Monthly Archives: <span>April 2019</span>

IMF Officials Urge Governments to Limit Risks to Global Economy

The International Monetary Fund warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters. “We see downside risk and that means one has to …

London Continues to Lose Financial Sector Jobs Over Brexit

Job vacancies in London’s finance industry have halved in two years as uncertainty over Brexit knocks business confidence, a survey by recruiter Morgan McKinley has found. The number of jobs available in the city’s financial services industry and the number …

Judge Directs Bayer to Enter Mediation with Plaintiffs in Roundup Cancer Lawsuits

A U.S. judge ordered Bayer AG to pursue mediation with plaintiffs claiming that its Roundup weedkiller causes cancer, asking the company to try to settle lawsuits that have wreaked havoc on its share price. More than 11,200 people have sued …

Brake Complaints Cause Lyft to Replace 3,000 Electric Bikes in 3 Cities

Lyft Inc. is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday. “We recently received a small number of reports …

Insurance Agency Merger Count Held Steady in Q1: Optis

There were 151 announced insurance agency mergers and acquisitions during the first quarter of 2019, according to Optis Partners. That was one more deal than was announced in the first quarter of 2018. The data tracked by the Chicago-based agency …

British CFOs Fears of Long-Term Brexit Downturn Grow

An increasing number of chief financial officers expect Britain’s long-term business climate to worsen after the U.K. leaves the European Union, according to a Deloitte survey. More than 80 percent of 89 British companies’ heads of finance, interviewed between March …

Why Uber ‘Depends Heavily’ on Insurance

Uber Technologies Inc., on its way to an initial public offering that some media reports say could raise $10 billion, might not be in the position it is in without insurance. “Our business depends heavily on insurance coverage for drivers …

Automation, Artificial Intelligence Part of Plan for Modernizing Texas Insurance Department

Becoming the chief insurance regulator of a large and populous state with the second largest insurance market in the country was never in Kent Sullivan’s game plan. But when Texas Gov. Greg Abbott asked Sullivan to step up to the …

Feds Issue Proposal to Ease Franchisor Liability

By Daniel Wiessner The U.S. Department of Labor issued a proposal that would make it more difficult to prove companies are liable for the wage law violations of their contractors or franchisees, a top priority for business groups. If adopted, …

New Atlanta-Based Multicultural Women’s Network to Tackle Industry Leadership Gap

After 25 years in the insurance business both as an agent and consultant, Mernice Oliver has heard a consistent theme from the women she has worked with and coached: there are no leadership initiatives or groups focused on the challenges …