A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation. Benjamin Wey, who heads up New York Global Group, was …
The article Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case appeared first on Insurance Journal.
MetLife asked a federal judge on Monday to force the U.S. government to hand over 500 pages of confidential records that relate to financial regulators’ decision to designate the insurance giant as systemically important. In a filing in U.S. District …
The article MetLife Seeks Documents from Systemic Risk Panel appeared first on Insurance Journal.
General Motors Co. directors don’t have to face investors’ allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for more than 100 people their lives. GM’s board had adequate risk-assessment systems in place even …
The article GM Directors Off the Hook; Court Nixes Investors’ Lawsuit Over Ignition Switch appeared first on Insurance Journal.
Worldwide Facilities, a wholesale broker and managing general agent based in Los Angeles, hired three new brokers for its recently opened Hartford, Connecticut, office. Worldwide Facilities hired Suzanne Averill as senior associate broker in Hartford. Averill brings 32 years of …
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Fairfax Financial Holdings, which bet on a successful turnaround in Greece in 2014, stands to take a hit from a Greek default, but one-time gains and other factors are likely to soften the blow, the Royal Bank of Canada (RBC) …
The article Fairfax’s Potential Hit from Greek Exposure to be Limited – RBC Report appeared first on Insurance Journal.
Berkshire Hathaway Specialty Insurance Co. (BHSI) said it is entering the healthcare underwriting market in Australia, and has appointed Tony Bainbridge, previously with American International Group (AIG), to lead the effort. The insurer also announced it has opened an office …
The article Berkshire Hathaway Entering Australia, New Zealand Health Care Market appeared first on Insurance Journal.
Willis Group Holdings Plc, the world’s third-largest insurance broker, and risk adviser Towers Watson & Co. agreed to an all-stock merger creating a firm with a combined market value of $18 billion. Towers Watson shareholders will receive 2.649 Willis shares …
The article Willis Group, Towers Watson Agree to $18 Billion Merger appeared first on Insurance Journal.
French police have detained two executives from Uber for questioning as a government clampdown intensifies on the U.S.-based taxi and ride-sharing service. Thibaud Simphal, manager of Uber France, and Pierre-Dimitri Gore-Coty, general manager for western Europe, were detained as part …
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Don Giordano has joined Ohio-based The McGowan Companies (TMC) as an executive vice president. Giordano will be working with McGowan’s carrier and distribution partners to create additional excess casualty products and services, which will complement TMC’s industry leading excess casualty …
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Don’t bring your selfie stick to Disney World. Officials announced Friday that a ban takes effect today at all four Disney theme parks in Orlando as well as at Disney’s water parks and Disney Quest, a gaming attraction at Downtown …
The article Disney Bans Selfie Sticks, Cites Safety Concerns appeared first on Insurance Journal.