Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P September 30, 2021 By L.S. Howard The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and...
Construction Fintech Built Nabs $1.5B Valuation; Growth Plans Include Insurance September 30, 2021 By Gillian Tan Built Technologies, a construction industry-focused financial-technology startup, has more than tripled its valuation to $1.5 billion after raising $125 million...
Boy Scouts Preparing for Abuse Victims’ Vote on $1.6 Billion Compensation Fund September 30, 2021 By Steven Church The Boy Scouts of America are preparing to ask sex abuse victims to vote for a $1.6 billion trust fund...
Amazon Reaches Private Settlement With Workers Who Criticized Warehouse Conditions September 30, 2021 Amazon.com Inc. and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with...
Citigroup Asks Appeals Court to Let It Recoup $504M Lost in Revlon Loan Pre-Pay Error September 30, 2021 By Jonathan Stempel Citigroup Inc. on Wednesday pressed a federal appeals court to let it recoup about $504 million of its own money...
Willis Re Launches Flood Model for MENA Region September 30, 2021 Willis Re has launched a new flood model for the Middle East and North Africa (MENA) region, which enables re/insurers...
Funds Demand Science-Based Emissions Targets From 1,600 Most Polluting Firms September 30, 2021 By Simon Jessop Funds managing nearly $30 trillion in assets called on Wednesday for 1,600 of the world’s most polluting companies to “urgently”...
Hong Kong Firms, Including FWD, Are Flagging China Risks in U.S. IPO Filings September 30, 2021 By Julia Fioretti Hong Kong-based companies with little to no presence in mainland China are the latest to warn about the risks they...
UK Financial Services Sector Calls for Eased Visa Requirements to Keep Competitiveness September 30, 2021 By Huw Jones LONDON — Britain’s financial sector has called on the government to ease visa requirements on overseas staff who want to...
Mississippi State Dept. of Health Officer: Medical Marijuana Regulation a Concern September 30, 2021 By Emily Wagster Pettus The Mississippi state health officer said that he’s concerned about how the Health Department would receive money for its part...