Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in North America, the company’s chief executive said financial lines offset growth. AIG’s third quarter underwriting income within its General Insurance …
A conservative group that lost a challenge to Nasdaq’s board diversity disclosure rule appealed the decision on Wednesday, requesting a full court review and saying that the rule discriminates based on race and sex. The rule approved by the U.S. …
While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking Ahead Guide for 2023, those fears have been replaced with a number of others among D&O insurers. Economic challenges such …
Members of the board of directors of insurtech Hippo were on the receiving end of an open letter from a “concerned shareholder group,” yesterday, urging board actions to preserve the value of a company that has faced financial difficulties recently. …
Walgreens Boots Alliance Inc. has agreed to pay $44 million to settle class action claims by consumers who received flawed blood tests in Arizona and California through the pharmacy chain’s partnership with Theranos Inc. The proposed settlement, which needs court …
Go back just a few years to 2019-2020, when cannabis stocks started to really hit the market in the United States and Canada. Everyone was jumping in. It was the green rush, but in retrospect, a few of those public …
Before the US Supreme Court did away with affirmative action in college admissions, corporate America was bracing itself for attacks on its diversity, equity and inclusion efforts. They have begun — and there will likely be more to come. This …
Drugmaker Mallinckrodt said Wednesday it expects to file for a second bankruptcy in the coming days, after reaching a debt reduction deal that would cut $1 billion from the amount it owes to victims of the opioid crisis. The agreement …
A U.S. judge on Friday dismissed as frivolous a conservative activist investor’s lawsuit against Starbucks’ board for the coffee chain‘s diversity, equity and inclusion policies. The National Center for Public Policy Research (NCPPR) sued in August 2022 over Starbucks’ setting …
Teva Pharmaceutical Industries Ltd has agreed to pay up to $126 million to U.S. hospitals over 18 years to settle claims that its marketing of opioid drugs raised the hospitals’ operating costs. As part of the proposed settlement, disclosed in …
