A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc. The closely …
Toyota Motor Corp., Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars. That’s behind the hefty investments that the company has made in ride-hailing providers, most prominently the $1 billion that it poured into Southeast …
Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), which helps businesses provide financial support to individuals affected by a terrorist attack on a company’s premises or owned space. As the focus of terrorist …
AXIS Specialty UK Holdings Ltd. announced it has been certified as a GCHQ Certified Training provider for its course “Understanding Cybersecurity and Insurance.” The training is offered through the AXIS Cyber Center of Excellence, a global resource that provides mentorship, …
Climate-related disclosure is becoming mainstream as more firms support and align their financial reporting to recommendations by a global task force though few disclose the financial impact on the company, a survey shows. The Task Force on Climate-Related Financial Disclosures …
Zurich Insurance is acquiring an 80 percent stake in Indonesia’s Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on Thursday. “Zurich has earmarked Asia Pacific to be …
After several years of tests, Walmart Inc. is ready to mandate use of blockchain technology by a swath of its U.S. suppliers, marking one of its biggest commercial uses. Starting in September 2019, Walmart and its Sam’s Club division will …
As the Trump Administration continues to slap tariffs onto various consumer products, property/casualty insurers are increasingly concerned how some of these actions will affect the cost of auto and home insurance. Auto parts tariffs have drawn the most industry attention. …
One person is dead following an explosion at a chemical plant in north Alabama. Arab Fire Chief Ricky Phillips tells WHNT-TV that a contract worker died in a blast that happened Tuesday at Umicore Specialty Chemicals in Arab. The explosion …
Hurricane Florence was the nation’s second rainiest storm in 70 years, a top rainfall meteorologist calculated. Only last year’s Hurricane Harvey rained more over a 14,000 square mile (36,260 square kilometers) area during a four-day time period, said Ken Kunkel, …
