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...
Update: Oil Majors Should Pay $12B to Repair Damage in Nigeria: Report May 16, 2023 By William Clowes Oil companies including Shell Plc and Eni SpA should pay $12 billion to repair environmental devastation in Nigeria’s crude-rich Niger...
More States Adopting Professional Standards for Public Adjusters May 16, 2023 By Jim Sams A movement to establish professional standards for public adjusters gained ground this year, with lawmakers in five states passing bills...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21 May 16, 2023 Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, P/C insurers performed well in...
Supreme Court Rejects Teva Challenge to $235 Million GSK Award in Patent Dispute May 16, 2023 By Blake Brittain The U.S. Supreme Court on Monday declined to hear Teva Pharmaceuticals USA Inc’s challenge to a $235 million award to...
Cyclone Mocha Is One of Strongest Storms Recorded in North Indian Ocean May 16, 2023 By Brian K. Sullivan The remnants of Tropical Cyclone Mocha have moved further inland over Myanmar after coming ashore Sunday with winds of 155...