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California could increase auto insurance rates for women by fighting gender...
Strangely, the California Insurance Commissioner could increase auto insurance rates for women to fight gender discrimination.
To explain, new regulations in California prohibit the use...
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Bowtie raises $30m after securing Hong Kong’s first online-only insurer license
Hong Kong-based digital insurance start-up Bowtie has raised $30 million in its Series A funding round, led by Canadian insurance company Sun Life Financial.
This...
Deutsche Bank settles €4m ‘Cum-Ex’ fraud investigation
Deutsche Bank settled a €4 million fraud investigation with German public prosecutors for its role in helping clients carry out dubious tax deals, Bloomberg...
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French reinsurer SCOR sues Covea over ditched takeover bid
Paris-based reinsurer SCOR is taking legal actions against French peer Covea, after the latter issued a press release stating it is pulling away from...
EU seeks tougher scrutiny over Huawei 5G cyber security risks
The European Union (EU) is worried about potential cyber security risks from Chinese technology companies. Several members are concerned with China’s behaviour in the...
Deutsche Bank settles €4m ‘Cum-Ex’ fraud investigation
Deutsche Bank settled a €4 million fraud investigation with German public prosecutors for its role in helping clients carry out dubious tax deals, Bloomberg...
Businesses face tougher new biometric privacy laws
Biometric privacy and tougher biometric privacy laws are a serious risk to American businesses. Unfortunately, biometric privacy risks are obscure and poorly understood.
Biometrics refers...
American health insurers scared of single-payer health insurance
American insurers are afraid Democrats will impose government run single-payer health insurance. In fact, single-payer is the basis of a potential conflict between the...
California could increase auto insurance rates for women by fighting gender...
Strangely, the California Insurance Commissioner could increase auto insurance rates for women to fight gender discrimination.
To explain, new regulations in California prohibit the use...
Five risks from Brazil’s newly-elected president Jair Bolsonaro
Brazil’s newly elected President Jair Bolsonaro is proposing radical policies that could destabilize his nation and South America.
Observers fear instability because the far-right Bolsonaro...
Venezuela defying the odds with new cryptocurrency, El Petro
Nicolas Maduro has advised government workers to invest in the newly created cryptocurrency, El Petro. The Venezuela president made the call (in Spanish) on...
Rising US Dollar puts Latin American economies at risk
The rising US dollar is increasing the risk of a serious global economic crisis. The dollar’s rise has triggered economic chaos in Latin America...
Lloyd’s opens new Morocco office in Casablanca Financial City
Lloyd’s of London, the world’s oldest insurance market, is expanding its African footprint with a new office in Casablanca, Morocco.
After several months of negotiations,...
Fairfax acquires Zurich’s South Africa and Botswana insurance operations
Fairfax Financial Holdings recently announced that it has entered into an agreement with Zurich Insurance Company to acquire 100% of its South African and...
Silicosis class action lawsuit – Claimants win first round
In the first round of a class action lawsuit, which has garnered a lot of international publicity, silicosis claimants had their class action lawsuit...
Dubai-based Yallacompare raises $8m for MENA expansion
Dubai-based financial comparison platform Yallacompare has raised $8 million in its latest round of funding, led by venture capital firm Wamda Capital and STC...
Iran considering Insurance-Linked Securities market for reinsurance
Iran is considering the development of new financial products, including insurance-linked securities and Islamic bonds, to alleviate the US sanctions on its economy. The...
Turkey’s debt rating hit on concerns over hard landing risks
Turkey’s recent debt rating cuts are stoking fears of the potential for a hard landing due to a depreciating lira, a private credit boom,...
Bowtie raises $30m after securing Hong Kong’s first online-only insurer license
Hong Kong-based digital insurance start-up Bowtie has raised $30 million in its Series A funding round, led by Canadian insurance company Sun Life Financial.
This...
Greed-driven misconduct exposes Australia’s banking sector
Australia’s banking sector shocked the world with blatant misconduct which highlighted selfish means for short-term financial gain.
The intervention by the Royal Commission has brought...
Most valuable global insurance brand 2018 is …
China leads and dominates the global insurance ranking in a recently published Kantar Millward Brown’s 2018 Brandz report. The Brandz™ report tracks the value...
