QBE Insurance Group Ltd. announced a reshaping of the senior management team with the appointments of Inder Singh as group chief financial officer, replacing Michael Ford who is leaving QBE; Peter Grewal as group chief risk officer; Liam Buckley as …
Johnson & Johnson and a talc-mining company were ordered by jurors to pay $80 million in punitive damages for hiding that their products, including J&J’s iconic baby powder, had been tainted by asbestos and posed a cancer risk. The New …
Italy’s Octo Telematics has put a planned initial public offering on hold after sanctions were imposed on controlling shareholder Renova Holdings and on Renova’s Russian chairman, Viktor Vekselberg, two sources said on Thursday. The United States imposed major sanctions last …
Tesla Inc. again placed blame for a fatal crash involving a Model X last month on the driver as the man’s family hires a firm to explore legal options. The March 23 death of Walter Huang happened on a clear …
European Union regulators urged banks, investors and customers on Thursday to take “timely action” to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain leaves the EU in March 2019 and a “standstill” transition deal until the …
A federal judge pushing for a settlement in lawsuits seeking to hold drug companies responsible for their roles in the U.S. opioid epidemic on Wednesday set an aggressive schedule that would have the first trial take place in March 2019. …
Everest Re Group Ltd. estimates it will incur $100 million of catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, largely arising from the California wildfires and related events. Everest said its original loss …
Jelf, a consultant that specializes in insurance, risk management and employee benefits, announced it has reached an agreement to acquire Clark Thomson, Scotland’s largest independent insurance broker. The transaction is expected to close in the second quarter of 2018. Terms …
North Carolina should tackle an emerging problem of water and air pollution from little-studied industrial chemicals by beefing up the state’s health and environmental agencies, Gov. Roy Cooper said Tuesday. Cooper proposed spending $14.5 million to help improve the ability …
Citizens Property Insurance Corp. has approved a slate of policy language changes designed to protect consumers while addressing rising costs of nonweather water loss claims and related litigation that continue to drive premiums higher, according to a statement from the …
