China Regulator Pledges Continued Backing of Hong Kong as Financial Center August 24, 2020 China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up...
Hedge Fund Collects $3 Billion in Bet on Wildfire Insurance Claims August 24, 2020 By Michael McDonald and Mark Chediak Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on...
Berkshire Hathaway Specialty Adds ERGO’s Keune to Head Executive Lines in Germany August 24, 2020 Berkshire Hathaway Specialty Insurance (BHSI) has appointed Dr. Carsten Keune as head of Executive & Professional Lines in Germany. Carsten...
Marco Capital Targets Europe’s P/C Insurance Run-Off Market August 24, 2020 Newly-launched Marco Capital Holdings Limited plans to pursue property/casualty insurance run-off opportunities in Continental Europe, the UK and Lloyd’s of...
Britain, EU Report Little Progress on Post-Brexit Deal August 24, 2020 By William James and Gabriela Baczynska Britain and the European Union made scant progress towards a deal on future ties in talks last week, and their...
New Jersey High Court Sides with Pfizer Over Religious Discrimination Suit August 24, 2020 By David Porter A former Pfizer employee who said she was fired for refusing a vaccine on religious grounds can’t proceed with a...
Global Dividends Outcome ‘Worst Since Global Financial Crisis’ August 24, 2020 By Marc Jones The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17%-23% this year or what could be...
Property Insurer Not Off the Hook for Claim Stemming from Fight Over Fish August 24, 2020 By Jim Sams A policy that excludes damages caused by “physical abuse” does not take a property insurer off the hook for a...
U.S. Needs an SEC for Its Health Care System: Opinion August 24, 2020 By Regina Herzlinger, Bloomberg Opinion The U.S. health care system suffers from a lack of transparency. Employers, insurers and individual consumers pay varying prices for...
California Electrical Contractor to Pay $1.25M to Settle Racial Harassment Suit August 24, 2020 A San Jose, Calif.-based electrical subcontractor at the Apple Park construction project, will pay will pay $1,250,000 and provide other...