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Oklahoma Attorney General Joins Suit Over Health Vaccine Mandate

Oklahoma is among 12 state attorneys general filing a federal lawsuit over the Biden administration’s COVID-19 vaccine mandates for health care workers. Attorney General John O’Connor said Nov. 16 that Oklahoma has a shortage of nurses as it was, and …

India’s Paytm Tumbles in Market Debut, as Investors Question Lack of Profits

MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO. Despite fears that Paytm’s market …

Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects

Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an investor day presentation that sought to burnish its green credentials. It also committed to a full phase-out of thermal coal …

P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021

Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year. A total of 63.6 million shares were sold for …

Former Montana Women’s Basketball Coach Sues for Discrimination

Former Montana women’s basketball coach Shannon Schweyen has sued the university in federal court, alleging she was the victim of sexual discrimination during her employment and when her contract was not renewed. Her lawsuit, filed in Missoula, alleges she received …

Aspen Institute Report Calls for Regulation, Local Media to Fight Internet Misinformation

Misinformation is jeopardizing efforts to solve some of humanity’s greatest challenges, be it climate change, COVID-19 or political polarization, according to a new report from the Aspen Institute that’s backed by prominent voices in media and cybersecurity. Recommendations in the …

People Moves: Alliant Names Johnson Managing Director in Oregon; XPT Adds Mansfield in Washington

Alliant Insurance Services named Peter Johnson executive vice president and managing director. Johnson is based in Portland, Ore., and will focus on providing strategic risk management solutions for agribusiness clients across the country. Johnson has 28 years of experience in …

P/C Insurers’ Increased Reliance on Reinsurance Portends Premium Hikes

American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming. “This year we’re …

Archdiocese of New Orleans to Pay More Than $1 Million Over Katrina False Claims

The Roman Catholic Archdiocese of New Orleans has agreed to pay more than $1 million to resolve allegations that it violated the False Claims Act by knowingly submitting false claims for payment to the Federal Emergency Management Agency for the …

Idaho Lawmakers Advancing Vaccine Workers’ Comp Legislation

A bill making it easier for Idaho residents to get workers’ compensation if they become ill after taking an employee-mandated vaccine sailed through the House and headed for the Senate this week. The measure passed the House on a 67-3 …

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