Investor Warburg Cuts Valuation of Ant Group by 15% to Below $200B: Source November 24, 2021 By Julie Zhu, Kane Wu and Nikhil Nainan HONG KONG – Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech...
Washington Paper Mill Fined $140K for Failing to Protect Workers from COVID November 24, 2021 A Cowlitz County, Washington, papermaking plant is facing nearly $140,000 in fines after one worker died and more than a...
U.S. Gunmakers Claim Mexico’s $10B Lawsuit Shows ‘Clash of National Values’ November 24, 2021 By Nate Raymond Gun makers including Smith & Wesson and Sturm, Ruger & Co. on Monday asked a U.S. judge to dismiss a...
Study: California Drops to 45th Nation in Highway Conditions November 24, 2021 A new study out ranks California’s highway system 45th in the nation in overall cost-effectiveness and condition. The Annual Highway...
Report: California Workers’ Comp Covid Claim Volume Trending Down After Summer Surge November 23, 2021 The summer surge of COVID-19 claims that hit the California workers’ compensation system in July and August appears to have...
JPMorgan Beats Insurers in Appeal Over $140M Bear Stearns Settlement November 23, 2021 By Jonathan Stempel New York’s highest court ruled on Tuesday that JPMorgan Chase & Co. is entitled to insurance coverage for $140 million...
Judge Strikes Florida Tribe’s Plan for Casinos, Sports Betting November 23, 2021 A federal judge has struck down a plan to give the Seminole Tribe of Florida a monopoly on sports betting...
People Moves: Mosaic Launches London M&A Team, Hiring From Liberty Mutual, AIG; BHSI Promotes 2 in UK; Marsh’s Dubreuil to MGA Alta Signa in Brussels November 23, 2021 This edition of International People Moves details appointments at Mosaic Insurance, Berkshire Hathaway Specialty Insurance and MGA Alta Signa Europe....
U.S. Asks Appeals Court to Lift Stay on COVID Vaccine Mandate or Allow Mask Rule November 23, 2021 By Tom Hals The U.S. government asked a federal appeals court to immediately lift a court-ordered stay on a sweeping workplace COVID-19 vaccine...
Guy Carpenter and Marsh to Combine South Africa Facultative Reinsurance Businesses November 23, 2021 Reinsurance broker Guy Carpenter and insurance broker Marsh, both businesses of Marsh McLennan, said they are combining their South Africa...