The Financial Industry Regulatory Authority has censured and fined SoFi Securities $1.1 million for failing to establish and maintain a reasonable Customer Identification Program for SoFi Money, its cash management brokerage account, which resulted in $2.5...
2. Build your board with people you admire. Davis recalled Munger’s thoughts on choosing directors, saying, “Those people are the face of your clients — and keeping people in front of you that you...
In this report, we review global InsurTech funding and investment quarter over quarter. The 2024 series of reports will examine the role of Artificial Intelligence in our industry, breaking down the function and processes...
Article 0 Comments For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when extreme weather hits, even as lights in other parts of the...
Article 0 Comments Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an...
Article 0 Comments Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city. The claim...
At the same time, the suit continues, “the DOL amended several related ‘prohibited transaction exemptions’ … including an amendment to PTE 84-24, which directly relates to the compensation that insurance agents may receive if...
First-time implementation of new inflation-protection policy Toronto, ON (May 2, 2024) – The Board of Directors of the Property and Casualty Insurance Compensation Corporation (PACICC) approved a first-time implementation of its new inflation-adjusted limits...
Coalition 2024 Cyber Claims Report Also Reveals Increased Risks Associated with Boundary Devices like Firewalls and VPNs San Francisco, CA (May 2, 2024) — Coalition, the world’s first Active Insurance provider designed to prevent...
Article 0 Comments Data analytics firm Verisk beat estimates for first-quarter profit on Wednesday, driven by strong demand for its products used by property and casualty (P&C) insurers to assess underwriting risks. WHY IT’S...
