Willis Towers Watson sees 32% slide in Q2 profit
www.insurancebusinessmag.com

Chief executive still “pleased” with brokerage’s achievements

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China-Backed Hackers ‘Targeted’ COVID-19 Vaccine Firm Moderna, Reuters Reports
www.insurancejournal.com

Chinese government-linked hackers targeted biotech company Moderna Inc., a U.S.-based coronavirus vaccine research developer, this year in a bid to steal data, according to a U.S. security official tracking Chinese hacking. China on Friday rejected the accusation that hackers linked …

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Insurers’ $158 Billion CLO Bet Is Putting the Industry at Risk
www.insurancejournal.com

They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers. Collateralized loan obligations — which package and sell leveraged loans into chunks of varying risk and return — promise safety and …

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Italian Insurer Cattolica Paves Way for Tie-Up with Generali
www.insurancejournal.com

Shareholders in Italian cooperative insurer Cattolica Assicurazioni approved its conversion into a joint-stock company on Friday, paving the way to a tie-up with Generali to boost its capital position. Generali last month agreed to buy 24.4% of Cattolica and signed …

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Magnitude 4.2 Earthquake Confirmed in Los Angeles, But No Damage
www.insurancejournal.com

A magnitude 4.2 earthquake shook the Los Angeles region before dawn Thursday the U.S. Geological Survey confirmed, but no significant damage was reported. The 4:29 a.m. jolt was centered in the northern San Fernando Valley and occurred at a depth …

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Hawaii’s Governor Wants Tighter Rules After Virus Surge
www.insurancejournal.com

Hawaii Gov. David Ige said he wants to reimpose some limits on gatherings and bars to control the spread of the coronavirus as the state reported a record 109 new cases of the disease. The governor said he agrees with …

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Committee on labour suggests unemployment insurance for unorganised sector workers
economictimes.indiatimes.com

The committee has pulled up the government for not declaring the indicated expenditure and source of revenue for running the social security scheme while urging them to include unemployment insurance as part of the code for the unorganised workers so that unprecedented labour market situations can be well taken care of.

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Alan Parker, director of 'Bugsy Malone' and 'Mississippi Burning', has died – UK media
www.investing.com
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Dominion takes $2.8 bln charge to exit Atlantic Coast natgas pipe
www.investing.com
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