J&J to Pay $700 Million to Settle States’ Talc-Marketing Probe January 8, 2024 By Jef Feeley Johnson & Johnson has tentatively agreed to pay about $700 million to resolve an investigation by more than 40 US...
Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership January 8, 2024 Specialty MGA Rokstone of the Aventum Group announced a significant enhancement to its North American marine operations. Allianz Commercial has...
China Broker TIAN RUIXIANG Agrees to Buy Hong Kong’s Peak Consulting Services January 8, 2024 TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a...
Customer Sues Dunkin Donuts Over ‘Exploding’ Toilet in Florida January 8, 2024 By Staff and Wire Reports ORLANDO, Fla. (AP) — A customer has filed a negligence lawsuit against Dunkin`, claiming he was injured by an exploding...
Majesco Acquires Decision Research Corp. Insurance Software Business January 8, 2024 Majesco, a cloud insurance software provider for the insurance business, announced it has acquired the Decision Research Corporation (DRC) business....
Cohen Vows to Appeal Denial of Retaliatory Imprisonment Liability Claim Against Trump January 8, 2024 By Larry Neumeister Michael Cohen can’t hold his former boss, ex-president Donald Trump, liable because he was jailed for what he claimed was...
Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform January 8, 2024 Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London...
Russia Oil Tankers Are Doing Strange Things Since Ramp Up of US Sanctions January 8, 2024 By Sherry Su and Julian Lee There are growing signs that Russia’s oil flows might be facing disruption in the aftermath of a ramp up in...
Gallagher Acquires German Specialty Broker Köberich Financial Lines January 8, 2024 Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed. Köberich specializes in D&O insurance,...
Hong Kong Employees Demand 6% Raise to Work in Office Full Time January 8, 2024 By Shawna Kwan Hong Kong workers say they would need a 6% raise to give up hybrid work arrangements, a dilemma that’s expected...