Wells Fargo to Pay $1 Billion in Class-Action Lawsuit May 16, 2023 By Robert Burnson Wells Fargo & Co. agreed to pay $1 billion to settle a shareholder lawsuit that accused it of making misleading...
Tests Clear Recalled Philips Sleep Apnea Machines of Health Risks: Company May 16, 2023 Dutch medical devices maker Philips said on Tuesday that independent tests have shown that the use of its respiratory devices...
Cyber Attack Disrupts Philadelphia Inquirer May 16, 2023 The Philadelphia Inquirer experienced the most significant disruption to its operations in 27 years due to what the newspaper calls...
Broadway Theaters, Insurer Agree to End COVID-19 Business Loss Claims May 16, 2023 By Andrew G. Simpson An owner of Broadway theaters and Pacific Indemnity Insurance Co. have voluntarily agreed to end their remaining litigation over COVID-19...
Chemicals Company Agrees to $75K Settlement Over Hazardous Pollutants at Louisiana Plant May 16, 2023 The U.S. Environmental Protection Agency (EPA) recently announced a settlement with Evonik Corporation that will reduce emissions of ethylene oxide...
Massachusetts AG Reports $6.15M Settlement With CVS Over Workers’ Comp Drugs May 16, 2023 Massachusetts Attorney General Andrea Joy Campbell’s office reports it has reached a $6.15 million settlement with CVS Pharmacy, Inc. to...
Howden to Restructure Business Under Single Global Management Structure May 16, 2023 Howden, the global insurance group, announces today that it will unify its structure under a single global executive, with insurance...
Louisiana Dept. of Insurance: $92M in Payouts Collected in 2022 May 16, 2023 Louisiana Commissioner Jim Donelon announced the Louisiana Department of Insurance (LDI) helped consumers collect over $92.3 million in payouts in...
Arthur J. Gallagher & Co. Acquires Australia’s Mavco Insurance Group May 16, 2023 Arthur J. Gallagher & Co. announced the acquisition of Perth, Western Australia-based Mavco Insurance Group. Terms of the transaction were...
Hong Kong’s FWD Weighs Pre-IPO Round as Listings Slow: Sources May 16, 2023 By Manuel Baigorri FWD Group Holdings Ltd. is weighing a private funding round as the Asian insurer’s long-planned initial public offering is set...