Markets
Boy Scouts Win Conditional Judicial Approval for Sex Abuse Bankruptcy Plan
The Boy Scouts of America has received a green light from a judge to proceed with its $850 million reorganization plan to exit bankruptcy and settle more than 80,000 claims brought by victims of ...
Willis Towers Watson Alleges Alliant Unlawfully Stole Employees, Trade Secrets and Clients
Insurance brokerage competitors Willis Towers Watson and Alliant Insurance Services are battling in court over what Willis alleges is a conspiracy by Alliant to steal its employees, trade secrets and ...
Customers Struck by T-Mobile Data Breach Now at 53 Million
T-Mobile US Inc said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an additional 5.3 million customers, bringing the total number of ...
COVID-19 Helping to Push Millennials Out of Housing Market: Legal & General Study
Home insurers should take note: the COVID-19 pandemic has apparently helped to dampen home ownership plans for U.S. millennials, according to a new Legal & General Study looking at the market ...
Executives On The Move at The Hartford and Swiss Re
The Hartford named one of its rising executives to be head of the Western Division for its Middle and Large Commercial Insurance business. Swiss Re Corporate Solutions appointed a new Head, Crisis ...
Tokio Marine’s Singapore Subsidiary Struck by Cyber Attack
Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack. Upon a detection of the attack, TMiS immediately took necessary ...
Former Purdue Pharma President Sackler Testifies His Family Didn’t Fuel Opioid Epidemic
Former Purdue Pharma President Richard Sackler said on Wednesday that his family's reign over the OxyContin maker did not contribute to the national opioid epidemic and downplayed his role in a ...
U.S. Cannabis Insurers Quietly Prepare for Increasingly Likely Federal Legalization
Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level. ...