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Washington Prime Group, the corporation which owns more than 100 U.S. malls, filed for bankruptcy on June 13 citing financial woes tied to the CCP virus pandemic. “The COVID-19 pandemic has created significant challenges for many companies, including Washington Prime Group, making a Chapter 11 filing necessary to reduce the Company’s outstanding indebtedness,” the company…
Litigated claims could impact reputation and market share in ways no policy can cover. Here’s how proactive risk mitigation reduces the expense. Product liability claims in the life sciences industry are unique. In many cases, the products in question make a direct impact on consumers’ health. When they don’t perform as intended or cause an…
This story originally appeared on Due Unless you’re in the small percentile of people who are have received a large inheritance or trust fund or won the lottery, you need to build your wealth from scratch. And, that’s not the easiest of goals. Between stagnating wages, growing debt, and a considerable increase in the cost of living, this…
Deloitte Announces New Managing Director Deloitte hired Bob Taylor as managing director of its legal business services practice. Bob Taylor, managing director, Deloitte In this role, Taylor will be responsible for engaging on a variety of topics, “with a specialization in legal innovation, strategy, corporate insurance, litigation management, claims, regulatory compliance and legal technology,” a…
BANGKOK—A series of coronavirus outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the lockdowns’ crippling blow to the crucial tourism industry. The virus has swept through over 130 factories, including those supplying international brands, with more…
Always known as the market of innovation, E&S insurers are leveraging flexibility and creativity to help customers solve problems. The excess and surplus market continues to enjoy steady growth while conditions in the standard market remain challenging for insureds. With standard lines carriers raising rates, tightening terms and conditions and pulling back capacity, risk managers…
By Kartikay Mehrotra From Bloomberg News When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the United States. In Portland, Oregon, burglars installed malicious computers onto a grid providing power…
Tesla CEO Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet. Bitcoin rose 5.1 percent…
New Jersey-based World Insurance, LLC is in the middle a rebrand. It’s also making some noise on the acquisitions front. Founded in 2011 with just five partners, the brokerage firm, now backed by Boston-based Charlesbank, has since completed 102 acquisitions and is still in the hunt, with acquisition targets averaging in the $3 million to…
