India’s LIC Loses $17 Billion in Market Value After IPO June 14, 2022 By John Cheng and Ashutosh Joshi An eye-popping $17 billion wipeout in market value has made Life Insurance Corp. of India one of the biggest wealth...
Medical Professional Liability Insurance Market Improves but Still Unprofitable June 14, 2022 The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio...
Sterling Jewelers Reaches $125 Million Settlement in Long-Running Sex Bias Case June 14, 2022 By Patrick Dorrian Sterling Jewelers Inc. agreed to pay $125 million to roughly 68,000 female retail sales workers who sued the company 14...
Binance U.S. Exchange Sued by Crypto Investor Over Stablecoin Collapse June 14, 2022 By Luc Cohen Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed...
Florida Plaintiffs Claim Victory After Dropping Suit to Block SB 76’s Solicitation Ban June 14, 2022 By William Rabb When the Florida Legislature approved Senate Bill 76 last year, with its restrictions on homeowner solicitation by roofing contractors, insurers...
1971 Georgia Thiokol Plant Explosion That Killed 29 Now Largely Forgotten June 14, 2022 A half-century ago, an explosion ripped through a Georgia factory that made flares for use by the Army in the...
New York Faces Skeptics As It Tries to Get Gunmakers to Adopt Microstamping June 14, 2022 By Marina Villeneuve and Maysoon Khan New York is the second state to enact a law intended to force firearms manufacturers to adopt microstamping, a technology...
Safety Board Says Broken Rail Probably Caused Arizona Train Derailment June 14, 2022 A broken rail was the probable cause of a fiery freight train derailment and subsequent bridge collapse in Arizona nearly...
Arizona Wildfire Growing, Forces Evacuations June 13, 2022 By Felicia Fonseca Evacuations are in effect in parts of northern Arizona as a wildfire about 6 miles north of Flagstaff steadily grew...
ESG Fund Bosses Hit by ‘Reckoning’ as Goldman, DWS in Crosshairs June 13, 2022 By Frances Schwartzkopff One of the top legal firms advising asset managers on ESG says the industry needs to brace for a more...