PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong’s Accounting and Financial Reporting Council also imposed a six-month suspension …
Volkswagen AG, Stellantis NV and Mercedes-Benz Group AG models may soon feature touchscreens able to test blood alcohol levels for drivers. Two German suppliers have come up with in-built sensors to test a driver’s blood alcohol level from a fingertip, …
JetBlue has been sued in a proposed class action claiming it uses customers’ personal data to set ticket prices, after its response to a social media post raised concern that the carrier employed “surveillance pricing” to make flying more expensive. …
Iran flaunted its tightened grip over the Strait of Hormuz on Thursday with video of its commandos storming a huge cargo ship, after the collapse of peace talks that Washington had hoped would open the world’s most important shipping corridor. …
Amwins and Vivere have partnered to launch a California FAIR Plan Wrap product. Developed by Vivere and distributed through Amwins, the product offers comprehensive coverage and fast quotes to the entire portfolios of California FAIR plan insureds, including commercial and …
Jaguar Land Rover is recalling 170,169 vehicles in the U.S. due to loss of drive power, the U.S. National Highway Traffic Safety Administration said on Thursday. The recall affects multiple models including Range Rover, Discovery, Range Rover Sport, Defender, etc., …
The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a former state legislator. Addressing the state’s “insurance crisis,” which took …
Pharmacy costs in workers’ compensation continue to climb sharply, despite years of formulary adoption, generic mandates and managed care. The problem lies in a structural gap that makes workers’ comp uniquely vulnerable to pricing abuse. Understanding that gap starts with …
Rimkus made two leadership appointments to support its Built Environment Solutions business across Canada. Walter Gaudet was named vice president of BES Canada, and Michael Hensen was named vice president of technical excellence for BES across North America. Gaudet will …
Lawley Hires Fisher, Employee Benefits Consultant, and Street, Insurance Advisor Lawley, headquartered in Buffalo, New York, Hired Ryan Lynn Fisher as an employee benefits consultant in Buffalo and Carrie Street as a property and casualty insurance advisor in Rochester. Bringing …