Proposed ownership limits at Chinese insurance companies could effectively stop conglomerates such as China Evergrande Group and Baoneng Group from using their insurance units to help fund acquisitions and riskier investments. The draft China Insurance Regulatory Commission’s (CIRC) proposals, unveiled …
An Uber driver is an employee for which the company must pay social security contributions, a Swiss insurance agency has ruled, dealing a blow to the U.S. ride-hailing platform that says drivers are independent contractors. The California-based startup whose cab …
A 28-year-old man has been arrested in connection with 14 home burglaries in south Alabama. Al.com reports that Mobile police say William Rotter was taken into custody Dec. 22 and charged with 14 counts of third-degree burglary. Early that morning, …
West Virginia officials have reached a $3.5 million settlement with a wholesaler accused of flooding the state with millions of prescription pain pills. Attorney General Patrick Morrisey announced the settlement Tuesday with H.D. Smith Wholesale Drug Co. The settlement resolved …
Employers will need to accept tradeoffs to foster “digital trust” with employees if they want to gather the workplace data necessary to realize the full benefits of the Internet of Things (IoT) and the sharing economy. That’s according to a …
Active Atlantic hurricane periods, like the one now, are not necessarily a harbinger of more, rapidly intensifying hurricanes along the U.S. coast, according to new research performed at the University of Wisconsin-Madison. In fact, the research — published Jan. 4, …
Fire officials say a woman has died after a violent storm struck southwest Georgia. Albany Fire Chief Ron Rowe said Tuesday that more than 1,000 homes were damaged when a storm about a mile wide swept through the area about …
JLT Re has acquired Risk & Re-Insurance Solutions Corp (RRiSC), a reinsurance intermediary specializing in casualty treaty business based in Miami. RRiSC was established by Anthony Mirabal in 2001. RRiSC will form part of JLT Re (North America) Inc. According …
Founders of a popular artists’ collective operating in a Fresno, Calif. warehouse say they’re closing following an Oakland fire in December that killed dozens. Adam Mena, a co-founder of the space called Arthouse, tells the Fresno Bee that they’ll out …
Sedgwick LLP has named James Holmes an office managing partner in Los Angeles. Holmes is an experienced trial attorney and litigator, representing major media and entertainment entities, as well as major insurance carriers insuring those companies. He defends clients in …
