Citigroup Inc. was fined 500,000 Swiss francs ($568,000) by Switzerland’s stock exchange regulator for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022. The total value of the erroneous trades executed on the …
Citi Fined by Swiss Exchange Regulator Over 2022 Fat-Finger Flash Crash Read More »
Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc. Gallagher said it is actively responding to the request and expects that …
Regulators Ask Gallagher for More Information on $13.4B AssuredPartners Acquisition Read More »
Ex-Tropical Cyclone Alfred weakened to a tropical low and was still lingering off the coast of Brisbane on Saturday afternoon, sparing Australia’s third-biggest city from any major damage. The storm still threatens to bring high winds and flooding to an …
Cyclone Alfred Weakens to Tropical Low, Sparing Any Major Damage Read More »
The country’s preeminent federal fire training academy canceled classes, effective immediately, on Saturday amid the ongoing flurry of funding freezes and staffing cuts by President Donald Trump’s administration. The Federal Emergency Management Agency announced that National Fire Academy courses were …
FEMA Cancels Classes at National Fire Academy Amid Federal Funding Cuts Read More »
Just as several other U.S. states are bragging about the growing number of captive insurers domiciled there – and are making changes to attract more captives – Alabama regulators have declared a temporary moratorium on those types of insurance companies. …
As Some States Welcome More Captives, Alabama DOI Declares Moratorium on Them Read More »
The Virginia Supreme Court has upheld a ruling that Amazon Flex drivers are employees and not independent contractors while criticizing the company for changing its arguments after it lost in prior decisions. Amazon Logistics failed to convince the high court …
Virginia’s Top Court Rejects Amazon’s ‘Zig-Zag’ in Upholding Flex Drivers as Employees Read More »
First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames. More than 100 fires ignited in the state last weekend — an unusually high …
Cascading Extreme Weather Events Unleash Billions in Damages Globally Read More »
A Washington timber company was fined $114,300 for reportedly violating state and federal child labor regulations. The violations involve a 17-year-old worker, who was reportedly injured while working on one of MVR Timber Cutting Company’s logging operations. The Washington State …
Washington Timber Company Fined $114K for Child Labor Violations Read More »
More than a year after the Honolulu City Council created a program to reduce the city’s backlog of building permit applications, the city’s permitting department director said she’s close to starting the program. The delay, said Department of Planning and …
Honolulu Allowing Some Developers to OK Their Own Projects Read More »
This post is part of a series sponsored by Darkhorse Insurance. Before venturing into independent insurance sales, it’s crucial to consider the variable earnings potential, which is influenced by a range of factors. Let’s explore some of the key factors …
How Much Do Independent Insurance Agents Make? Read More »
