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executive risks News

Ban on Worker Noncompetes Faces Uphill Legal Battle

The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies’ power to adopt broad rules. The commission in unveiling …

Chamber of Commerce Sues to Block FTC’s Non-Compete Ban

Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry. In a complaint …

Trump Allies Attack Corporate ‘Bigotry’ Against White Men

One complaint accuses Macy’s Inc. of discriminating against White men. Another levels that allegation against BlackRock Inc. A third points a finger at, of all things, NASCAR – a largely White sport where Confederate flags were prevalent until they were …

US SEC Enforcement Collected Nearly $5B in Financial Remedies Last Year

The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering $4.95 billion in penalties and other financial remedies, the agency said in a statement on Tuesday. The total financial remedies …

Markets/Coverages: Coalition Announces Executive Risks Offering for Nonprofits

Coalition today said it launched a version of its Executive Risks Å˽ðÁ«´«Ã½Ó³»­ products designed for not-for-profit organizations. Coalition’s Executive Risks insurance for not-for-profits combines automated underwriting data collection and real-time analysis with a streamlined application process compared to the industry …

Stablecoin Regulatory Crackdown Sends Warning to Industry

The U.S. Security and Exchange Commission’s warning shot on Binance’s stablecoin over whether or not it is a security could offer a hint at what type of dollar-pegged tokens may draw regulatory scrutiny, critical information for other digital asset firms …

Berkshire Hathaway Specialty Taps AIG’s Hamon, Batchili for Executive Team in France

Berkshire Hathaway Specialty Å˽ðÁ«´«Ã½Ó³»­ (BHSI) is entering the executive and professional insurance lines market in France and has appointed Olivier Hamon as head of Financial Institutions and Management Liabilities and Alice Batchili as Professional Indemnity manager. Hamon and Batchili, both …

Beazley Beefs Up Executive Risk Team in U.S. with 6 More Recruits

Specialty insurer Beazley has expanded its underwriting and claims presence in the U.S. with new hires for its Executive Risk team that focuses on board-level risks facing businesses and their executives. Elizabeth Cassarino joins Beazley’s Boston team as an underwriter. …

Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan

Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She will join Beazley’s executive committee at the same time. Greenwood joined Beazley last September to lead the London market and …

Ed Appoints Willis Towers Watson’s Skaanild to Professional & Executive Risk Team

Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Laura Skaanild as client director, Professional and Executive Risk. She will report to Paul Richards, managing director of Professional and Executive Risk. Skaanild will focus on managing and …