Cybermedicine
“In many ways cybersecurity is similar to 19th century medicine – a growing field dealing with real threats with lots of self-taught practitioners only some of whom know what they are doing.”
—Center for Strategic & International Studies
Already Illegal
“It’s already illegal not to pay people minimum wage; it’s already illegal not to pay workers’ compensation. If agencies don’t provide all of these things, to me there are existent statutes to resolve the issue.”
—Robert Siemering, president of the Massachusetts Staffing Association, arguing that Massachusetts does not need new laws to protect workers in the staffing industry.
Attorney Immunity
“Immunizing lawyers from claims based on fraudulent behavior serves no legitimate public policy.”
—Judge Thomas Bishop in his dissenting opinion in a ruling by a state appeals court in Connecticut that ex-NFL player and investment firm founder Bob Simms can’t sue his ex-wife’s lawyers for fraud during a long-running divorce and alimony case, saying they’re protected by a centuries-old doctrine called absolute immunity.
Worse to Come
“While there were some positive developments that bode well, there have also been some negative developments that suggest insurers’ results will get worse.”
—Michael R. Murray, ISO’s assistant vice president for financial analysis, commenting on Q1 underwriting losses for p/c insurers and suggesting more losses are likely in Q2.
Flyonthewall
“A firm’s ability to make news – by issuing a recommendation that is likely to affect the market price of a security – does not give rise to a right for it to control who breaks that news and how.”
—Judge Robert Sack writing for a federal appeals court that found that a financial news service did not misappropriate Wall Street banks’ analyst research for its website. Theflyonthewall.com Inc. could not be held responsible for the alleged republication of “hot news” and headlines, said the ruling, in a defeat for Bank of America Corp.’s Merrill Lynch unit, Barclays Plc and Morgan Stanley.
Was this article valuable?
Here are more articles you may enjoy.
State Farm Seeking Large Rate Increases in Wildfire-Prone California 
US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair 
Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P 
US Roof Maintenance Lags: Hanover From This Issue
