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Big Tech’s legal woes are expected to worsen in the coming weeks as federal and state antitrust authorities prepare to file as many as four more cases targeting the tech giants by the end of January.
Posted: November 30, 2020, 3:08 pm
The auto maker will supply fuel cells to Nikola for commercial trucks but will no longer take an equity stake in the electric-truck startup under a stripped-down agreement.
Posted: November 30, 2020, 2:56 pm
The Federal Reserve said it extended four backstop lending programs that helped to stabilize short-term funding markets when the coronavirus pandemic hit in the spring.
Posted: November 30, 2020, 2:27 pm
U.S. regulators pressed banks to transition away from using the London interbank offered rate on new transactions by the end of 2021 while announcing that some transactions based on the troubled benchmark would be allowed to mature before Libor fully winds down in June 2023.
Posted: November 30, 2020, 2:07 pm
A year ago, Chinese electric-vehicle startup NIO was near ruin. Today it is worth more than General Motors.
Posted: November 30, 2020, 12:51 pm

Life Insurance – InsuranceNewsNet

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COVID-19 has increased consumer awareness about the need for life insurance. LIMRA research finds 6 in 10 Americans say they have a heightened awareness about the need for life insurance due to the pandemic and 29% say they are more likely to buy life insurance in the next 12 months.
Author: Staff Reports
Posted: November 30, 2020, 2:55 pm
After a challenging first half, the independent distribution channel jumps back into indexed universal life sales with a big pop in the third quarter. Variable universal life also had a boffo quarter.
Author: Steven A. Morelli
Posted: November 30, 2020, 11:00 am
In a pair of lawsuits, both appealed to the 11th Circuit Court of Appeals, insurers prevailed in lower-court rulings over cost-of-insurance increases. The cases are important because they are among the few COI cases that insurers have won a favorable verdict.
Author: John Hilton
Posted: November 24, 2020, 7:42 pm
Driven by strong growth in whole life and term products, total individual life insurance new annualized premium increased 2% and the number of policies sold jumped 7% in the third quarter, according to LIMRA’s Third Quarter 2020 U.S. Individual Life Insurance Sales Survey.
Author: Staff Reports
Posted: November 23, 2020, 7:45 pm
--Ohio National Financial Services announces that Barbara A. Turner, CRCP, president and chief operating officer, was elected president and chief executive officer by the board of directors of Ohio National Financial Services in November 2020. Turner’ s new position is effective January 1, 2021, following the retirement of Gary T.“ Doc” Huffman, CLU, ChFC, chairman...
Author: user
Posted: November 23, 2020, 6:25 pm