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Some U.S. Businesses Wary of Sanctions on Russia, Urge Safe Harbors, Exemptions

U.S. President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin invades Ukraine, but some big companies and business groups are pushing the White House and lawmakers to be cautious. A trade group representing Chevron, …

Arizona Judge Rules Google Should Face Jury in State’s Location Privacy Lawsuit

Allegations that Alphabet Inc.’s Google deceived users with unclear smartphone location tracking settings should be weighed by a jury, an Arizona judge ruled on Tuesday, refusing to toss out a lawsuit brought by the state’s attorney general. Google had sought …

China Strengthens Anti-Money Laundering Rules for Financial Services Firms

China on Wednesday published revised rules designed to strengthen financial firms’ ability to combat money laundering. The revised rules, which regulates how financial institutions conduct due diligence on clients, and store their identity and trading data, will also bring China …

AllianzGI Creates Unit Focused on Investing in Companies With Measurable ESG Impact

Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on “impact” investing in private markets, as part of a sustainable investing drive. AllianzGI, which manages around 647 billion …

Generali Loses Third Board Director in Less Than 2 Weeks

Italy’s biggest insurer Generali said on Tuesday Sabrina Pucci had resigned from its board for personal reasons, the third director to step down in less than two weeks. Generali’s second-largest shareholder Francesco Gaetano Caltagirone quit the board on Jan. 13, …

Louisiana Court Disbars Attorney Who Allegedly Mishandled Client’s Claim Case

The Louisiana Supreme Court has disbarred a Lafayette attorney accused of failing to properly handle a client’s case, then lying to investigators about it. Brad Thomas Andrus was formally disbarred, ordered to pay investigation costs and must participate in a …

Mother of Kansas City Woman Killed in Firetruck Crash Sues

The mother of a woman who died when she was hit by a firetruck in Kansas City last month has filed a wrongful death lawsuit against the city, the fire department and the fire truck’s driver. Judy Holland, the mother …

Owners of High-End London Restaurants Sue AXA Over Failure to Pay COVID Claims

The owners of high-end London restaurants The Wolseley and The Delaunay sued AXA Insurance UK Plc for as much as 4 million pounds ($5.4 million) over its failure to pay out on claims linked to the coronavirus lockdowns. Lawyers for …

People: Smyth Moves to Summit; McDonald New Captive Head at South Carolina

Smyth named CFO at Summit Summit Consulting, a workers’ compensation insurance manager, announced Patrick Smyth has been named chief financial officer. Smyth has served as a financial executive with Liberty Mutual and as a managing director with PricewaterhouseCoopers. He succeeds …

Weston Companies Merge to Form Cat-Focused P&C Insurer

Weston companies are one. Company officials recently announced that Florida-based Weston Insurance Co. and Weston Specialty Insurance Co. have merged to form Weston Property & Casualty Insurance Co. The new firm has been assigned an “A” rating for financial stability …

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