Global Economy
EU Claims to Be Ready for No-Deal Brexit on Oct. 31, Despite Undesirability
The European Union said it's ready for the U.K. to leave the bloc without a deal and isn't planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European ...
The UK’s Legal & General Teams With Amazon on First Pensions Blockchain Deal
British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use a managed blockchain ...
U.S. Cyber Premiums Slowed to 10 Percent Increase in 2018: Aon
U.S. cyber insurance premiums grew 10 percent in 2018 and 14 additional players began offering coverage in the sector, Aon reported in its latest study of the sector. Aon found that 184 U.S. insurers ...
Lemonade’s European Expansion Begins in Germany
Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has started offering contents and liability ...
For Legacy Carriers, It’s About Technology With a ‘Human Touch’
The digital transformation of the insurance industry isn't just for InsurTech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows ...
Two Execs at Lloyd’s Insurer TMK Booted After Sexual Harassment Allegations
Two executives at a top Lloyd's of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of ...
Three Business Cases Added to SCOTUS Roster That Would Curb Lawsuits
The U.S. Supreme Court bolstered its next term with three new business cases, agreeing to consider curbing lawsuits over environmental cleanups, employee retirement plans and allegations of racial ...
Men Rejected for Google Jobs Clear Hurdle Over Lawsuit Alleging Liberal Bias
White conservative males who allege that liberal bias at Google Inc. doomed their chances of getting hired by the tech giant cleared the first hurdle to proceed with their lawsuit. A California state ...