Markets
California Forced Blackout Spreads; Economic Impact Could Reach $2.6B
The unprecedented power shutdown by California's PG&E Corp. has spread deeper into cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major ...
Wildfire Victims Win Right to File Reorg Plan for Bankrupt California Utility
The judge overseeing the bankruptcy of PG&E Corp on Wednesday issued an order opening the door to a group of noteholders and wildfire victims to file their own reorganization plan for the ...
No-Deal Brexit Risks Throwing Billions of Data Transfers Into Legal Limbo
If Britain hasn't secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo. Though not as visible as lines of ...
AAIS Working Groups Seek to Broaden Industry Use of Blockchain Platform
The American Association of Insurance Services is trying expand the use of its blockchain platform across different segments of the property-casualty insurance industry. AAIS, a non-profit insurance ...
The Latest Launches From Nationwide and Corvus Insurance
Nationwide has brought on another partner so it can begin automating underwriting appetite communications for thousands of agents. Corvus Insurance updated its cyber underwriting model with ...
Greater Scrutiny of Argo Executive Compensation Began Before SEC Stepped In
After an Argo Group activist shareholder clamored for greater oversight of executive compensation for much of 2019, the investor appears to be finally getting its wish. On Oct. 8, Argo disclosed that ...
It’s Time to Assess Cyber Insurance Coverage Gaps
As Cybersecurity Awareness Month is underway, it may be time for businesses – especially small- or mid-sized firms – to assess their understanding of current cyber risks and whether they're ...
Jury Awards $8B to Man Who Sued J&J Over Drug’s Breast-Growing Side Effects
Shares of Johnson & Johnson dipped 2% on Wednesday after a jury awarded $8 billion in punitive damages to a man who accused the drugmaker of failing to warn that young men using its antipsychotic ...