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Maine Lawmakers Advance Bill Regulating Corporate Use of Biometric Data

Maine is looking to enact tougher regulations about corporate collection of biometric data. The proposal before the Maine Legislature would require companies to get consent before they collect biometric information such as facial features, voices and fingerprints. It would also …

Inside Allianz’s $4B Structured Alpha Fund Blowup: Red Flags and Fat Fees

It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go practically nowhere. But inside Allianz SE, where a handful of hedge fund managers claimed they could do just that, few …

Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia

Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and JPMorgan Chase which have exited …

Missouri Man Awarded $20 Million in Ford Asbestos Suit

A south St. Louis County man who sued Ford Motor Co. over his exposure to asbestos has been awarded $20 million. In his lawsuit, William Trokey, 76, alleged that his exposure to asbestos while working on Ford brakes as a …

Wisconsin Roofing Contractor Cited by OSHA For 2nd Time in 6 Months

Despite the serious consequences of its actions, an Appleton, Wisconsin-based contractor was again cited for exposing workers to deadly fall hazards after a U.S. Department of Labor Occupational Safety and Health Administration inspector observed six roofers atop a two-story Algoma …

After Insurance, Condo Bills Fail, Florida Lawmakers Talking Special Session

The death knell sounded for the 2022 Florida Legislative session Friday with no major property insurance reform bills passed. But the ghosts of rising premiums and failing insurers will continue to haunt the state, and some lawmakers already are looking …

In Rift with Kemp, Trump Picks Own Man for Georgia Insurance Post

Former President Donald Trump’s reported grudge against Georgia’s Republican governor has reached downballot, with Trump endorsing a candidate for insurance commissioner who only entered the race last week. The Atlanta Journal-Constitution newspaper reported that Trump has favored Patrick Witt, who …

Arthur J. Gallagher & Co. Acquires Hawley & Associates in Washington

Arthur J. Gallagher & Co. acquired Bellevue, Washington-based Hawley & Associates LLC. Hawley & Associates was founded to provide specialized insurance services for adoption, foster care and child welfare agencies and over the years its offerings have expanded into all …

Congress Approves Cyber Attack Reporting Requirement for U.S. Companies

Companies critical to U.S. national interests will now have to report when they’re hacked or they pay ransomware, according to new rules approved by Congress. The rules are part of a broader effort by the Biden administration and Congress to …

ALKEME Acquires JB Wright Insurance Services in California

ALKEME acquired JB Wright Insurance Services in Chino, California. JB Wright operates in all 50 states, and it specializes in personal and commercial lines. Ladera Ranch, California based ALKEME is backed by GCP Capital Partners, and provides services including property/casualty, …

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