Short-acting opioid painkillers will carry strong new warnings under U.S. Food and Drug Administration requirements announced on Tuesday that will bring information about addiction and abuse in line with that on long-acting pills. The FDA’s action comes a week after …
American International Group Inc., the insurer that’s been under pressure from activist investors, said it plans to cut 242 jobs at five locations in New York City. The reductions will take place through Sept. 30, and include its Water Street …
Lloyd’s of London reported a 30 percent drop of full-year profit as the world’s largest insurance market was hurt by continued pressure on pricing and the lowest investment returns since at least 2001. Earnings declined to 2.1 billion pounds ($3 …
The U.S. Supreme Court on Tuesday handed a loss to Tyson Foods Inc. over the company’s challenge to an almost $5.8 million class action judgment in a case won by workers at an Iowa pork-processing facility who contended they were …
Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington’s sanctions, according to officials involved in the initiative. International oil and shipping …
It may be surprising to some that a former governor and head of National Security started an insurance company focused on cyber risk, but Tom Ridge, president and CEO of Ridge Global says it shouldn’t be. “While the world is …
Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for Ironshore Inc., just months after acquiring the insurer. Fosun may also pursue a sale of Bermuda-based Ironshore, according to a …
In response to a 430-percent growth rate in Chubb’s criminal-related cyber losses over the past five years, Chubb’s Global Cyber Risk Practice has launched a service to assist policyholders with ransomware attacks. This is the first new offering from Chubb’s …
The president of an Atlanta-area college says an explosion that seriously injured a food worker could be linked to a buildup of gases in a sewer line. A statement from Georgia Gwinnett College President Stas Preczewski says an unknown spark …
More traffic circles are being built in South Carolina and figures from the state Department of Transportation show they help reduce the number of accidents and injuries at intersections. The Independent Mail of Anderson reports that 15 traffic circles have …
