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Judge: Minor Leaguers Work Year-Round, MLB Violated Wage Law

A federal judge ruled that minor leaguers are year-round employees who work during training time and found Major League Baseball violated Arizona state minimum wage law and is liable for triple damages. Chief Magistrate Judge Joseph C. Spero in San …

U.S. to See ‘Meaningful’ Autonomous Vehicle Policy in 2020s: Buttigieg

U.S. Transportation Secretary Pete Buttigieg on March 16 said federal policy on autonomous vehicles will undergo “meaningful” developments in the coming years, saying policy frameworks had not fully caught up with technological developments. Speaking at the South by Southwest music, …

Georgia Bill Granting Comp Benefits for Mental Stress for Responders Dies

A plan to make mental stress a compensable condition for Georgia’s first responders never made it out of committee in the Georgia General Assembly. House Bill 855, sponsored by Rep. Gregg Kennard and others, would have made emergency workers who …

Alnylam Files Patent Infringement Lawsuits Against Pfizer, Moderna

Alnylam Pharmaceuticals Inc. on March 17 filed lawsuits in Delaware federal court against Pfizer Inc. and Moderna Inc., claiming their multibillion-dollar mRNA COVID-19 vaccines infringe one its patents. Alnylam said it was seeking damages over the use of lipid nanoparticle …

People Moves: AXA XL Promotes Europe Managers; WTW Names Bassi for Insurance Consulting & Tech; Sedgwick Appoints Horrocks UK Head of Fraud Tech, Intelligence

This edition of International People Moves details appointments at AXA XL, Willis Towers Watson and Sedgwick. A summary of these new hires follows here. AXA XL Promotes 2 Regional Managers in Europe AXA XL announced the appointments of Peter Knaus …

CNN Ex-Host Chris Cuomo Seeks $125 Million, Alleging Wrongful Termination

Former CNN primetime host Chris Cuomo filed a request for arbitration on Wednesday, seeking $125 million in damages for alleged wrongful termination. The network fired Cuomo in December, following an inquiry into his efforts to help his brother, former New …

Thailand Regulator Orders 2 Non-Life Insurers to Stop Accepting New Clients

Thailand’s insurance regulator ordered Southeast Insurance Pcl and Thai Insurance Pcl to stop taking new clients and sell some assets after their capital fell below the legally required levels. The non-life units of Thai Group Holdings must boost their balance …

Consumers Risk Losing All Their Crypto Investments, EU Regulators Warn

Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on Thursday. “Consumers face the very real possibility of losing all their …

Oman Insurance Co. Receives Nod to Underwrite via Lloyd’s Syndicate-in-a-Box

Oman Insurance Co. (OIC) and Asta, the third-party managing agent at Lloyd’s, announced that OIC’s syndicate 2880 has received Lloyd’s approval to commence underwriting. Syndicate 2880 was launched under the syndicate-in-a-box (SIAB) initiative and the syndicate will operate on the …

Burn the Client or Burn the Carbon? Insurer AXA Grapples With Clean Energy Transition.

The glass tower in Paris where AXA SA, one of the world’s largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged feeling extends inside, too, …

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