The governor of the Bank of England has told lawmakers that the UK government’s plans to reform insurance capital rules increases the annual risk of a failure in the life insurance sector by around 20%. The likelihood of a failure …
A long road lies ahead to repair confidence in crypto after unprecedented bankruptcies and hacks, including the major challenge of giving investors a way of insuring against such events. Stock brokerage accounts often come with some cover against outcomes like …
Massive and massively expensive, it’s been touted as the “crown jewel” of Everglades restoration, the key to unlocking every other project that will come after it. The $4 billion Everglades Agricultural Area reservoir – about half the size of the …
Global supply chains have “returned to normal,” the Federal Reserve Bank of New York said on Monday, with pressures dropping to the lowest since before the COVID-19 pandemic threw a wrench into procurement networks worldwide and created shortages for everything …
The Biden administration is set to release an aggressive new national cybersecurity strategy on Thursday that seeks to shift the blame from companies that get hacked to software manufacturers and device makers, putting it on a potential collision course with …
The U.S. Department of Labor said it has recovered about $330,000 in back wages from a North Carolina contractor that misclassified workers as independent contractors. “Employers who misclassify employees as independent contractors deny them overtime wages and may deny them …
The former manager of a Massachusetts Registry of Motor Vehicles branch has agreed to plead guilty to federal extortion charges for allegedly taking bribes and in exchange for issuing passing scores on learner’s permit tests, federal prosecutors said. Mia Cox-Johnson, …
The owner of a chain of clinics treating substance abuse disorders in Massachusetts and Rhode Island, and one of the company’s employees, were charged last week with cheating health insurers out of millions of dollars while depriving patients of needed …
Citizens Property Insurance Corp. will face a new trial on a roof claim because its win in the first trial was compromised by reliance on hearsay evidence. A three-judge appeals panel has ordered a retrial because in the previous proceeding …
A 36-year-old man has been charged with blowing up two Pacific Gas & Electric transformers, causing blasts that knocked out power to thousands of utility customers in the San Francisco Bay Area. Peter Karasev’s was arrested last week after investigators …
