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Generali Seeks Buyers for Tua Assicurazioni Unit

Assicurazioni Generali SpA is looking to sell Tua Assicurazioni, a unit inherited from its purchase of a smaller Italian rival, people with knowledge of the matter said. The insurer has hired advisers to sell the non-life company, which is valued …

Thefts Prompt 17 States to Urge Recall of Kia, Hyundai Cars

Attorneys general in 17 states on Thursday urged the federal government to recall millions of Kia and Hyundai cars because they are too easy to steal, a response to a sharp increase in thefts fueled by a viral social media …

Altria Faces First Trial Over Claims it Helped Market Juul to Teens

Tobacco giant Altria Group Inc is set to face trial Monday in a lawsuit by San Francisco’s public school district accusing the company of fueling a teen vaping epidemic, along with e-cigarette maker Juul Labs Inc. The San Francisco Unified …

Tesla Cleared by Jury in Autopilot Crash Suit in Los Angeles

Tesla Inc. was found by a Los Angeles jury not to be at fault following a trial over a driver’s claim that the Autopilot feature in her Model S caused her to veer into the center median of a city …

Paramount Directors Agree to $168 Million Settlement Over Merger

Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company, according to a securities filing The settlement with CBS investors was reached …

Vape Companies Suing Kinsale Insurance After Battery Coverage ‘Quietly’ Excluded

Four companies that sell vaping devices have filed a federal lawsuit against Kinsale Insurance Co., claiming the insurer dropped coverage for batteries but failed to fully inform the policyholders before denying a claim. If it goes to trial and appeal, …

Virginia Family Reaches $5M Settlement Over Park Police Shooting

The family of a northern Virginia man fatally shot by U. S. Park Police officers has reached a $5 million settlement in its civil lawsuit against the government. Two officers shot 25-year-old Bijan Ghaisar of McLean in November 2017 after …

Delaware Legalizes Recreational Marijuana Despite Governor’s Disapproval

Delaware Gov. John Carney said Friday that he will allow bills legalizing recreational marijuana use by adults in the state and authorizing the establishment of a state-licensed and regulated cannabis industry to become law without his signature. The Democratic governor’s …

World Insurance Company Pensionmark Acquiring Xponential in California

Pensionmark acquired Xponential Growth Solutions in San Diego, California. Terms of the deal were not disclosed. XGS is a retirement benefits consultant. Pensionmark is a World Insurance Associates LLC company. Pensionmark is an investment adviser.

Markets/Coverages: Marsh Launches Global Facility Backed by QBE for All Major Classes

Insurance broker Marsh announced the launch of “Fast Track,” an insurance facility that will bring a substantial amount of additional “follow form” capacity to its clients globally across major lines of business. Fast Track will be backed by a panel …

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