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Iran Increases Cyber Attacks on U.S. Gov’t, Infrastructure: Cyber Security Firms
Iran has increased its offensive cyber attacks against the U.S. government and critical infrastructure as tensions have grown between the two nations, cyber-security firms say. In recent weeks, hackers believed to be working for the Iranian government have targeted U.S. …

POSTED JUNE 24, 2019 12:11 PM
Facebook’s Cryptocurrency Gets Pushback from Global Financial Watchdogs
Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister Bruno Le Maire was already broadcasting his discontent. “It’s out of the question” that the social-media giant’s digital money compete …

POSTED JUNE 24, 2019 11:44 AM
Women Employees at Oracle Seek Class-Action Status in Gender Pay Lawsuit
Call it the class ceiling. Women suing major technology companies for gender discrimination would have much stronger leverage against their employers if they could press their claims on behalf of a large group of female colleagues. But last year, the …

POSTED JUNE 24, 2019 10:53 AM
AXIS Re Hires Hands from CNA Hardy as Head of Australia
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd. announced the expansion of AXIS Re Strategic Partners with the hiring of Robert Hands as a strategic account executive and head of Australia. In this role, Hands will be …

POSTED JUNE 24, 2019 10:21 AM
Facebook Faces Lawsuit for Data Breach Affecting Nearly 30 Million Users
Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that hackers exploited several software …

POSTED JUNE 24, 2019 10:09 AM
Financial Services Provides Plenty of Jobs – from Coast to Coast: Opinion
There were 755,436 people working in financial activities in the New York metropolitan area last year, more than twice as many as in the next-biggest area for such jobs, metro Los Angeles. But this amounted to just 8% of New …

POSTED JUNE 24, 2019 9:49 AM
UK’s Legal & General Is Divesting Exxon Shares Over Climate Change
One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing enough to address climate change. Legal & General Investment Management, which oversees about $1.3 trillion and is one of Exxon’s …

POSTED JUNE 24, 2019 8:59 AM
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power
Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by denying coverage to gambling companies and nuclear-power generators. The asset-management arm of ASR Nederland NV already has a list of …

POSTED JUNE 24, 2019 8:36 AM
How the Florida ‘Omnibus’ Insurance Bill Will Impact Insurer Duty to Defend, Appraisal
While most of the news out of the 2019 Florida Legislative Session surrounding insurance has focused on House Bill 7065 and the wide-spread assignment of benefits (AOB) reform it promises, another piece of legislation that makes some big insurance-related changes …

POSTED JUNE 24, 2019 5:38 AM
CSAA in California Names Acevedo Chief Information Officer, and Rogers Chief Information Security Officer
CSAA Insurance Group has named Paul Acevedo executive vice president and chief information officer. CSAA has also named Marlys Rodgers chief information security officer. Acevedo leads CSAA’s technology organization, with responsibilities including consumer- and agent-facing digital experiences. Acevedo joined CSAA …

POSTED JUNE 24, 2019 5:00 AM

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