The financial services industry is spending about $1.7 billion per year on blockchain, as banks and other firms move beyond the proof-of-concept stage and start rolling out commercial distributed ledger technology (DLT) products. That’s a conclusion of a new report …
Even after the Trump administration chose not to defend Obamacare’s protections for people with pre-existing medical conditions in court, Republican leaders are hoping the lawsuit doesn’t undo one of the most popular parts of the law. Just five months before …
Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the newly growing area of non-physical threats? Panelists at the 2018 PLUS Cyber Symposium, held in May in Chicago, …
A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as deal-hungry Chief Executive Officer Oliver Baete …
Bird Rides Inc. and other scooter startups have drawn fire from pedestrian advocates, politicians and annoyed citizens. Now they have a new nemesis: personal-injury lawyers. In recent months, people hurt riding (or hit by) scooters in San Francisco and Los …
The North American Environmental Unit of XL Catlin has updated its professional and pollution insurance coverages for contractors and environmental consultants. New additions to XL Catlin’s Professional and Pollution insurance for contractors and environmental consultants include: Green building materials expense …
Top corporate lawyers can take home millions of dollars a year, but until recently it was all but impossible for investors to share in the spoils — only a handful of U.K. and Australian law firms have gone public and …
Federal law enforcement officials announced a significant coordinated effort to disrupt Business Email Compromise (BEC) schemes used to intercept and hijack wire transfers from businesses and individuals, including senior citizens. The effort has culminated in 74 arrests, including 42 in …
A new study finds that tropical cyclones around the world are moving slightly slower over land and water, dumping more rain as they stall, just as Hurricane Harvey did last year. This isn’t about how powerful a storm’s winds are, …
Many insurers and reinsurers are facing some earnings volatility in 2018 due to a change in accounting requirements for equity securities, Fitch Ratings said in new market commentary. According to Fitch, companies with significant equity investments are particularly affected in …
