Insurance
ACLU Backs NRA in Case Against New York Financial Regulator Before Supreme Court
In a case of politics making strange bedfellows, the National Rifle Association will be represented by frequent nemesis the American Civil Liberties Union in an appeal before the U.S. Supreme Court. The New York-based civil liberties group confirmed Saturday that …
Read More Korea Sees Risks to Financial Services Firms From Overseas Property Bets
Some South Korean financial institutions may be at risk if bets on overseas property sour, the regulator warned, emphasizing that the likelihood of systemic stress is low. “For companies with large overseas real estate exposures, prudential concerns may emerge individually,” …
Read More European Union Agrees Landmark Deal Governing Use of Artificial Intelligence
Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments’ use of AI in biometric surveillance and how to regulate AI systems such as ChatGPT. With the political agreement, the …
Read More GIC Reaches Agreement to Buy Cinven’s Shares in UK Broker Miller
Miller, the London-based independent specialist re/insurance broker, announced that GIC, a global institutional investor, and Cinven, the international private equity firm, have reached an agreement for GIC to acquire Cinven’s shares in Miller. GIC and Cinven acquired Miller in 2021. …
Read More Tropical Cyclone Jasper Barrels Towards Australian Tourism Hotspot
Australia’s far north coast is bracing for a cyclone that’s expected to bring damaging winds, heavy rainfall and potential flooding to an important tourism region. Tropical Cyclone Jasper, currently a category 1 storm, is forecast to intensify as it approaches …
Read More Crypto Exchange HTX Hit by $258M Outflow After Major Hack
The HTX exchange, a digital-asset trading platform linked to China-born industry mogul Justin Sun, has suffered a $258 million net outflow since resuming operations after suffering a major hack. The funds left the exchange between its Nov. 25 restart and …
Read More Starbucks Says It Wants Union Talks, Agreements in 2024
Starbucks Corp. said it reached out to the union representing hundreds of its stores to try to end an impasse over contract talks, a conflict that has frayed the coffee giant’s relationship with some of its frontline employees. The chain …
Read More Amazon Asks Judge to Dismiss FTC Lawsuit, Says No Consumer Harm Shown
Amazon.com asked a federal court on Friday to dismiss a U.S. government antitrust lawsuit which accuses the company of using illegal strategies to boost profits at its online retail empire, including an algorithm that allegedly pushed up prices by more …
Read More NRA to Have Surprising Defender in Supreme Court Free Speech Case: the ACLU
In a case of politics making strange bedfellows, the National Rifle Association will be represented by frequent nemesis the American Civil Liberties Union in an appeal before the U.S. Supreme Court. The New York-based civil liberties group confirmed Saturday that …
Read More In Florida, One Coast is Soaked. The Other is Parched.
ST. PETERSBURG, Fla. (AP) — In Florida, this year has been a tale of two states as far as rainfall totals, with the southeast coast deluged by sometimes-record rainfall and much of the Gulf of Mexico coast facing a drought. …
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