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Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on ...
Aon released its first ever Errors & Omissions/cyber insurance product snapshot and it presents a pretty dire snapshot of worsening conditions. There were on average three new E&O cyber ...
ACE Westchester, the excess and surplus lines business of ACE Group, has announced a new errors and omissions endorsement designed to help medical organizations manage nontraditional risk exposures. ...
Hiscox has named a new chief underwriting officer for its fast-growing U.S. unit. Nicole Goodwin will be based in Hiscox USA's New York City office. She replaces Gary Head, who will head to London to ...
Berkshire Hathaway Specialty Insurance (BHSI) is rolling out Professional First Insurance Company Professional Liability Insurance, which provides customizable coverage for U.S. insurance companies, ...
A large group of creditors of MF Global Holdings Ltd.'s bankrupt brokerage unit will soon receive their first payout, as $518.7 million of checks start to be mailed out on Friday, the third ...
Regulators are moving to shine a light on "dark pools", opaque and quasi-anonymous trading venues. New York's attorney general has filed a lawsuit against British bank Barclays relating to its dark ...
Jon Corzine and other former insiders of collapsed brokerage MF Global can tap another $10 million of insurance funds to defend lawsuits accusing them of hastening the firm's downfall, a U.S judge ...
JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the ...
MF Global Holdings Ltd., which filed for bankruptcy after a failed $6.3 billion bet on bonds of some of Europe's most indebted nations, sued PricewaterhouseCoopers LLP for $1 billion, alleging ...
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