Pharmaceutical company Allergan Finance LLC will pay $200 million to New York state and two of its counties as part of an agreement that removes it from an ongoing state lawsuit over the opioid crisis, state Attorney General Letitia James …
The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. Potential buyers take out insurance to protect against issues such …
A California jury found that Bayer’s Roundup weedkiller was not the cause of a woman’s non-Hodgkin’s lymphoma, Bayer said on Thursday, delivering the chemical giant its second trial victory over claims the popular herbicide causes cancer. The jury in San …
The U.S. Securities and Exchange Commission’s chairman said on Thursday the regulator is considering toughening rules around how underwriters, boards of directors and sponsors of Special Purpose Acquisition Companies (SPAC) structure fees, issue projections and disclose conflicts. SEC chief Gary …
Volkswagen AG’s U.S. unit will pay $3.5 million to resolve a lawsuit by the state of Illinois against the German automaker for updates of emissions software arising from the 2015 diesel cheating scandal. Last month, the U.S. Supreme Court rejected …
Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and small and medium-sized enterprise (SME) clients. The services include cyber risk assessments, phishing simulations and learning programs, designed to help …
Swiss Re announced it has agreed to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new business. Financial details of the transaction were …
Stonetrust Workers’ Compensation is now writing workers’ compensation coverage in Kansas effective January 1, 2022. Stonetrust is headquartered in Baton Rouge, Louisiana and is now operating in ten states including Louisiana, Texas, Oklahoma, Arkansas, Mississippi, Nebraska, Missouri, and Tennessee in …
Stonetrust Workers’ Compensation Insurance announced that it is expanding into the Alabama market, starting Jan. 1. Stonetrust is headquartered in Baton Rouge, Louisiana, and operates in 10 states, including Louisiana, Texas, Oklahoma, Arkansas, Mississippi, Nebraska, Missouri, and Tennessee, and now, …
Carrabba’s Italian Grill, a nationwide chain, and a restaurant staffing firm must pay $690,000 to settle a sexual harassment lawsuit, the U.S. Equal Employment Opportunity Commission announced. The federal agency said that Carrabba’s and OS Restaurant Services violated federal civil …
