News
U.S. Currency-Rigging Lawsuit to Proceed Against 12 Big Banks
A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. U.S. District ...
China Urged By U.S. Businesses to Delay New Cybersecurity Regs
U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret ...
In North America, the World Cup is in full swing. With it, we can draw lessons from AI and contextual...
Berkshire Hathaway Specialty Insurance Hires Rival Execs For Canadian Expansion
Berkshire Hathaway Specialty Insurance is expanding into Canada, and it has named executives from Gen Re, AIG and Chubb to help pursue the company's plan. There are three hires in all: Scott Miller ...
CNA Advances Two Executives in Underwriting and Sales
CNA Financial Corporation has promoted two executives to new positions in underwriting and sales. The country's seventh largest commercial insurance writer (and 13th largest property/casualty ...
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
Judge: Las Vegas Exec and Company Must Fork Over $584M For Ponzi Scheme
A Las Vegas executive and his company were ordered by a federal judge to pay $584.4 million for running what the U.S. Securities and Exchange Commission called a Ponzi scheme that bilked thousands of ...
NAIC Adopts New Corporate Disclosure Requirements: What Carriers Can Do Today to Avoid Problems Tomorrow
The NAIC recently adopted the Corporate Governance Annual Disclosure Model Act and corresponding Model Regulations (CGAD). Although the initial disclosures are not likely due until 2016 at the ...
Post-Blizzard, Costs Are Mounting as New England Digs Out
Millions in the U.S. Northeast on Wednesday started digging out from a powerful blizzard that dumped up to 3 feet of snow and led to coastal flooding around parts the region, while largely bypassing ...