- Supreme Court ruling on timing of litigation could open employers to lawsuits
“Bright line” ruling extends time under which an employee can workers file a discrimination complaint under Title VII of the Civil Rights Act of 1964
- High court's Spokeo ruling a partial victory for businesses
U.S. Supreme Court finds lack of concrete injury in suit alleging “people search engine” contained inaccurate information.
- Anonymous U.K. cyber database faces misgivings
Even if the incidents were kept under wraps, insurers are skeptical of this approach to pricing risk.
- Low investment income leads to decline in insurer profits
Property/casualty insurers see net income fall 24% in first quarter from a year earlier.
- Reinsurance uptake greater in catastrophe-prone regions
Insurers in regions that are susceptible to large natural catastrophes buy more reinsurance than those where catastrophes are less likely, says the Federal Reserve Bank of Chicago.
- U.S. forecaster predicts near-normal hurricane season
National Oceanic and Atmospheric Administration sees a 70% likelihood of 10 to 16 named storms with winds of 39 mph or stronger.
- Cyber firms say Bangladesh hackers have attacked other Asian banks
(Reuters) — Hackers who stole $81 million from Bangladesh’s central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cyber security company Symantec Corp. said in a blog post.
- Brown & Brown appoints regional retail presidents
John Esposito, Michael Keeby and Dan McGowan join the executive team.
- French insurer sells last U.K. life and savings business
(Reuters) — French insurer Axa S.A. is selling its U.K. investment and pensions business to Phoenix Group Holdings, completing a well-flagged exit from a mature life assurance market to focus on faster-growing emerging economies.