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Court Says Federal Law Preempts, Tosses New York Suit Over Amazon Worker Safety

A New York state appeals court on Tuesday dismissed state Attorney General Letitia James’ lawsuit accusing Amazon.com Inc. of failing to adequately protect thousands of workers at two New York City facilities against COVID-19. The Appellate Division in Manhattan said …

Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle

Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the outcome of U.S. regulatory investigations into a multibillion-dollar trading debacle at its funds arm. The collapse of a $15 billion …

Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven’s Viridium: Sources

Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium Group, the latest transaction in a busy corner of financial dealmaking, people familiar with the matter said. The portfolio includes …

Aircraft Lessors Begin ‘Vigorous’ Pursuit of Insurance Claims for Seized Jets in Russia

Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims while maintaining discreet contact with some customers after Moscow blocked the jets from leaving. The loss of over …

Face-Scanner Clearview Agrees to Limits in Court Settlement

Facial recognition startup Clearview AI has agreed to restrict the use of its massive collection of face images to settle allegations that it collected people’s photos without their consent. The company in a legal filing Monday agreed to permanently stop …

Biden Administration Asks U.S. Supreme Court to Shun Bayer Weedkiller Appeal

President Joe Biden’s administration on Tuesday asked the U.S. Supreme Court not to hear Bayer’s bid to dismiss claims by customers who contend that its Roundup weedkiller causes cancer, as the company seeks to avoid potentially billions of dollars in …

Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’

For the first time in more than a decade, workers’ compensation claims frequency, outside of COVID-19 illness claims, increased in the United States last year. But not to worry, the trend won’t last, and the workers’ comp industry continues to …

Two Barges Break Free in Flooding, Float Down the Potomac

WILLIAMSPORT, Md. (AP) — Two construction barges broke free from their moorings amid flooding on the Potomac River over the weekend and floated downstream before being snagged by underwater materials, a National Park Service official said. The larger barge carrying …

People Moves: Dohrmann in California Promotes Jensen; SAIF Names Graneto Vice President

Dohrmann Insurance promoted Brian Jensen to vice president in employee benefits. Jensen will be responsible for managing the operations and account management team of the division. Jensen has 15 years of experience in the insurance industry, with 10 of those …

$11.4M Jury Award Prompts Oregon Resort to Change Bike Policy

Mt. Hood Skibowl in Oregon will keep cyclists off its forested trails this summer after losing a lawsuit from a man who said he slammed into a signpost and was paralyzed from the waist down. A Multnomah County jury awarded …

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