Markets
Scientist Panel Prepared to Recommend Much Deeper Cuts in Fossil-Fuel Pollution
A panel of the world's top climate scientists is preparing to recommend much deeper cuts in fossil-fuel pollution than currently suggested as a pathway to stave off a dangerous increase in global ...
Apple Wins Reversal of Patent Lawsuit Verdict Involving Computer Processing Tech
Apple Inc persuaded a federal appeals court on Friday to throw out a $234 million damages award in favor of the University of Wisconsin-Madison's patent licensing arm for infringing a patent on ...
Is the Reinsurance Cycle Dead or Just Dormant?
Many reinsurance executives have been left scratching their heads in surprise after last year's natural catastrophes, which cost a whopping $100 billion but ended up having very little impact on ...
Nationwide, Nexar Report Telematics Success On Commercial Auto Pilot
One of Nationwide's commercial insurance policyholders is realizing the benefits of venture-capital investment that the insurer made in a telematics startup and a pilot program that is reducing risky ...
Greenlight Re Invests in Hong Kong-Based Blockchain Business
A division of Greenlight Capital Re has invested in a blockchain-related business based in Hong-Kong. The Cayman Islands-headquartered property/casualty specialist reinsurer said it pursued a ...
Facebook Cyber Breach Affects 50M Users
Facebook Inc has discovered a security issue affecting about 50 million user accounts, the company said on Friday. Facebook said attackers stole Facebook access tokens through its "view as" feature, ...
Global Insurance Accelerator Begins Search for New Director; Hemesath to Take New Role
The Global Insurance Accelerator (GIA) has begun a search for a new managing director. Brian Hemesath, the current managing director who has taken GIA from concept to a leadership role in InsurTech, ...
Goldman Sachs, Bank of America, Others Must Face Stock Lending Antitrust Suit
Major banks including Goldman Sachs Group Inc., Bank of America Corp., Credit Suisse Group AG and JPMorgan Chase & Co. must face allegations that they conspired to prevent the "antiquated" stock ...