Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in …
Connecticut-based marine insurance program manager Maritime Program Group has hired Michael Demarco as senior underwriter in its Private Client Services division. MPG’s Private Client Services division specializes in high-net worth and hard-to-place personal lines placements due to location or loss …
Hedge fund manager David Einhorn said a shift in favor of value stocks may soon be coming even after his firm posted its worst underperformance in almost two decades. “While we’ve never underperformed like this, our prior worst underperformance compared …
A fast-moving fire has gutted an ambulance squad’s building in New Jersey, destroying five ambulances and causing at least $2 million in damage. The fire at the American Legion Ambulance Association in Woodstown, N.J., broke out early Monday and was …
Amtrak could prevent New Jersey Transit trains from entering New York if NJ Transit doesn’t finish installing positive train control. Amtrak President and CEO Richard Anderson told a House subcommittee that Amtrak is worried passengers are being put at risk …
Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance Redeker Group LTD., a specialty brokerage serving architects and engineers. Terms of the deal were not disclosed. Formed in 1991 …
French insurer AXA posted higher-than-expected 2017 net profits and stronger earnings in the United States, ahead of the planned flotation of its American life insurance and asset management businesses in the second quarter this year. AXA, which ranks as Europe’s …
The U.S. Supreme Court on Wednesday refused to broaden protections for corporate insiders who call out misconduct, ruling they must take claims of wrongdoing to the Securities and Exchange Commission in order to be shielded against retaliation. The justices ruled …
The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including potential weaknesses that have not yet been targeted by hackers. The guidance also said …
Down the palm tree-lined roads of northeast Florida’s Flagler County, a half-dozen dump trucks are shuttling back and forth along the Atlantic coast pouring thousands of tons of sand onto the local beach. Replacing sand swept away by waves and …
