Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack March 29, 2021 By Andrew G. Simpson CNA Financial Corp.’s financial ratings have not been affected by the insurer’s recent cyber attack. AM Best, S&P Global Ratings...
Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity December 1, 2020 By Suzanne Barlyn U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits...
Mining Giants BHP, Vale Accused of Colluding to Cut Payouts to Victims of Dam Collapse October 26, 2020 Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims...
Australia’s Westpac Takes A$1.2B Charge Against Q2 Earnings for Laundering, Refunds October 26, 2020 By Edward Johnson Westpac Banking Corp. has taken a A$1.2 billion ($871 million) charge against second-half earnings to cover a record money-laundering fine...
European Insurers Worried Regulators May Block COVID-19 Dividends September 9, 2020 Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time...
Coordinated Twitter Hacking Raises Concerns About Platform’s Security July 16, 2020 By Joseph Menn and Raphael Satter The extraordinary hacking spree that hit Twitter on Wednesday, leading it to briefly muzzle some of its most widely followed...
Mining Groups Should Be Required to Buy Insurance for Tailings Dams: Report June 30, 2020 Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held...
Insurers Must Re-Think Pandemic Response or Risk Reputational Damage: UK’s Airmic May 12, 2020 Airmic, the UK association for risk and insurance professionals, has urged the insurance market to adopt a more responsible and...
British Court Awards $11 Million to EY Whistleblower Who Exposed Money Laundering April 20, 2020 By Huw Jones and Peter Hobson A British court awarded $11 million in damages and expenses on Friday [April 17] to a former partner at global...
Australia’s Westpac Expects $578M Fine for Money Laundering Linked to Child Abuse April 14, 2020 By Byron Kaye Australia’s Westpac Banking Corp said it expects a A$900 million ($578 million) fine over accusations it enabled millions of illegal...