CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits over its role in the nation’s opioid crisis, Delaware’s highest court ruled on Monday. The Delaware Supreme Court concluded that governments, hospitals, doctors …
CVS Not Covered by Insurance for Opioid Lawsuits, Delaware Supreme Court Rules Read More »
A judge on Monday fined Qantas Airways 90 million Australian dollars ($59 million) for illegally firing more than 1,800 ground staff at the start of the COVID-19 pandemic. The penalty is in addition to the A$120 million ($78 million) in …
Qantas Airways Fined $59M for Illegal Pandemic Layoffs Read More »
Global specialty insurer Markel Insurance reported that it has completed the sale of the renewal rights for its $1.2 billion global reinsurance business to Nationwide. This transaction was previously announced on July 30 and is part of what Markel cites …
Markel Insurance Completes Sale of Reinsurance Renewal Rights to Nationwide Read More »
Inigo Ltd., the Lloyd’s specialty insurer, has launched a product that provides top-up cover on financial fraud policies. The product, called Inigo Crime Excess, is an excess DIC/DIL (difference in conditions and difference in limits) policy designed to sit excess …
Markets/Coverages: Inigo Provides Excess DIC/DIL Cover on Financial Fraud Policies Read More »
Mumbai is facing more heavy rain after a deluge that’s delayed flights, disrupted train services and closed schools, with India’s weather agency issuing its highest warning for the financial hub. Intense rain spells and wind gusts as high as 65 …
Mumbai Drenched by More Rain as Highest Alert Issued for City Read More »
Investigators with the North Carolina Department of Insurance last week charged a man with swindling almost $1 million and attempting to gain another $887,500 from travel insurance companies from 2020 to 2024. Michael Gerard Renna, 50, of Clayton, near Raleigh, …
North Carolina Man Charged With More Than $1M in Travel Insurance Fraud Read More »
Newsmax Media has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the 2020 election against U.S. President Donald Trump, it said on Monday. …
For decades, Miles “Burt” Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village …
Insurance Agent Earned Town’s Trust. But Officials Say He Ran a $95M Ponzi Scheme. Read More »
The city of Portland, Oregon, is set to pay $3.75 million to the estate of an unarmed man who was shot and killed by police in 2022 after being mistaken for an armed robbery suspect. The city settled with Immanueal …
$3.75M to Estate of Unarmed Man Fatally Shot by Oregon Police Read More »
A federal judge last Thursday struck down two Trump administration actions aimed at eliminating diversity, equity and inclusion programs at the nation’s schools and universities. In her ruling, U.S. District Judge Stephanie Gallagher in Maryland found that the Education Department …
Judge Strikes Down Trump Guidance Against DEI at Schools and Colleges Read More »
