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Japan’s Insurers Surge on Buybacks, Unwind of Cross-Holdings

Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as well as plans to sell their holdings in client companies. MS&AD, which also reported full-year guidance that exceeded …

GSK Faces Whistleblower Suit From Lab That Found Zantac Risk

GSK Plc is facing a whistleblower lawsuit that could potentially cost it billions of dollars from the laboratory that revealed the presence of a probable carcinogen in Zantac, the heartburn medication that the UK drugmaker invented and turned into a …

US to Deploy More Than $50 Million to Shield Private Hospitals From Cyberattacks

The US government is seeking to play a more active role in protecting the private health-care sector from a deluge of cyberattacks that have disrupted patient care and left providers unpaid. US health officials will unveil Monday a new program …

Georgia Statute of Limitations Not Automatically Tolled in Negligent Security Cases

Insurers covering property in Georgia could be on the hook for personal injuries occurring on the premises if the property owners and property managers do not fulfill their duty to exercise ordinary care in keeping their premises and approaches safe, …

Cal/OSHA Beefing Up Safety Enforcement to Protect Workers Against Silicosis

California’s Division of Occupational Safety and Health reports seeing growing number of silicosis cases among stone workers in California, and the agency is launching efforts to beef up its enforcement efforts. Since 2019, more than 100 California stone workers have …

Hawaii Outlines Efforts to Prevent Another Devastating Wildfire Ahead of a Dry Season

As Maui continues to recover from the deadliest U.S. wildfire in more than a century, Hawaii officials are looking at preventing another similar disaster ahead of what is expected to be a dry, fire-prone season, Gov. Josh Green said in …

Relation Insurance Acquires Brooklyn’s Elite Agency

California-based Relation Insurance Services reports it has acquired Elite Insurance Agency, Inc. on April 1, 2024. Elite, based in Brooklyn, New York. offers employee benefits, commercial insurance, and high-net-worth personal insurance, Owner Yechiel Bromberg will continue managing that office as …

Judge Rejects Former Delaware Trooper’s Discrimination Claims Against State Police

A federal judge ruled last Friday in favor of the Delaware State Police in a lawsuit filed by a former trooper who said she was subjected to years of discrimination, sexual harassment and retaliation as she rose through the ranks. …

Couple Staged Half Million Dollar Fraud Against Theater Nonprofit, Insurer Claims

Philadelphia Indemnity Insurance Co. is suing a Connecticut couple the insurer alleges defrauded its insured, a Florida theater nonprofit, by using the organization’s checking and credit card accounts for more than a half million dollars in unauthorized personal expenditures over …

Power Restored to Majority of Houston Residents Affected by Deadly Storms

HOUSTON (AP) β€” Houston area residents affected by deadly storms last week received some good news as officials said power was restored Sunday to a majority of the hundreds of thousands who had been left in the dark and without …

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