Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Major Generali Investor Norges Backs Reappointment of CEO Donnet April 22, 2022 Norges Bank Investment Management, one of the main institutional investors in Generali GASI.MI, backs the reappointment of CEO Philippe Donnet,...
India Halves Fundraising Goal to $3.9B for Life Insurance Corp.’s IPO: Source April 22, 2022 By Aftab Ahmed New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion),...
Auto Insurance Industry to New York: Get Rid of Photo Inspection Requirement April 22, 2022 By Andrew G. Simpson Auto insurance carriers and independent agents in New York have launched a campaign to eliminate what they say is an...
Canada’s Housing Downturn Among Biggest Financial System Risks, Regulator Warns April 22, 2022 By Nichola Saminather A housing market downturn in Canada is among the biggest risks facing the financial system this year, the country’s financial...
UK Seizes Funds Linked to $150M Fraud From Fintech Firm QPay April 22, 2022 By Jonathan Browning The UK seized 2 million pounds ($2.61 million) from a London-based fintech firm, saying that the funds were linked to...
Civil Cases Loom Over QB Watson as He Reports to NFL’s Browns April 22, 2022 By Juan A. Lozano While Deshaun Watson’s NFL career has resumed with the Cleveland Browns after grand juries declined to indict him on any...
Obama Relatives Sue Wisconsin School Alleging Racial Bias April 22, 2022 The brother of former first lady Michelle Obama and his wife are suing a private Milwaukee school alleging it refused...
Tesla Insurance Turning ‘Nightmare’ Claims Experience Into ‘Dream’: Musk April 22, 2022 By Susanne Sclafane Tesla is “trying to turn a nightmare into a dream with Tesla Insurance,” Chief Executive Officer Elon Musk said Wednesday....
Federal Court in Delaware Requiring Disclosure of Litigation Funding Agreements April 22, 2022 By Jim Sams Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to...