A Maine roofing and siding contractor willfully exposed its employees to fall hazards at a Hampden, Maine residential construction site on multiple occasions during the same inspection, according to the federal Occupational Safety and Health Administration. OSHA has proposed a …
Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States — changes that have been more than 20 years in the making. Effective Oct. 1, 2022, reinsurers, which …
Much attention was paid to ESG (environmental, social, and governance) issues and the Russian invasion of Ukraine as Marsh McLennan reported the highest first-quarter underlying growth in more than 20 years. First quarter net income attributable to the company was …
An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across its businesses, after hearing the last of the six cases filed against it by the country’s corporate watchdog. The Federal …
Norges Bank Investment Management, one of the main institutional investors in Generali GASI.MI, backs the reappointment of CEO Philippe Donnet, a proxy voting record on the website of the company running Norway’s sovereign wealth fund showed. Shareholders in Italy’s biggest …
New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion), having had to cut its valuation estimates after feedback from investors, a government source said. The drastic lowering of ambitions …
Auto insurance carriers and independent agents in New York have launched a campaign to eliminate what they say is an outdated requirement for the state’s auto insurance buyers. The group wants lawmakers to let auto insurance companies waive the vehicle …
A housing market downturn in Canada is among the biggest risks facing the financial system this year, the country’s financial regulator said on Thursday, adding it plans to review the existing home loan stress test and expand its application to …
The UK seized 2 million pounds ($2.61 million) from a London-based fintech firm, saying that the funds were linked to a $150 million U.S. wire fraud conspiracy. QPay Europe Ltd., which offers due diligence and underwriting services, agreed to forfeit …
While Deshaun Watson’s NFL career has resumed with the Cleveland Browns after grand juries declined to indict him on any criminal charges over sexual misconduct allegations, his legal problems remain far from over. Lawsuits filed in Houston by 22 women …
