest U.S. companies on the legal consequences for using...
Mayfield, Kentucky, Hit by Floods 18 Months After Devastating Tornado July 20, 2023 By Staff and Wire Reports Parts of Kentucky cannot seem to catch a break from extreme weather events. Some 18 months after a powerful tornado...
Update: Allstate Estimates Catastrophe Losses of $1 Billion in June, $2.7 Billion in Q2 July 20, 2023 Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month...
Tornado Rips Apart Pfizer Plant, Injures 16 in North Carolina July 20, 2023 Drugmaker Pfizer Inc. said on Wednesday its plant in Rocky Mount, North Carolina, which is one of the largest sterile...
AIG, AXA Weighing Sales of UK Businesses: Sources July 20, 2023 By Jan-Henrik Förster and Sonia Sirletti Two of the world’s largest insurers are weighing the sale of businesses in the United Kingdom, according to people familiar...
Miami-Dade Moves to Protect Workers from Extreme Heat. Will State Block Rule? July 20, 2023 With record heat in Florida and the rest of the U.S., officials in Miami-Dade County are moving to protect about...
Marsh McLennan Beats Q2 Profit Estimates on Higher Interest Income July 20, 2023 Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds....