Business Insurance
A federal judge in California on Monday ordered a new trial on the damages Tesla Inc. owes to a Black former worker who accused the company of race discrimination, after he turned down a $15 million award.
Posted: Jun 27, 2022
A federal appeals court on Friday decertified a class-action disability discrimination lawsuit filed against a bargain store chain, ruling the lower court had certified an overly broad class based on inadequate evidence.
Posted: Jun 27, 2022
Hijacking and information technology incidents reported to the Department of Health and Human Services’ Office for Civil Rights among covered entities and business associates have increased by 843% between 2015 and last year, says the U.S. Government...
Posted: Jun 27, 2022
SureChoice Underwriters Reciprocal Exchange, a Houston-based member-owned insurance company that offers coastal property coverage through SageSure Insurance Managers LLC, has launched its first commercial insurance product for small- and medium-sized...
Posted: Jun 27, 2022
A growing number of large U.S. companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal e...
Posted: Jun 27, 2022
A federal jury in the District of Massachusetts has found that a Massachusetts employer and his company retaliated against an immigrant employee who reported an on-the-job injury.
Posted: Jun 27, 2022
Gallagher Re, the reinsurance business of broker Arthur J. Gallagher & Co., said Monday it has named former World Bank executive Antoine Bavandi to the newly created role of global head of public sector, parametric and climate resilience solutions.
Posted: Jun 27, 2022
An after-work drink has turned out to be a potentially big problem for a Japanese city.
Posted: Jun 27, 2022
The U.S. Supreme Court on Monday gave two doctors found guilty of misusing their licenses in the midst of the U.S. opioid epidemic to write thousands of prescriptions for addictive pain medications another chance to challenge their convictions.
Posted: Jun 27, 2022
Blank-check company Digital World Acquisition Corp. said Monday that each of its board directors had received subpoenas from federal prosecutors over the company’s merger plans with former President Donald Trump’s social media company.
Posted: Jun 27, 2022
The U.S. Supreme Court on Monday rejected another Bayer AG bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages.
Posted: Jun 27, 2022
Aberdeen Restaurant Enterprises Ltd., owner of Hong Kong’s iconic Jumbo Floating Restaurant that capsized recently, has said that it will not receive any insurance payout for the capsized vessel as it is covered under a policy that warrants cover for...
Posted: Jun 27, 2022
U.K.-based insurance broker PIB Group Ltd. has agreed to acquire Irish general insurance brokerage Sullivan Insurances (Limerick) Ltd. to further strengthen its foothold in Ireland.
Posted: Jun 27, 2022
Ecuador's Energy Minister Xavier Vera-Grunauer issued a warning on June 26 stating that the country’s oil production has reached a "critical" level and could be halted completely within 48 hours if onging protests and roadblocks continue.
Posted: Jun 27, 2022
The French Federation of Insurance said that the recent spate of thunderstorms, hail and other severe weather events have caused an estimated €1.3 billion ($1.4 billion) in insured and reinsured losses in France.
Posted: Jun 27, 2022
A report by U.S.-based investment bank Goldman Sachs Group Inc. said that Swiss Reinsurance Co. Ltd. has lowered down its insured loss estimates for the Ukraine-Russia war to $10 billion from the previous estimate of $15 billion.
Posted: Jun 27, 2022
The Delaware Supreme Court on Thursday upheld a determination that an injured worker’s prescribed narcotic pain medications were no longer compensable.
Posted: Jun 27, 2022
The Florida Division of Workers’ Compensation on Friday reported a significant drop in COVID-19 claims in March and April.
Posted: Jun 27, 2022
A New York state regulator on Friday fined cruise line operator Carnival Corp. $5 million for “significant” cybersecurity violations, following four security breaches from 2019 to 2021 that exposed substantial amounts of sensitive customer data.
Posted: Jun 24, 2022
CAC Specialty said Friday it has added four former Alliance Insurance Group executives to its newly formed senior living practice.
Posted: Jun 24, 2022
A New Jersey appeals court overturned a lower court and ruled against an Atlantic City casino and in favor of units of Zurich Insurance Group Ltd., American International Group Inc. and Allianz SE in COVID-19-related business interruption coverage Th...
Posted: Jun 24, 2022
Arthur J. Gallagher & Co. said Friday it has acquired Wexford, Ireland-based INNOVU Group Holding Co. Ltd.
Posted: Jun 24, 2022
U.S. crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers.
Posted: Jun 24, 2022
Hoping a photo of the voluptuous “Baywatch” star Carmen Electra in its advertisements would spark the interest of potential customers at the DiCarlo Gentleman’s Club in Colonie, New York, the owners now say the fallout of a lawsuit filed by the actre...
Posted: Jun 24, 2022
Despite the strong push for COVID-19 workers compensation presumptions in the early stages of the pandemic, fewer than half of the 18 states that enacted legislation or saw executive orders still have the provisions in place, according to a report re...
Posted: Jun 24, 2022