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

UK Baker Greggs Files $137M Claim Against Zurich Over COVID-19 Payout

UK baker Greggs Plc filed a $137 million (£100 million) legal claim against Switzerland’s Zurich Insurance Group in a disagreement over a pandemic-related insurance payout, according to a report in the Sunday Times. The chain claims it is entitled to …

AXA Tightens Policy for Insuring, Investing in Oil & Gas Ahead of COP26 Summit

AXA, France’s biggest insurer, said on Friday it would tighten its policy regarding investing in and insuring the oil and gas sector, as pressure builds on finance to help curtail new production. The announcement, which comes before global leaders meet …

Generali Acquires Italy Insurer Cattolica to Boost Domestic Market Leadership

Italy’s top insurer Generali sealed its 1.17 billion euro ($1.36 billion) takeover of smaller rival Cattolica on Friday in a move aimed at cementing its domestic market leadership. On the last day of Generali’s buyout offer, investors had tendered shares …

Shreveport, Louisiana Medical Testing Supplies Distributor Sued for Race Discrimination

American Screening, LLC, a drug and medical testing supplies distributor in Shreveport, Louisiana, violated federal law when it fired a worker because of her hair, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed October 27, 2021. …

Lake Charles, Louisiana Faces Long Recovery After Series of Severe Storms

In a century-old building in a long-faded part of town, the lights go on, the curtains open and a cast of tap dancers swing into action. A year ago, it wasn’t clear if this would happen again. “We looked around …

Iowa Governor Signs Law Allowing Exemptions to COVID-19 Vaccine Mandates

Iowa Gov. Kim Reynolds on Oct. 29 signed into law a bill that allows Iowa workers to seek medical and religious exemptions from COVID-19 vaccine mandates and guarantees that those who are fired for refusing a vaccine will qualify for …

Former Michigan Contractor Sentenced in $3.8M Unemployment Insurance Fraud

A former contractor for the state of Michigan has been sentenced to nearly five years in prison for helping orchestrate a $3.8 million fraud scheme involving money intended to help unemployed people during the coronavirus pandemic. A U.S. District Court …

Some Florida Agents Caught Off-Guard by Boom in Solar Power

Florida may be known as the Sunshine State, but some insurance agents say they’ve been unprepared for the recent boom in rooftop solar power installations across the state, installations that can affect coverage, premiums and even home sales. “We kind …

J&J Spends $800M to Settle Most Risperdal Lawsuits

Johnson & Johnson said it has settled most of the lawsuits it faced by thousands of men who claimed its anti-psychotic drug Risperdal caused them to develop excessive breast tissue and disclosed that it recorded $800 million in expenses in …

Report Sounds Alarm Over Workers With Long-Term COVID-19 Symptoms

About 10% of people who contracted COVID-19 continue to suffer persistent symptoms months later, creating the potential for millions of people to suffer functional impairment for extended lengths of time, according to a report released by the National Council on …