News – Insurance Journal
|Utility Customers Sue Over California Wildfire Law
Two Pacific Gas & Electric customers want the federal judge overseeing the company’s bankruptcy to strike down a new California law that Gov. Gavin Newsom has championed as a way of shoring up the state’s major electric utilities in the …
POSTED JULY 22, 2019 2:52 PM
|Fire Forces Philadelphia Energy Solutions to File for Bankruptcy Again
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led to the permanent shutdown of the biggest oil refinery on …
POSTED JULY 22, 2019 1:05 PM
|AIG Names Ling Chief Human Resources Officer
American International Group has named Karen L. Ling as executive vice president, chief human resources officer. Ling will lead AIG’s global human resources department and be responsible for aligning AIG’s talent strategy with the company’s long-term strategic, operational and financial …
POSTED JULY 22, 2019 12:59 PM
|Safety Rules Proposed After Child Dies in Grease Trap at New York Restaurant
The death of a 3-year-old boy in a restaurant’s underground grease collection tank has prompted two state lawmakers to draft new safety legislation. Police say the child fell through an unsecured plastic cover over a grease trap behind a Tim …
POSTED JULY 22, 2019 12:49 PM
|Court Orders New Jury to Review $1.8M Award in New Jersey Transit Bus Attack
New Jersey Transit may not be solely responsible for a $1.8 million jury award to a woman injured when a fellow bus passenger hit her with a bottle, a court has ruled. A state appeals court ruled this week that …
POSTED JULY 22, 2019 12:47 PM
|Paris Court Rejects Compensation Claim from 1994 Estonian Ferry Disaster
A Paris court rejected a compensation claim Friday related to the 1994 sinking of an Estonian ferry, which remains one of Europe’s deadliest maritime disasters. The court ruled on the claim from more than 1,000 survivors and relatives of victims …
POSTED JULY 22, 2019 12:17 PM
|U.S. Criminally Charges Ohio Opioid Distributor with Profiting from Epidemic
An Ohio drug wholesale distributor and two former executives on Thursday were charged with profiting from the U.S. opioid epidemic by selling millions of pills despite signs the addictive drugs were being misused. Federal prosecutors in Cincinnati charged Miami-Luken Inc. …
POSTED JULY 22, 2019 12:15 PM
|Equifax’s $700 Million Data Breach Settlement Includes $300 Million for Consumers
Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday. The largest-ever settlement for a data breach draws to a …
POSTED JULY 22, 2019 11:24 AM
|RSA Taps AXA’s Rueegg as Middle East CEO; Other Executives Promoted in Region
RSA Insurance has appointed Martin Rueegg as the new chief executive of the Middle East and United Arab Emirates (UAE). Rueegg joins from AXA where he was general insurance managing director for Hong Kong. He replaces Lloyd East who moves …
POSTED JULY 22, 2019 11:06 AM
|Liberty Specialty Forms Cyber Centre of Excellence; Rigby Named Chief Cyber Officer
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jon Rigby to the newly created role of chief cyber officer. He will report to Peter Smith, executive underwriting officer. Rigby will be based in London and takes …
POSTED JULY 22, 2019 10:07 AM
Top News & Analysis
|Johnson & Johnson faces a crucial hearing Monday over thousands of talc baby powder lawsuits
A US judge presiding over multidistrict litigation alleging J&J's talc baby powder causes ovarian cancer starts hearing from experts Monday.
POSTED JULY 22, 2019 2:52 PM
|If Hollywood adjusted its highest-grossing films for inflation, this would be the top 10
There's a reason the film industry doesn't measure the success of modern movies against those of the past — movie ticket inflation isn't an exact science.
POSTED JULY 22, 2019 2:51 PM
|Air-conditioner maker Lennox cuts forecast citing 'significantly cooler temperatures'
Air-conditioner maker Lennox International pointed to colder weather as a key reason for cutting guidance.
POSTED JULY 22, 2019 2:48 PM
|Cramer: Disney's stock 'is just an annuity stream'
Following a record breaking opening weekend for Disney's "The Lion King," CNBC's Jim Cramer said the company's stock is an "annunity stream" for investors.
POSTED JULY 22, 2019 2:42 PM
|Cramer: Trump is 'hungry for tariffs' and trade talks are one tweet away from 'blowing up'
"Most of the industrial companies that I talk to are ready for the next big increase," Jim Cramer says of tariffs.
POSTED JULY 22, 2019 2:33 PM
|EBay poaches ex-Amazon Alexa executive for chief product officer role
EBay is hiring Peter Thompson, former vice president of Amazon's Alexa Voice Services, to focus on product experience at the company.
POSTED JULY 22, 2019 2:22 PM
|Proving you deserve $20,000 from the Equifax settlement will be nearly impossible
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.
POSTED JULY 22, 2019 2:15 PM
|Forget 'FAANG' growth stocks, one technical analyst touts 'BAANG' stocks for a new, scarier era
A group of gold miners stocks "BAANG" are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.
POSTED JULY 22, 2019 2:06 PM
|US debt ceiling and budget deal 'near final'; suspends ceiling for 2 years: Source
The agreement between the White House and congressional Democrats would raise the debt ceiling for two years and permanently end the sequester.
POSTED JULY 22, 2019 1:46 PM
|USDA's plan to relocate research agencies to the Midwest unleashes a brain drain
Two critical federal research agencies are being gutted after workers refused to relocate to the Midwest.
POSTED JULY 22, 2019 1:45 PM
Germantown, WI - Pages
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|Building Construction Oversight Committee
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|Historic Preservation Commission
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|Board of Zoning Appeals
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|Board of Review
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|Three options strategies for the week: July 22, 2019
The "Options Action" traders share which stocks they're watching this week.
POSTED JULY 22, 2019 1:20 PM
|A couple of analysts raise expectations for Amazon days before earnings
Two Wall Street analysts are betting big on Amazon's quarterly report later this week by hiking their price targets on the e-commerce giant.
POSTED JULY 22, 2019 12:52 PM
|Goldman Sachs: The market is stuck, so buy these companies that can grow earnings instead
For investors hoping rate cuts would push the market higher, Goldman Sachs said stocks can't really go anywhere from here.
POSTED JULY 22, 2019 12:29 PM
|Morgan Stanley on Apple: 'Attractive setup into earnings'
Morgan Stanley maintains its overweight rating on Apple's stock and hikes its price target to $247 from $231, heading into the tech giant's third-quarter earnings on July 30.
POSTED JULY 22, 2019 12:18 PM
|Stocks making the biggest moves premarket: Equifax, Vail Resorts, Halliburton, CBS, Disney & more
Names on the move ahead of the open.
POSTED JULY 22, 2019 11:45 AM
|Micron shares jump after Goldman upgrades the stock, gets more positive on memory chip industry
Goldman Sachs sees a faster-than-expected deceleration in memory chip production.
POSTED JULY 22, 2019 11:40 AM
|China kicks off new Shanghai tech board as it tests new ways to improve volatile stock market
China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.
POSTED JULY 22, 2019 1:57 AM
|Recession threat is rising as earnings roll over, market bear David Rosenberg warns
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.
POSTED JULY 21, 2019 9:00 PM
|Iran tanker seizure shows oil price has become a 'broken barometer' for Mideast tension
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that dynamic.
POSTED JULY 21, 2019 8:38 PM
|Analysts love these 5 stocks ahead of their earnings reports
CNBC combed through Wall Street research to see which stocks analysts like into earnings season.
POSTED JULY 21, 2019 12:00 PM