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Markets/Coverages: Marsh Offers Insurance to Manage Risks of Fake Carbon Credits Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insurance facility to help organizations in the UK, EU, and US …
POSTED NOVEMBER 04, 2024 3:08 PM |
Hawaii Attorney General Probe into Deadly Wildfire Won’t Lead to Criminal Charges An investigation by the Hawaii attorney general’s office into the deadliest U.S. wildfire in more than a century, which destroyed most of the historic town of Lahaina, won’t lead to any criminal charges. Hawaii Attorney General Anne Lopez launched an …
POSTED NOVEMBER 04, 2024 2:34 PM |
Vienna Insurance Group Launches Specialist Cyber Security Company Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive support to help companies reduce cyber risks and to prevent and …
POSTED NOVEMBER 04, 2024 2:30 PM |
Berkshire’s GEICO Turns in Strong Q3 but Overall Insurance UW Income Slips Third quarter underwriting income with Berkshire Hathaway’s insurance insurance units fell about $1.7 billion to $750 million due to estimated losses of about $565 million from Hurricane Helene and increases in losses from prior year claims. In releasing its earnings …
POSTED NOVEMBER 04, 2024 2:25 PM |
Facebook, Nvidia Ask Supreme Court to Spare Them From Securities Fraud Suits The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies …
POSTED NOVEMBER 04, 2024 12:52 PM |
Meta Loses Bid to Appeal UK Class Action Over User Data Meta Platforms Inc. failed in a bid to challenge a class action suit in the UK that alleged Facebook abused its dominant position and exploited its users personal data. The UK’s Court of Appeal refused to permit Meta and Facebook’s …
POSTED NOVEMBER 04, 2024 10:14 AM |
French Families Sue TikTok Over Alleged Failure to Remove Harmful Content Seven French families have filed a lawsuit against social media giant TikTok, accusing the platform of exposing their adolescent children to harmful content that led to two of them taking their own lives at 15, their lawyer said on Monday. …
POSTED NOVEMBER 04, 2024 10:01 AM |
SEC Says JPMorgan Chase Settles Five Enforcement Cases, to Pay $151M JPMorgan Chase will pay $151 million to settle five U.S. Securities and Exchange Commission enforcement cases, including accusations that the largest U.S. bank made misleading disclosures to brokerage customers, the regulator said on Thursday. The settlements include $61 million of …
POSTED NOVEMBER 04, 2024 6:09 AM |
Despite Recent Backlash, Nearly 60% of U.S. Workers Support Current DEI Policies While recent events have put corporate America’s diversity efforts on defense, the programs continue to receive strong support from employees, according to new research from The Conference Board. The survey gauges employees’ and executives’ perceptions of DEI initiatives and backlash. …
POSTED NOVEMBER 04, 2024 6:05 AM |
Would Letting Roofers Do More Wind-Mit Work Help Cut Florida’s Insured Losses? A recent photograph of destruction left by Hurricane Milton’s wind tells the story: An entire roof section on a residential complex in Bradenton, Florida – including rafters and ceiling joists – was ripped off, exposing people’s abodes and belongings to …
POSTED NOVEMBER 04, 2024 6:01 AM |
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