Business Law


Ask the Experts – Car Insurance in CT

Wallethub – Q: Is it fair for car insurance companies to consider gender or age when setting premiums?

A: Car insurance, typically though not always, costs more for men than women. This is because insurance companies have concluded that male drivers, particularly young male drivers, are statistically a greater risk than female drivers. Insurance companies are looking for ways evaluate their risk as effectively as possible. That said, there are already a small number of states, such as California, Massachusetts, and Michigan, which prohibit using gender to set premiums. More states might adopt those provisions in the future. Regarding age, insurers may charge more for very young and very old drivers because of their greater risk. An open question is how car insurance premiums will change for transgender and nonbinary people.

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Amid a scandal, Vince McMahon has stepped down, again. What’s next for the founder and CT-based WWE?

CT Insider – STAMFORD — WWE founder Vince McMahon has stepped down from the company, in the wake of a lawsuit filed last week by a former employee who accused him of sexual abuse. If that scenario sounds familiar, it is because McMahon announced his retirement a year-and-a-half ago amid a company investigation into alleged misconduct.

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Ask the Experts: LendingClub Review

Wallethub

Q: What are some pieces of advice people should follow when comparing personal loan offers from different lenders?

A: One of the most important criteria is the loan’s interest rate. The higher the interest rate, the more expensive the loan is for the borrower. Borrowers should consider whether the loan has a fixed rate or variable rate.

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Popular Business-Law Series Kicks Off With Discussion of College Athletes’ Rights Movement

UConn Today – The School of Business’ popular Equity Now Speaker Series resumes this fall with a discussion about the relatively new opportunity for college athletes to profit from the use of their name, image and likeness.

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Big Changes for Big Business as EU Human Rights Law Nears Enactment

UConn Today – The European Union will soon require thousands of large companies to actively look for and reduce human rights abuses and environmental damage in their supply chains. And although it’s an EU law, it will also cover foreign businesses – including American ones – that have operations in the region.

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Many global corporations will soon have to police up and down their supply chains as EU human rights ‘due diligence’ law nears enactment

The Conversation – The European Union will soon require thousands of large companies to actively look for and reduce human rights abuses and environmental damage in their supply chains. And although it’s an EU law, it will also cover foreign businesses – including American ones – that have operations in the region.

The European Parliament approved a draft of the new rules in June 2023, and now EU member states and the European Commission will negotiate to finalize the law, which is expected to begin rolling out in phases a few years from now

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Ask the Experts – Best Low Interest Credit Cards

Wallethub – We ask Robert Bird: Does the definition of a “low interest” credit card change over time?

A low-interest credit card has a lower-than-average annual percentage rate of interest for the credit used. Low is a relative term, and can change over time as market rates for interest also change. For example, the Federal Reserve occasionally increases its interest rate on the federal funds rate, which is the interest rate for interbank lending. An increase in that rate in turn may cause interest rates on credit cards to rise as well.

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Business Law Professor Robert Bird Honored for Impactful, Enduring Contributions to the Discipline

UConn Today – Business law professor Robert Bird has been awarded one of the highest honors in his field by his colleagues, who recognized him for outstanding research and professional contributions to the discipline.

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