Purdue Pharma Judge Overrules DOJ to Approve $6 Billion Opioid Settlement March 10, 2022 By Dietrich Knauth and Tom Hals The judge overseeing Purdue Pharma’s bankruptcy on Wednesday approved a $6 billion opioid settlement funded by its Sackler family owners,...
New Jersey City Votes to Halt Licenses of Gas Stations Tied to Russia’s Lukoil March 10, 2022 By Brendan O'Brien Reflecting growing animosity across the United States toward Russia after its invasion of Ukraine, lawmakers in New Jersey’s largest city...
Mosaic to Buy Sirius Int’l Lloyd’s Managing Agency; SiriusPoint to Be Mosaic Investor March 10, 2022 Mosaic Insurance has entered into an agreement to purchase the Lloyd’s managing agency of SiriusPoint as part of a transaction...
Tesla, Other Car Makers Have Edge Over Incumbent Auto Insurers: Moody’s March 10, 2022 By Susanne Sclafane Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact...
Update: Marsh McLennan to Exit Businesses in Russia; Aon Suspends Operations March 10, 2022 Marsh McLennan, the world’s largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while...
Progress Slows on Path to Gender Parity in the Board Room March 10, 2022 By Stan Choe Almost extinct are the days when only men sat on U.S. corporate boards. But the speed at which boards have...
AM Best Downgrades Outlook for Florida Family Insurance Companies March 10, 2022 The AM Best rating firm has downgraded the credit rating and the outlook for Florida Family Insurance and its subsidiary,...
People Moves: AXA XL Names Bewlay Chief Exec Reinsurance, Replacing Cooper; Marsh Promotes 3 for Affinity; Hartford Hires Generali’s Mather to Lead Int’l Financial Lines March 10, 2022 This edition of International People Moves details appointments at AXA XL, Marsh and The Hartford. A summary of these new...
California Spraying Company Found Liable for Pesticide Drifts March 10, 2022 A Northern California pesticide spraying company was negligent on at least five occasions its helicopter pilots allowed the toxic chemicals...
Appeals Court Rules Protesters Can Sue Over Vegas Arrests March 10, 2022 A federal appeals court ruled that a Las Vegas police detective can be sued for arresting protesters who chalked anti-police...