Fired Chinese Insurance Regulator Charged With Bribery, Abuse of Power

China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing......»»

OneConnect, the fintech wing of Ping An Insurance Group, is building a logistics-tracking blockchain platform with the China Merchants Port Group......»»

Huang Chendong, who is in charge of Nio Inc – ADR's (NYSE: NIO) electric power engineering team, will leave his post by June 30, Chinese media outlet 36Kr reported, which said the news was confirmed by management.  read more.....»»

North Carolina's largest insurance provider has named a new executive to replace its former leader who stepped down last year after he was charged with DWI. On Monday, Blue Cross and Blue Shield of North Carolina announced it has elected Dr. Tund.....»»

North Carolina's largest insurance provider has named a new executive to replace its former leader who stepped down last year after he was charged with DWI. On Monday, Blue Cross NC announced it has elected Dr. Tunde Sotunde as its new president.....»»

The Oregon Department of Consumer and Business Services wants health plans to cover telehealth services delivered by in-network providers to replace in-person visits during the coronavirus pandemic. The department made a few other changes in ligh.....»»

Genworth Financial, Inc. (NYSE: GNW) shares are trading higher after the company announced the New York regulator has reapproved the proposed acquisition of control by Oceanwide for Genworth's New York-Domiciled insurance company. read more.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Convicted Durham billionaire Greg Lindberg has filed a federal lawsuit against North Carolina Insurance Commissioner Mike Causey — just weeks after being found guilty in what the feds called a long-running political bribery scheme......»»

PG&E Corp. said it largely supports a proposal from California’s top utility regulator that would allow for greater oversight of the power giant if it fails to reform itself and causes another catastrophic fire after exiting bankruptcy......»»

Chinese airlines reported a total loss of 20.96 billion yuan ($3 billion) in February as the coronavirus epidemic spread and hit travel demand, the aviation regulator said on Thursday......»»

A politically charged bill that would give Gov. Ron DeSantis’ administration the power to randomly audit private businesses to ensure they are not hiring undocumented workers is heading to the Florida House, where it will face a hesitant speaker......»»

Shares of solar power comp.....»»

The head of the U.S. Consumer Financial Protection Bureau (CFPB) said on Friday that she is asking Congress to give the regulator power to pay whistleblowers for tips that help them track down wrongdoers......»»

Xinhua/Chen Yehua via Getty Images One of China's most powerful officials was heckled in Wuhan, showing how the coronavirus is testing state control. "Fake, fake, everything is fake," residents chanted at Vice Premier .....»»

Health insurance plans will waive cost-sharing for COVID-19 testing at in-network facilities, under an agreement with the state of Oregon. People with fully insured individual and group health plans won’t be charged co-payments, co-insurance or de.....»»

The bitcoin network’s processing power is growing again as major Chinese miner manufacturers resume shipments following coronavirus-related delays......»»

Harvey Weinstein’s abuse of power has exposed the media’s complicity over misogyny and shone a light on the discrimination women face every day. Denial is no longer an option. That powerful statement comes from a surprising source — GGQ magazine .....»»

Uncredited/AP A Chinese destroyer targeted a US Navy P-8A surveillance aircraft with a weapons-grade laser in the Pacific last week, the US Navy said Thursday. A Pacific Fleet spokeswoma.....»»

Nearly 350 businesspeople on Thursday attended the Boston Business Journal’s annual Health Care Power Breakfast, which featured top hospital and insurance executives.  The panel discussion at the Seaport Hotel, moderated by BBJ executive edito.....»»