financial institution News

Going to Court Over Losses When Robot Is to Blame

Robots are getting more humanoid every day, but they still can’t be sued. So a Hong Kong tycoon is doing the next best thing. He’s going after the salesman who persuaded him to entrust a chunk of his fortune to …

XL Group Launches Crime Insurance Unit; Bangs Named Chief Underwriting Offer

To help address businesses’ and financial institutions’ crime concerns, including embezzlement, fraud, and bribery, XL Group is launching a global crime business, under the leadership of Gregory W. Bangs who joins the company as chief underwriting officer of Crime Underwriting. …