FDA Extends Required Warnings to Short-Acting Opioid Painkillers March 23, 2016 By Natalie Grover Short-acting opioid painkillers will carry strong new warnings under U.S. Food and Drug Administration requirements announced on Tuesday that will...
AIG Continues with Job Cuts; Warns 242 in New York Next to Go March 23, 2016 By Sonali Basak American International Group Inc., the insurer that’s been under pressure from activist investors, said it plans to cut 242 jobs...
Lloyd’s Profit Drops 30% in 2015 on Weak Prices and Lower Investment Income March 23, 2016 By Sarah Jones Lloyd’s of London reported a 30 percent drop of full-year profit as the world’s largest insurance market was hurt by...
Supreme Court Rules for Workers in Class Action Against Tyson March 23, 2016 By Lawrence Hurley The U.S. Supreme Court on Tuesday handed a loss to Tyson Foods Inc. over the company’s challenge to an almost...
P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions March 23, 2016 By Jonathan Saul and Osamu Tsukimori Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact...
Former U.S. Security Specialist’s MGA Ridge Global Tackling Cyber Risks March 23, 2016 By Amy O'Connor It may be surprising to some that a former governor and head of National Security started an insurance company focused...
China’s Fosun Weighs IPO for Ironshore, Just 4 Months After Acquiring Insurer March 23, 2016 By Katherine Chiglinsky and Sonali Basak Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for...
Chubb Global Cyber Practice Launches Service to Combat Ransomware Attacks March 23, 2016 In response to a 430-percent growth rate in Chubb’s criminal-related cyber losses over the past five years, Chubb’s Global Cyber...
Explosion at Georgia College Under Investigation, Worker Seriously Injured March 23, 2016 The president of an Atlanta-area college says an explosion that seriously injured a food worker could be linked to a...
Roundabouts Reduce Accidents, Injuries in South Carolina March 23, 2016 By Emery P. Dalesio More traffic circles are being built in South Carolina and figures from the state Department of Transportation show they help...