As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating …
Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by Goldman Sachs Asset Management showed on Wednesday. Private equity was the most-favored asset class for insurers seeking to increase investment …
Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a promising company with which to merge, are a “license to rip investors off.” On an investing podcast in February, the …
Internal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as possible. The IRS considers that many micro-captive arrangements are not really about insurance. The IRS has stepped up examinations of …
Some LinkedIn data, including publicly viewable member profile, has been extracted and posted for sale, Microsoft Corp.’s professional networking site said based on an investigation. The incident was not a data breach and no private member account data from the …
Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …
The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors. In a Thursday statement, a top SEC official made clear that despite their …
The U.S. Supreme Court on Monday sidestepped a chance to further expand religious rights, turning away two cases in which employees accused companies of violating federal anti-discrimination law by insufficiently accommodating requests for time off to meet religious obligations. The …
The U.S. Supreme Court handed Alphabet Inc.’s Google a major victory on Monday, ruling that its use of Oracle Corp.’s software code to build the Android operating system that runs most of the world’s smartphones did not violate federal copyright …
Insurance carrier mergers and acquisitions could reach historic levels in 2021 based on early indications from a robust first quarter, according to a new Standard & Poor’s report. U.S. and/or Bermuda based acquirers or acquisition targets achieved an aggregate deal …