Markets
MasterCard, Visa Lose Out in U.K. Retailer Fees Suit Appeal
A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages. The fees fixed by Visa Inc. and ...
Adidas Warning Millions of U.S. Customers About Data Breach
Adidas AG is the latest company to come under attack from cyber-thieves looking to steal personal information, with millions of customers potentially at risk. The athletic-wear company alerted ...
PwC Ordered to Pay FDIC $625.3M Concerning Bank’s Collapse
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank ...
Swiss Re Launches Restrictive Coal Exposure Coverage Policy
Swiss Re has started a policy where it will not provide insurance or reinsurance to businesses with more than 30 percent thermal coal exposure. The policy, first announced in June 2017, is designed ...
Blockchain Is Technological Evolution That Will Create Insurance, Reinsurance Revolution: B3i’s Marke
Blockchain technology is moving out of the lab and into the insurance business. It's moving past the hype phase and is edging closer to providing real-life efficiency improvements for the industry. ...
XL Catlin’s VC Arm Leads $16.5M Financing for Israeli Maritime Risk Analytics Firm
XL Catlin's venture capital arm is the lead investor in a $16.5 million financing for Windward, a maritime risk analytics firm based in Israel. XL Innovate led the Series C financing, though previous ...
Property Catastrophe Reinsurance Rate Hike Momentum Sputters: Willis Re
Any momentum for property catastrophe reinsurance rate hikes in place earlier this year has largely dissipated during the June/July renewals, and some pricing has even dipped, Willis Re said in its ...
VW Employee Sues Company, Alleging Widespread Age Discrimination
A Tennessee employee of Volkswagen AG sued the automaker and alleged that it has been systematically discriminating against older workers in wake of a massive emissions scandal that tarnished the ...