Financial technology and innovation
AliExpress has been fined €550 million by the European Union for failing to manage illegal product sales on its platform effectively.
The Hong Kong government plans to take over the rights to a $255 million fire insurance claim related to the Wang Fuk Court tragedy.
A federal judge approved Meta's layoffs scheduled for July, rejecting claims that AI tools unfairly targeted disabled employees for job cuts.
An Alabama court ruling underscores that employers don't need to fund medical second opinions before confirming a worker's compensation claim.
A D.C. appeals court rules that a widow must contest the denial of enhanced line-of-duty benefits in trial court following her husband's death.
David Gansberg will become CEO of Vantage Group Holdings by June 2027, succeeding Greg Hendrick, who will remain until then.
Liberty Mutual and Qwest have settled a legal dispute regarding liability for the devastating 2021 Colorado wildfire, wrapping up their claims in court.
SiriusPoint appoints Emily Yoo as COO, signaling a focus on operational efficiency and technology amidst a competitive insurance market.
Travelers’ Q2 net income soared 46% to $2.21 billion, fueled by lower catastrophe losses and strong commercial insurance underwriting.
Galway Specialty Wholesale announces significant leadership changes aimed at enhancing its growth strategy and operational effectiveness.
Dual Group has launched a global transactional risk facility aiming for $672 million in premiums by 2030, catering to rising cross-border deal complexities.
Munich Re Specialty has unveiled a comprehensive insurance offering tailored for miner rescue operations, addressing significant gaps in traditional coverage.
Aon's new API links Broker Copilot with Swiss Re Corporate Solutions, aiming to enhance speed and efficiency in commercial insurance underwriting.
A Texas court upheld the dismissal of a nursing assistant's retaliation lawsuit after she failed to rectify an electronic filing error on time.
Three former crew members filed a lawsuit against the operator of a Thai cargo ship following a dangerous security incident in the Strait of Hormuz.
Gallagher Re reveals catastrophe loss-free rates declined by 10% to 20% during mid-year renewals, influencing market preferences toward catastrophe bonds.
The Tennessee Workers’ Compensation Appeals Board has confirmed benefits for a worker injured on the job, citing insufficient evidence of willful misconduct.
Employers in California are gearing up for crucial negotiations in 2024 to address permanent disability benefits and anticipated reforms in workers' compensation.
Zurich Insurance has gained European Commission approval for its $10.8 billion acquisition of Beazley, marking a significant move in the market.
Intact Financial Corp's Q2 catastrophe losses soared to $416 million, reflecting a 150% increase over initial projections of $169 million.