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SEC Fines Deloitte’s China Branch $20 Million for Audit Violations

(Reuters) — The U.S. Securities and Exchange Commission on Thursday fined the Chinese subsidiary of Deloitte, one of the “big four” accounting firms, $20 million for allowing some clients, including foreign companies listed on U.S. exchanges, to perform their own audit work. For several years, Deloitte’s Chinese subsidiary asked some clients to select their own samples for testing and to …

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Moody’s says hospitals face high hacking risks

(Reuters) — About $22 trillion of global debt rated by Moody’s has a “high” or “very high” exposure to the risk of cyber attack, the credit rating agency said in a report on Thursday, with hospitals and utilities at the highest risk. Of the $80 trillion worth of debt in 71 sectors the credit rating agency monitors, more than a …

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Business Insurance unveils 2022 Women to Watch Awards

Business insurance on Thursday named the 2022 winners of its annual Women to Watch awards program. Business insurance started the program in 2006 to recognize women leaders who are doing outstanding work in risk management and commercial insurance. From the beginning, the program has recognized winners working around the world, and in 2017 the publication expanded the awards to include …

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OSHA says candymaker exposes workers to amputations

The Occupational Safety and Health Administration is proposing $201,379 after finding a candy maker’s factory in Bellwood, Ill., continues to expose workers to amputation risks and failed to use lockout procedures for the third time in five years. OSHA said Wednesday it has issued five subpoenas to Wilkes Barre, Pennsylvania-based Ferrara Candy Co. for a repeat violation and four serious …

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Employer loses appeal of out-of-state claims

An Indiana-based contractor who did work in Kentucky but failed to disclose the out-of-state business to its workers’ compensation insurer is on the hook for a workplace injury, a federal appeals court ruled Tuesday, upholding a lower court ruling. Custom Mechanical Construction Inc. of Evansville, Indiana, was insured with Accident Fund Insurance Co. of America at the time of the …

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Develop a plan during National Preparedness Month

Develop a plan during National Preparedness Month National Preparedness Month is a celebration every September to raise awareness of the importance of being prepared for disasters and emergencies that can strike at any time. Plan today. Your family may not be together if a disaster strikes, so it’s important to know what types of disasters may affect your area. Know …

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All about home contents – Encharter Insurance

Everything about home inventory You never know when disaster might strike and all your personal belongings are lost or damaged. Do you know how much your coin collection is worth? Do you know how many pairs of Nikes you have? That’s where a home inventory can help. Having a home inventory can help you buy the amount of insurance you …

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Discovery – a holistic, ongoing innovation story | Insurance blog

The Qorus-Accenture Innovation in Insurance Awards are proud to celebrate the world’s leading innovators in the industry. The awards’ ultimate accolade – Global Innovator 2022 – recognizes an insurance business that not only manifests innovation in fresh, exciting ways, but lives innovation through its strategy and daily practices. This year, there was no doubt about it Discovered embodied what it …

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Volkswagen faces Israeli emissions class action after verdict

(Reuters) – Volkswagen AG is facing a class-action lawsuit in Israel after a court ruled in favor of petitioners seeking compensation from the German carmaker for diesel emissions cheating. A district court in Tel Aviv ruled that the class action will represent the car owners as well as the public exposed to higher pollution levels, according to a court spokesperson …

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