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Tag: finance


Activity, Insurance

California Department of Insurance Fraud Suit Results in $24M in Payments from AbbVie

August 7, 2020

Via: Insurance Journal

California Insurance Commissioner Ricardo Lara this week announced a settlement agreement with AbbVie Inc. to resolve a lawsuit alleging violations of the California Insurance Frauds Prevention Act involving the marketing of blockbuster prescription drug HUMIRA. AbbVie agreed to reform its […]


Activity, Insurance

The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone

August 6, 2020

Via: Insurance Journal

Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive customer experience. Led by ambitious entrepreneurs from […]


Activity, Trading

Rocket Shares Up as Quicken Loans Parent Starts Trading

August 6, 2020

Via: TheStreet

Shares of Rocket Cos, parent of Quicken Loans, rose after their initial public offering, a smaller-than-expected issuance reflecting investors’ hesitance amid cloudy economic forecasts. The Detroit company late Wednesday priced 100 million shares at $18 each. At last check the […]


Activity, Trading

How options trading has evolved for the masses

August 5, 2020

Via: Finextra

Over the last few years, the practice of options trading has grown substantially. This growth has coincided with a series of unpredictable political and social events, which have caused high levels of volatility across currency and commodities markets. Brexit, the […]


Activity, Insurance

U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW

December 9, 2019

Via: Insurance Journal

U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson. WTS’s Commercial Lines Insurance Pricing Survey (CLIPS) survey compared prices charged on […]


Activity, Corporate Banking, Insurance

Only 2% of the Equifax data breach victims have signed up for free credit monitoring so far

November 1, 2019

Via: Market Watch financial

Months after class-action attorneys and regulators unveiled a $700 million dollar settlement with Equifax for a massive data breach affecting 147 million people, new court papers say approximately 3 million consumers have chosen the deal’s free credit monitoring services. The […]


Activity, Investment Banking, Trading

Market Extra: Can the stock market march higher without the promise of more Fed cuts?

October 30, 2019

Via: Market Watch financial

Large-capitalization U.S. stocks have hit a new high this week, and significant credit for this feat can be given to the Federal Reserve. Since the Fed instituted its first interest rate cut at the end of July, the S&P 500 […]


Activity, Investment Banking

China trade fight seen dragging on through 2020 in threat to economy, Trump reelection

August 7, 2019

Via: Market Watch financial

The White House’s escalating trade fight with China is increasingly likely to drag on through the 2020 election, handicapping the U.S. economy and potentially endangering President Trump’s re-election. Strategists and economists say the U.S. and China appear further away than […]


Capital and Risk, Macroeconomic

Trump is risking his reelection with the trade war, says Strategas analyst Clifton

August 6, 2019

Via: CNBC Finance

President Donald Trump’s trade war is slamming the stock market and risks damaging the global economy, as well as his own reelection chances, according to Strategas head of policy research Daniel Clifton. “Trump is trading away his reelection,” said Clifton. […]


Capital and Risk, Macroeconomic

China’s exit from US agriculture is a devastating blow to an already struggling sector

August 6, 2019

Via: CNBC Finance

Agriculture has been a weapon of choice in the escalating trade war between the world’s two largest economies. With China officially pulling out of buying U.S. agricultural products, American farmers are losing one of their biggest customers. It could be […]