Members of the billionaire Sackler family that own Purdue Pharma LP are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win over holdouts, according to people familiar with the offer. The …
The U.S. Senate on Thursday approved a bill that would ban companies from forcing employees who allege sexual assault or harassment to settle their claims with an arbiter without the option of filing a lawsuit. The bill, which the House …
Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer. Hamilton Select Insurance Inc. is domiciled in Delaware and joins Hamilton’s existing operating subsidiaries Hamilton Re, Ltd. …
FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based Buoyant Ventures with San Francisco-based fund Munich Re Ventures also …
BRUSSELS – Alphabet unit Google on Friday became the target of an antitrust complaint by the European Publishers Council over its digital advertising business, which could potentially strengthen EU antitrust chief Margrethe Vestager’s investigation into the issue. Google made $147 …
Greenlight Re Innovations (GRI), part of Greenlight Capital Re Ltd., has announced an investment in insurtech startup Redkik Inc., a cargo insurance administration and analytics platform. Cargo insurance policies have traditionally been written on an annual basis and priced based …
A strain of avian flu that can cause high mortality rates among birds has been confirmed at a commercial turkey farm in southern Indiana, federal and state agencies said Feb. 9. The United States Department of Agriculture said its Animal …
AXA announced it has completed the sale of its Singapore operations to HSBC for US$529 million. HSBC Insurance (Asia Pacific) Holdings Ltd., an indirect wholly-owned subsidiary of HSBC Holdings plc, completed the acquisition of 100% of the issued share capital …
The U.S. Securities and Exchange Commission has fined a Bettendorf, Iowa insurance agent nearly $112,000 for selling unregistered securities tied to oil wells in Texas. The agency said in filings that Cody Christopher Biggs, 39, was not registered to sell …
McGriff Adds Mike Feighl as Commercial Marketing Account Executive McGriff has hired Mike Feighl as a senior vice president and marketing executive in its Houston-based Commercial Division. Feighl comes to McGriff from Wortham Insurance & Risk Management, where he served …
