The Republican-led U.S. House of Representatives on Friday voted to repeal a federal labor board rule set to take effect in February that would treat companies as the employers of many contract and franchise workers and require them to bargain with those workers’ unions.
Author: Annie George
Morgan Stanley to Pay $249M to Settle U.S. Trading Fraud Charges
Morgan Stanley will pay $249 million to settle civil and criminal charges connected to stock trades where it disclosed key information that it promised to keep confidential, US authorities announced Friday.
Quaker Oats Expands Product Recall for Salmonella Contamination Risk
Quaker Oats, the famous oatmeal maker owned by PepsiCo, has expanded a recall for certain granola bars and cereal products issued in December over a possible salmonella contamination risk.
‘Remarkable’ Surge in Auto Insurance Costs Fans U.S. Inflation
Motor vehicle insurance premiums skyrocketed by 20.3% in December from a year earlier, the largest increase since the mid-1970s, the government data showed.
New Federal Bill Could Help Tackle the California Insurance Crisis
California homeowners could benefit from a new federal bill that would create a public reinsurance program for natural disasters like wildfires, which could help stabilize the insurance market after major private insurers stopped writing new policies in the state.
Looking Ahead: Declining Cyber Premiums, the Return of Ransomware, and New SEC Regulations
Woodruff Sawyer’s “2024 Cyber Looking Ahead Guide” covers the decline in pricing, cyber warfare, new SEC regulations, the emergence of personal liability for CISOs and AI’s impact on cyber risk.
Florida Report Shows Miami Area Accounted for Half of All Litigated Claims in 2022
A first-ever report on lawsuits and property insurance claims in Florida shows the three counties around Miami account for nearly half of all the litigated claims in the state in 2022.
Gridiron Insurance Underwriters and Signature Risk Partners Inc. Launch Signature Specialty, LP
Gridiron Insurance Underwriters and Signature Risk Partners Inc. are pleased to announce the formation and launch of a new specialized Managing General Underwriter (MGU) called Signature Specialty, LP.
NAIC, Life Trade Groups, Continue to Push Back on Fiduciary Proposal
The National Association of Insurance Commissioners and insurance trade groups continued to push back against the Biden Administration’s proposed fiduciary rule, saying it would reduce consumers’ access to vital retirement investment advice.
WEF: AI Misinformation, Severe Weather Events Top Global Risk Concerns
Misinformation spread by artificial intelligence and extreme weather events ranked highest among global risk concerns, with business leaders expressing a “predominantly negative outlook” for the future, according to the World Economic Forum’s (WEF) 2024 Global Risk Report.