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P/C Insurers' Income Plunged 27.5% In First 9 Months Of 2020 – InsuranceNewsNet

JERSEY CITY, N.J., February 8, 2021 — In the first nine months of 2020, the private U.S. property and casualty (P&C) insurance industry dealt with the effects of the COVID-19 pandemic as well an historic catastrophe season, according to a report from Verisk, a global data analytics provider, and the American Property Casualty Insurance Association. The industry’s net income after taxes dropped 27.5 percent to $35.1 billion in the first nine months of 2020 and net underwriting gains declined...
United States Robert Gordon Neil Spector American Property Casualty Insurance Association American Property Casualty Insurance Events Set

BitGo Fined For Allowing Sanctioned Countries Access its Crypto Wallet

Crypto wallet and custodian, BitGo has agreed to pay just short of $100,000 to settle violations of sanctions rules administered by the US Treasury’s Office of Foreign Assets Control. The OFAC said the violations occurred because BitGo, in 183 instances, allowed people located in sanctioned regions to use its non-custodial digital wallet management service. The crypto startup was aware that based on the IP address data it collects, users from Ukraine, Cuba, Iran, Sudan and Syria logged into B...
Us Treasury Office Of Foreign Assets Foreign Assets Events Set Forex Market All Crypto Bitgo Fined For Allowing Sanctioned Countries Access Its Crypto Wallet

Brexit: UK Regulator Offers Temporary Relief on Swaps Trading

Brexit: UK Regulator Offers Temporary Relief on Swaps Trading Brexit: UK Regulator Offers Temporary Relief on Swaps Trading British companies can approach EU platforms till March 2021. Arnab Shome 2020-12-31T12:58:05+00:00 2020-12-31T13:41:05+00:00 Photo: Finance Magnates The UK’s Financial Conduct Authority (FCA) has announced on Thursday that it will allow British companies to approach the European Union-based platforms for derivatives trading until the end of March 2021. This decision cam...
United Kingdom City Of No Deal For Financial Services United Kingdom Financial Conduct Authority European Union Financial Conduct Authority

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