Monthly Archives: <span>October 2021</span>

1 in 4 Large Firms Has Vaccine Mandate for Employees, With More Coming: Gartner

One in four companies has instituted a vaccine mandate for U.S. workers, a sharp increase from last month, following President Joe Biden’s directive ordering large employers to require shots or weekly testing. Another 13% of companies plan to put a …

Hospital Housekeeping Services in Texas Sued for Disability Discrimination

Federal officials allege in a lawsuit that a Texas-based company unlawfully fired disabled workers because of their inability to pass an essential functions test. The Equal Employment Opportunity Commission charged in a lawsuit Hospital Housekeeping Services (HHS) violated federal law …

Judge Questions California Counties’ Opioid Case Against Drugmakers

A California judge on Thursday said several large counties accusing four drugmakers of fueling an opioid epidemic had presented a “dearth of evidence” during a multi-billion dollar trial to support finding the companies’ pain pill marketing caused the health crisis. …

Chubb’s Digital Platform Blink Partners With USAA on Cyber Insurance

Insurer Chubb’s new digital platform Blink is partnering with its first insurance carrier to offer cyber insurance to military families. The arrangement allows USAA Insurance Agency to offer a Chubb-backed personal cyber insurance offering through Blink. USAA Insurance Agency is …

Big Pharmacy Chains Under Pressure to Settle Opioid Claims Before Their First Trial

Four large pharmacy chains are set to face their first trial over the deadly U.S. opioid epidemic, creating new pressure to reach settlements with state and local governments who accuse them of contributing to the public health crisis. The Ohio …

Top Aon Executive Ronda to Join TigerRisk

TigerRisk Partners, the Stamford, Conn.-based insurance and reinsurance broker, announced the impending appointment of Tim Ronda as a senior executive. The hire further strengthens TigerRisk’s position in the reinsurance marketplace. Ronda’s most recent position was Global Geographic Leader of Reinsurance …

Judge Says Wells Fargo Must Face Shareholder Fraud Claims

A federal judge on Thursday rejected Wells Fargo & Co’.s bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers. The fourth-largest U.S. bank has operated …

UK Insurer Aviva Completes Sale of French Business to Aéma for £2.8­ Billion

UK insurer Aviva plc announced the completion of the sale of its French business to Aéma Groupe for £2.8­ billion ($3.8 billion) in cash. The transaction was first announced on Feb. 23, 2021. “This is a very significant step forward …

Allianz Finalizes €330 Million Acquisition of Aviva Italia

Allianz S.p.A., the Italian holding company of the Allianz Group, announced it has finalized the acquisition of Aviva Italia S.p.A., the Italian property & casualty (P/C) insurance entity of the Aviva Group. The transaction, which is worth about €330 million …

Catastrophe Data Firm PERILS Launches Real-Time Hailstorm Loss Platform for Australia

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has announced the launch of a new platform providing real-time industry loss estimates for hailstorm events in Australia. In addition, the current Wind-Jeannie loss forecasting platforms for Europe and …