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DALLAS--(BUSINESS WIRE)--Dallas-based Nachawati Law Group is working with Kentucky Attorney General Russell Coleman’s Office in a lawsuit against Temu, the Chinese-owned shopping app accused of sweeping users’ personal data, violating consumer privacy laws and selling counterfeit goods. Through promises of bargain-basement prices on a dizzying array of consumer and household goods, the Temu shopping app has become one of the most popular apps in the United States. However, the app also collects

OLDWICK, N.J.--(BUSINESS WIRE)--In its July issue, Best’s Review reports on the issues that insurance accountants are facing, such as the ongoing remediation and implementation of IFRS 17. Staffing issues within the insurance industry have led to gaps that technology can’t bridge as of today, according to Joe Kowalczyk, managing partner of Crowe LLP’s insurance services. Additionally, insurers are depending on accountants to make sure new and updated tech platforms have the right controls in pl

NEW YORK--(BUSINESS WIRE)-- #AALL--Wolters Kluwer Legal & Regulatory U.S. will host a future-facing AI Lab during the upcoming 2025 American Association of Law Libraries Annual Meeting and Conference in Portland, OR. Legal researchers can register here for the opportunity to gain an exclusive preview of VitalLaw AI innovations in early development, share feedback, and directly influence the evolution of Wolters Kluwer’s innovative solutions. Elsewhere during the conference, David Bartolone, Vice Pr

AMSTERDAM--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” (Good) from “bbb+” (Good) and affirmed the Financial Strength Rating of B++ (Good) of Cowen Reinsurance S.A. (Cowen Re) (Luxembourg). In addition, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings). These ratings reflect Cowen Re’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating p

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research on recent developments in federal student loan default collection policies and their likely impact on securitized consumer credit fundamentals. The Department of Education (DOE) on April 21 announced it would resume collections on defaulted student loans starting May 5. Although the resumption of collections on defaulted federal student loans presents a clear headwind to consumer credit fundamentals, we do not anticipate a severe or widespread d