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April 16, 2021Connecticut Reminds Insurers to Avoid Discriminatory Practices with Big Data
Connecticut Insurance Department (CID) Commissioner Andrew N. Mais issued a formal notice to insurers licensed by the department that their use of technology and big data must be in full compliance with federal and state anti-discrimination laws. The …


April 16, 2021Massachusetts Regulators Seek to Revoke Robinhood’s License; Brokerage Sues
Massachusetts regulators on Thursday sought the revocation of Robinhood’s broker-dealer license after charging that it encourages inexperienced investors to place risky trades without limits, while the online brokerage sued to invalidate a new rule u …


April 16, 2021Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters
Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial underwriters. “Radar Workbench has been developed to provide the optimal environment that supports u …


April 16, 2021Risk of COVID-19 Exposure on Airlines Drops when Middle Seats Are Empty: Study
The risk of being exposed to the COVID-19 virus on an airline flight drops by as much as half when airlines keep middle seats open, a new study published by the U.S. government concludes, a safety practice the carriers have …


April 16, 2021New York City Begins $1.5B Project to Protect Manhattan from Floods
New York City has embarked on a $1.45 billion resiliency project in lower Manhattan along the East River, an area devastated by flooding in 2012 during Hurricane Sandy, Mayor Bill de Blasio said. The city’s East Side Coastal Resiliency project, …


April 16, 2021Many Climate Scientists Moving from Fieldwork to Jobs in Financial Services
LONDON – Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Now she …


April 16, 2021Impact of Brexit on City London Is Worse than Expected: Study
LONDON – Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial …


April 16, 2021UK Space Industry Aims to Remove Dangerous Space Junk from Orbit
A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening a collision that the European Union’s Space Surveillance and Tracking Consortium estimated could generate more than 4 million pieces of debris. …


April 16, 2021Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals
Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with the matter said. Wemmer …


April 16, 2021Russian Spy Agency SVR Responsible for SolarWinds Hack: White House
The White House said in a statement on Thursday that Russia’s foreign intelligence service, known as the SVR, was responsible for the SolarWinds hack, which led to the compromise of nine federal agencies and hundreds of private sector companies. Seni …

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