News

Deadly Defect Causes Takata to Issue Another Major Air Bag Recall

Takata Corp., the auto-parts supplier that went bankrupt after its air bags spurred the largest-ever recall, told U.S. safety regulators that another 1.4 million U.S. vehicles need to be repaired over a potentially deadly defect. Inflator devices Takata supplied to …

Burns & Wilcox Names Woods National Practice Group Leader in Arizona

Burns & Wilcox has named John Woods vice president, national practice group leader, transportation. He will be based in Scottsdale, Ariz. Woods focuses on establishing and growing the national transportation practice group, while supporting and offering strategic direction for associates …

Key Local Governments Opt Out of Big Opioid Class Action to Pursue Own Claims

Local governments in regions hard hit by the U.S. opioid epidemic have opted out of massive litigation taking aim at the drug industry over the crisis, potentially weakening a novel legal mechanism created to help settle thousands of lawsuits. Overall, …

Ping An’s Technology Unit OneConnect Reduces Offering in U.S. IPO

Ping An Insurance’s OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size and valuation. The unit of China’s biggest insurer by market value, Ping An Insurance …

Filing with National Labor Board Accuses Google of Retaliatory Firings

A complaint filed Tuesday accused Google of terminating staff in retaliation for activism about working conditions, the latest in a series of such allegations against the internet giant. The filing, which involves Google Ads staff, was filed with the National …

EPIC Completes Acquisition of Atlanta-Based Prime Risk Partners

EPIC Insurance Brokers & Consultants and Prime Risk Partners Inc. have officially joined forces. The transaction previously announced on October 15 has closed. Prime Risk Partners will bring insurance professionals dedicated to providing tailored coverage to help their clients manage …

United Valley Insurance Services Adds Lawrence Potter Agency in California

United Valley Insurance Services Inc. has added Lawrence Potter Insurance Agency in San Diego, Calif., as a member. Larry Potter, Managing Principal, is the sole proprietor owner of the retail agency. The agency focuses on janitorial, general contractors, lessors risk, …

After Oil Field Attacks, Saudi Aramco Seeks Terrorism Insurance from London Market

Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil company, has been looking …

RLI Transportation Launches Digital Accident Kits

RLI Transportation, a division of RLI Insurance Co., is now offerings digital accident kits for customers to report accidents. In addition to traditional accident kits, RLI Transportation insured drivers can now report an accident with any internet-compatible device. Customers can …

Chubb Makes Joyce Head of Industry Practices, Other Appointments for UK, Ireland

Chubb today announced the appointment of Louise Joyce as head of Industry Practices for the United Kingdom and Ireland. In this role, Joyce will have overall responsibility for the performance of Chubb’s Industry Practices, which comprise Life Sciences, Technology, Entertainment, …

News Archives by Month