Major European Power Cable Suppliers Face UK Class Action Over Alleged Cartel May 11, 2022 By Kirstin Ridley Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages...
Court Says Federal Law Preempts, Tosses New York Suit Over Amazon Worker Safety May 11, 2022 By Jonathan Stempel A New York state appeals court on Tuesday dismissed state Attorney General Letitia James’ lawsuit accusing Amazon.com Inc. of failing...
Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle May 11, 2022 By Tom Sims and Alexander Hübner Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the...
Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven’s Viridium: Sources May 11, 2022 By Jan-Henrik Förster, Aaron Kirchfeld and Eyk Henning Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium...
Aircraft Lessors Begin ‘Vigorous’ Pursuit of Insurance Claims for Seized Jets in Russia May 11, 2022 By Padraic Halpin, Conor Humphries and Tim Hepher Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of...
Face-Scanner Clearview Agrees to Limits in Court Settlement May 11, 2022 By Kathleen Foody Facial recognition startup Clearview AI has agreed to restrict the use of its massive collection of face images to settle...
Biden Administration Asks U.S. Supreme Court to Shun Bayer Weedkiller Appeal May 11, 2022 By Lawrence Hurley and Ludwig Burger President Joe Biden’s administration on Tuesday asked the U.S. Supreme Court not to hear Bayer’s bid to dismiss claims by...
Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’ May 11, 2022 By William Rabb For the first time in more than a decade, workers’ compensation claims frequency, outside of COVID-19 illness claims, increased in...
Two Barges Break Free in Flooding, Float Down the Potomac May 11, 2022 WILLIAMSPORT, Md. (AP) — Two construction barges broke free from their moorings amid flooding on the Potomac River over the...
People Moves: Dohrmann in California Promotes Jensen; SAIF Names Graneto Vice President May 11, 2022 Dohrmann Insurance promoted Brian Jensen to vice president in employee benefits. Jensen will be responsible for managing the operations and...