January 10, 2019
More than 40 state attorneys general have announced a $1.5 million settlement with The Neiman Marcus Group LLC over a data breach the Dallas-based retailer disclosed in January 2014. The breach exposed customer credit card data at 77 Neiman Marcus …
January 10, 2019
U.S. airport security workers and air traffic controllers working without pay have been warning that security and safety could be compromised if the government shutdown continues, but the Trump administration said on Wednesday that staffing is adequate and travelers have …
January 10, 2019
The former chief executive of Insys Therapeutics Inc. pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness. Michael Babich, who resigned as …
January 10, 2019
Fiat Chrysler Automobiles NV will pay more than $700 million to resolve lawsuits from the U.S. Justice Department and diesel owners over claims it used illegal software to allow 104,000 diesel vehicles to emit excess emissions, three people briefed on …
January 9, 2019
More than half of people who take medical cannabis for chronic pain say they’ve driven under the influence of cannabis within two hours of using it, at least once in the last six months, according to a new study. One …
January 9, 2019
The Landy Agency of Needham, Mass., has launched a new crime program with Great American Insurance Group that offers low minimum premiums and a focus on small to medium‐sized businesses. Coverage is admitted in all states and provided by Great …
January 9, 2019
Liberty Mutual has once again directly tapped capital markets’ reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 million of collateralized reinsurance capacity for Liberty’s U.S. property catastrophe program, as well as its …
January 9, 2019
U.S. Supreme Court justices on Monday appeared sympathetic to Merck & Co. in its bid to fend off hundreds of lawsuits accusing the company of failing to adequately warn patients of the risks of thigh bone fractures associated with its …
January 9, 2019
AmTrust Financial Services announced leadership changes as it moves forward now as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals, according to the company. AmTrust Financial Services Inc. (AFSI) …
January 9, 2019
The U.S. Supreme Court’s newest member, Brett Kavanaugh, issued his first written opinion on Tuesday as the justices in a unanimous ruling bolstered companies’ ability to use arbitration to resolve disputes with customers or other businesses. The court decided 9-0 …