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

Prime Minister May Seeks Another Brexit Delay, Setting Up Battle With EU

Prime Minister Theresa May has asked the European Union to delay Brexit until June 30, setting up a battle with the bloc ahead of a key summit next week. May wants an extension to June 30 and aims to avoid …

Arthur J. Gallagher Acquires Canada’s Keyser Benefits Corp.

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Canadian broker Keyser Benefits Corp. Terms of the transaction were not disclosed. With roots dating back more than 45 years, Calgary, Alberta-based Keyser is a full-service …

California Weighs Catastrophic Wildfire Fund as Way to Protect Utilities

Creation of a catastrophic wildfire risk pool is emerging as the most likely option as California lawmakers seek to protect the solvency of investor-owned utilities from record payouts for fire damages. PG&E filed for a bankruptcy reorganization this year, saying …

Japan Post Holdings’ Insurance Unit to Sell Shares Worth $3.7B in Global Offering

Japan Post Holdings Co.’s insurance unit is conducting a secondary sale of shares held by its parent worth 409 billion yen ($3.7 billion) in a global offering. In its first sale since its listing in November 2015, Japan Post Insurance …

Fallout Grows from Swedbank’s Money Laundering Scandal as Chairman Quits

A week after Swedbank AB fired its chief executive officer, the lender is parting ways with its chairman as a multibillion dollar money-laundering scandal forces top-level changes. Lars Idermark has decided to leave Sweden’s oldest bank and biggest mortgage lender …

UK Financial Services Firms Fail to Improve Gender Pay Gap

Women working in the U.K.’s financial-services industry are seeing little improvement in their pay parity with male colleagues, according to the latest batch of disclosures as this year’s reporting season comes to a close. Businesses have until midnight in London …

Google Will Require Contractors to Offer Benefits, Minimum Wage

Google says it will require staffing companies it works with to pay workers at least $15 an hour and give them health benefits. The company has faced pushback from employees and contract workers for paying contractors less than full-time employees. …

Here’s the ‘Unlucky 13’ Forecast for the 2019 Hurricane Season

There’s a lot of reasons people think 13 is an unlucky number. This year may add another. At least 13 storm systems should reach tropical strength and get a name in 2019, with five becoming hurricanes and two spawning winds …

Trump Deregulation Plan Facing Court Challenge by 3 States

California, Oregon and Minnesota sued President Donald Trump and several top cabinet officials over the administration’s requirement that federal agencies delete two regulations for every one they add. Lodged by three Democratic state attorneys general, the lawsuit asserts that Trump’s …

Oklahoma Alters Suit Against Opioid Drugmakers Before Trial

The state of Oklahoma narrowed its case against drug makers including Johnson & Johnson, Teva Pharmaceutical Industries Ltd. and Allergan Plc, dropping fraud and other allegations while pressing ahead with a public-nuisance claim. The decision, revealed in a two-page court …