Saudi Arabia’s Regulator Plans to Raise Capital Requirements for Insurers February 24, 2020 By Yousef Gamal El-Din, Vivian Nereim and Matthew Martin Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central...
Korean Re to Open Office in Bogota, Colombia, for Latin America Growth February 24, 2020 Korean Reinsurance Co. obtained approval on Feb. 18, 2020 to open a representative office in Bogota, Colombia. This move is...
Financial Services Firms Risk $1 Trillion in Losses from Climate Change: Report February 24, 2020 By Iain Withers The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate...
Australia Regulator Seeks to Understand Financial Risks of Climate Change February 24, 2020 By Swati Pandey Australia’s prudential regulator said on Monday it was looking to better understand the financial risks of climate change and would...
Danske Bank Ex-CEO Faces $387M Lawsuit over Money Laundering Scandal February 24, 2020 By Christian Wienberg The ousted chief executive of Danske Bank A/S, Thomas Borgen, has been personally targeted in an investor lawsuit arguing he...
Oregon Wrestles With Building Facilities in Tsunami Zones February 24, 2020 By Andrew Selsky Experts say the big one is coming to the Pacific Northwest: a massive earthquake that will cause buildings and bridges...
Illinois Parents Allege Daughter, 6, Was Sexually Assaulted At Recess February 24, 2020 The parents of a 6-year-old southern Illinois girl are suing local school officials, alleging that their daughter was sexually assaulted...
But Wait. Here’s ‘The Rest of The Story’ on Buffett’s Lubrizol February 24, 2020 By Andrew G. Simpson In his firm’s annual report released this weekend, Berkshire Hathaway CEO Warren Buffett included a side note on one of...
Colorado Excessive Force Lawsuit Settled for $125K February 24, 2020 By Don Jergler Fort Collins, Colo. has reached a $125,000 settlement with a woman who sued the city after an off-duty police officer...
National Insurance Crime Bureau Says Arizona Leads Nation in Auto Glass Claims February 24, 2020 Arizona leads the nation in auto glass claims despite being 14th in total population, according to the National Insurance Crime...