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The Most Important Number in Finance Is Going Away. Wall St. Isn’t Prepared.
Libor, a benchmark for everything from adjustable mortgages to private student loans, is set to disappear by 2021. Regulators are worried that banks aren’t taking the change seriously enough.

POSTED JULY 19, 2018 7:00 AM
Facebook to Remove Misinformation That Leads to Violence
Critics say the company has not done enough to block false posts that have led to attacks in countries including Sri Lanka, Myanmar and India.

POSTED JULY 19, 2018 3:00 AM
State of the Art: How to Combat China’s Rise in Tech: Federal Spending, Not Tariffs
The United States government once invested mightily to build the modern world. Now it has abdicated that role to a foreign rival.

POSTED JULY 19, 2018 7:15 AM
E.U. Fines Google $5.1 Billion in Android Antitrust Case
European officials hit the internet giant with the record penalty for abusing its power in the smartphone market, the region’s latest move to rein in the clout of tech companies.

POSTED JULY 19, 2018 1:11 AM
Tech Fix: The Benefits (and Limits) of Using Tech to Plan a Wedding
Our newly engaged tech columnist tried to use tech to plan his wedding. He was immediately overwhelmed by the complexity of the process.

POSTED JULY 18, 2018 9:18 PM
Tech We’re Using: When a Tech Reporter Doesn’t Use Much Tech
David Streitfeld has covered technology for years for The Times. He thinks the Luddites are misunderstood.

POSTED JULY 19, 2018 4:27 AM
Trump Nominee Is Behind Anti-Union Legal Campaign
A conservative lawyer chosen to head a federal agency has spent months bringing cases that could bankrupt public-employee unions in several states.

POSTED JULY 19, 2018 1:11 AM
Consumer Bureau Nominee Could Face ‘Bumpy Ride’ Over Lack of Experience
Kathleen Kraninger, who has little experience with the consumer finance products and businesses that the watchdog agency was created to police, will be grilled by lawmakers on Thursday.

POSTED JULY 18, 2018 9:50 PM
Sinclair Tries to Appease F.C.C., but Its Tribune Bid Is Challenged
The TV operator said it would sell off two stations through an independent trust. That was not enough to satisfy the Federal Communications Commission chairman’s concerns.

POSTED JULY 19, 2018 12:43 AM
Reporters, Facing a Hostile White House, Try a New Tactic: Solidarity
At a West Wing briefing, a reporter from The Hill ceded the floor to an NBC correspondent as Sarah Huckabee Sanders tried to move things along.

POSTED JULY 18, 2018 11:13 PM

News – Insurance Journal

Philadelphia Launches Pool, Spa Contractors Program
Philadelphia Insurance Companies’ (PHLY) has launched a new Pool and Spa Contractors Program in response to increased demand for pool construction. The PHLY comprehensive package product includes coverage for pool and spa contractors with a single carrier approach. Coverages offered …

POSTED JULY 19, 2018 5:13 AM
Neighbors of North Carolina Chemical Plant to be Tested for GenX Compounds
North Carolina and federal health officials want to test whether neighbors of a chemical company are carrying little-understood industrial compounds in their bodies. North Carolina’s Department of Health and Human Services said Tuesday it is working with the U.S. Centers …

POSTED JULY 19, 2018 5:08 AM
Lawmakers Eye Holding Social Media Firms Liable for User Posts
Top Republican lawmakers on Tuesday attacked one of the legal protections most prized by social media companies such as Alphabet Inc.’s Google and Facebook Inc., questioning whether they should be held liable for content posted by users. House Judiciary Chairman …

POSTED JULY 19, 2018 5:00 AM
MGM Facing Boycott for Suing Las Vegas Shooting Victims
It took just minutes for the hashtag #BoycottMGMResorts to appear on Twitter, and for people to declare they would no longer patronize the largest casino owner on the Las Vegas Strip. “Was going to stay in November already changed my …

POSTED JULY 19, 2018 5:00 AM
Safety Agency Faulted for Delayed Action on Auto, Airbag Recalls
A government audit released on Wednesday faulted the National Highway Traffic Safety Administration’s oversight of auto safety recalls and said its “delayed action” may have delayed the expansion of a record-setting callback of millions of vehicles for Takata air bag …

POSTED JULY 19, 2018 5:00 AM
Auto Insurers Warn Tariffs on Auto Parts Could Raise Insurance Costs
A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the …

POSTED JULY 19, 2018 5:00 AM
Florida Agencies Clegg Insurance Group, Advanced Insurance Brokerage Merge
Clegg Insurance Group and Advanced Insurance Brokerage (AIB), both in the Tampa, Fla., area – signed off on a new deal last month that will merge the companies’ property and casualty coverage portfolios. Together, the two companies will offer new …

POSTED JULY 19, 2018 4:55 AM
How the Florida Insurance Industry Hopes to Rein In AOB Crisis
“I think the number one thing the insurance industry can do is link AOB (assignment of benefits) to the impact that it’s having on the individual consumer and the huge impact it’s having on the premiums that the consumer’s paying,” …

POSTED JULY 19, 2018 4:48 AM
AIG Completes $5.5 Billion Acquisition of Validus
American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about eight months after Brian Duperreault took over at AIG as president …

POSTED JULY 19, 2018 12:46 AM
WSS California Operation Adds Bertram, McLeod
WSS, part of XPT, a new specialty insurance distribution company, has named Lynn Bertram senior broker/underwriter in the commercial lines department, while Stefanie McLeod will serve as vice president and senior production underwriter in the personal lines department. Bertram previously …

POSTED JULY 18, 2018 10:43 PM

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