Rising Sick Days Are Costing Europe Billions Every Year December 3, 2024 By Ott Ummelas Norway, illness is becoming an increasingly trying problem. Workers take more sick days than anywhere else in Europe and absences...
British Columbia Can Mount Opioid Class Action, Canada’s Top Court Says December 2, 2024 The province of British Columbia can bring a class action lawsuit against pharmaceutical companies for opioid harms on behalf of...
Arthur J. Gallagher & Co. Acquires UK-Based Caytons Law December 2, 2024 Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired the UK-based...
China’s ByteDance Seeks $1.1M in Damages From Ex-Intern in AI Breach Case: Report December 2, 2024 China’s ByteDance is suing a former intern for $1.1 million, alleging he deliberately attacked its artificial intelligence large language model...
International Court Begins Hearings That May Shape Global Climate Litigation December 2, 2024 By Stephanie van den Berg The United Nations’ top court [this] week begins hearings on the legal obligation of countries to fight climate change and...
Private Equity Tie-Ups With Insurers Create Risks, BOE Says December 2, 2024 By Greg Ritchie, Laura Noonan and Leonard Kehnscherper Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets,...
Bank of England Finds Non-Bank Financial Firms Pose Wider Risks in Crisis Periods December 2, 2024 Non-bank financial institutions such as hedge funds remain vulnerable to a sudden financial shock and would not all be able...
Cyberattacks Cost UK Businesses £44 Billion During Past 5 Years, Howden Survey November 27, 2024 Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research...
People Moves: Coalition Taps Munich Re’s Foster as Head of London Mkts.; Hamilton Re Expands Into Credit, Bond & Political Risk Reinsurance With Lottimore Appointment November 27, 2024 This edition of International People Moves details appointments at the MGA Coalition and Hamilton Re. A summary of these new...
Aon to Purchase In-House Insurance Agency of Mitsubishi Chemical Group in Japan November 27, 2024 Insurance broker Aon plc announced it has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi...