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21 09, 2021

Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers

By | September 21st, 2021|Uncategorized|Comments Off on Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers

A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest by dollar amount other than Bernard Madoff’s fraud, the receiver’s lawyers said on Monday. The threshold was crossed when Ralph …

21 09, 2021

Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors

By | September 21st, 2021|Uncategorized|Comments Off on Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors

Insurtech startup bolttech announced the extension of its recently announced US$180 million Series A funding round led by Activant Capital Group, bringing the series total to US$210 million. The funding round adds two new strategic investors: Singapore-based global investor EDBI …

21 09, 2021

Russia-Linked Ransomware Group Hits Iowa Grain Cooperative, Violating Biden Warning

By | September 21st, 2021|Uncategorized|Comments Off on Russia-Linked Ransomware Group Hits Iowa Grain Cooperative, Violating Biden Warning

After a furious run of ransomware attacks in the first half of the year, President Joe Biden in July warned his Russian counterpart, Vladimir Putin, that Russia-based hacking groups should steer clear of 16 critical sectors of the U.S. economy. …

21 09, 2021

SEC Must Increase Cryptocurrency Oversight, Investor Advocates Say

By | September 21st, 2021|Uncategorized|Comments Off on SEC Must Increase Cryptocurrency Oversight, Investor Advocates Say

Many cryptocurrency projects are flouting investor-protection rules and deserve more scrutiny, a group of investor advocates told Securities and Exchange Commission Chair Gary Gensler in a Monday letter. The letter, signed by the Americans for Financial Reform Education Fund, the …

21 09, 2021

MS Amlin AG Appoints Swiss Re’s Wiest as CEO, Stepping Into Role Vacated by Beazley

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Global reinsurer MS Amlin AG announced the appointment of Robert Wiest as chief executive officer. Wiest will take up the role on Jan. 3, 2022 and will be based in Zurich, Switzerland. He replaces Christopher Beazley who stepped down in …

21 09, 2021

Union Sues to Overturn Trump-Era Rule that Narrowed Definition of ‘Joint Employer’

By | September 21st, 2021|Uncategorized|Comments Off on Union Sues to Overturn Trump-Era Rule that Narrowed Definition of ‘Joint Employer’

The union behind the “Fight for $15” movement is suing to overturn a Trump-era rule that makes it harder to hold companies like McDonald’s Corp. and Amazon.com Inc. accountable for violations of franchised or sub-contracted workers’ rights. In a lawsuit …

21 09, 2021

Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response

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Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of post-catastrophe property damage, based on the use of ultra-high-resolution imagery. This proof of concept …

21 09, 2021

National Transportation Safety Board Probes Deadly Tesla Crash in Florida

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The National Transportation Safety Board has opened an investigation into a crash of a Tesla Inc. vehicle, the second probe by the agency of a fatal accident involving the electric carmaker’s models in less than six months. Two people were …

21 09, 2021

Southern Baptist Sex Abuse Task Force Advances in Investigation

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The Rev. Marshall Blalock feels the weight of his new responsibility. The South Carolina pastor serves as vice chair of a recently formed Southern Baptist Convention task force charged with overseeing an investigation into how a top denominational committee handled …

17 09, 2021

Sequoia National Park’s Giant Trees at Risk as Fires Grow

By | September 17th, 2021|Uncategorized|Comments Off on Sequoia National Park’s Giant Trees at Risk as Fires Grow

SEQUOIA NATIONAL PARK, Calif. (AP) — More firefighting resources were being brought in Thursday to battle two forest fires that have shut down California’s Sequoia National Park and threaten its ancient trees. A national interagency management team “equipped to handle …