Purdue Pharma Squares Off With DOJ Over $6 Billion OxyContin Deal April 29, 2022 By Jeremy Hill A $6 billion deal hangs in the balance as OxyContin maker Purdue Pharma LP and its wealthy owners square off...
Musk Loses Bid to End SEC Agreement on Oversight of Tesla Tweets April 29, 2022 By Tom Hals A U.S. judge slammed Elon Musk for trying to escape a settlement with regulators requiring oversight of his Tesla Inc....
TPA’s Quick Denials of First Responders’ Workers’ Comp Claims Draw Penalty April 29, 2022 By Jim Sams A workers’ compensation insurer must pay $100,000 under an agreement with Vermont state regulators because its claims administrator gave short...
SEC Sues Brazilian Miner Vale Over ‘False and Misleading’ Claims About Safety of Dams April 29, 2022 By Chris Prentice The U.S. Securities and Exchange Commission (SEC) on Thursday sued Brazilian miner Vale for allegedly making false and misleading disclosures...
Generali’s CEO Survives Leadership Challenge, but Rebels Take Board Seats April 29, 2022 By Valentina Za and Gianluca Semeraro Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from rebel domestic...
Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire April 29, 2022 By L.S. Howard AXIS Capital Holding’s chief executive officer would not comment on reports that the company is looking to sell its reinsurance...
People Moves: AXA Reappoints Buberl as CEO; Gosset-Grainville Named Chair April 29, 2022 Thomas Buberl has been reappointed as AXA’s chief executive officer, while Antoine Gosset-Grainville has been name chairman of the board...
Markets/Coverages: QBE N.A. Starts Specialty Casualty; Ryan Specialty, Harleysville Team Up; Coalition, Vantage Capacity Partners; Joyn Expands Offerings April 29, 2022 QBE North America launches Specialty Casualty business QBE North America today announced the launch of a Specialty Casualty business as...
Russia May Be Forced to Cannibalize Half Its Planes for Spare Parts: Kommersant April 29, 2022 By Bloomberg News Russia may be forced to ground between half and two-thirds of its commercial aircraft by 2025 in order to cannibalize...
EasyJet Cancels Leases on Russia-Owned Jets in Rare Sanctions Anomaly April 29, 2022 By Siddharth Philip EasyJet Plc terminated rental contracts on six Airbus SE jets owned by a Russian state leasing company in a rare...