A federal judge last Wednesday granted Amazon.com a preliminary injunction to block the New York State Public Employment Relations Board from enforcing a new state law that the online retailer considers an attempt to illegally regulate private-sector labor relations. The …
Amazon Wins Injunction Against New York Law on Labor Relations Read More »
Residents of the housing complex that was engulfed in Hong Kong’s deadliest blaze in seven decades were told by authorities last year that they faced “relatively low fire risks” after complaining repeatedly about fire hazards posed by ongoing renovation works, …
Hong Kong’s Deadliest Fire in Decades Followed a Year of Safety Complaints Read More »
Australia’s AUB Group said on Monday its suitors EQT and CVC Asia Pacific had abandoned their pursuit that valued the insurance broker at A$5.25 billion ($3.44 billion), sending its shares more than 17% lower. Shares of the Sydney-based firm plunged …
PE Firms EQT, CVC Drop $3.44B Pursuit of Australian Broker AUB Group; Shares Drop Read More »
The future of insurance is sitting in today’s classrooms. We hold this truth to be self-evident: when young people gain insurance knowledge, real exposure to professional pathways, and meaningful engagement with industry professionals, the results are extraordinary. “For well over …
AM Best is revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced in mid-November. The change comes as rates soften and premium growth moderates. “Although favorable market conditions …
US E&S Outlook No Longer Positive: AM Best Read More »
A federal judge dealt a setback to customers suing Burger King over advertising for its Whopper sandwiches, saying their claims were too disparate to justify certifying a nationwide class action. The lawsuit by 19 customers in 13 U.S. states accused …
Lawsuit Over Burger King’s Whopper Ads Set Back by Federal Judge Read More »
Hardly a day goes by in Japan without news of another bear attack, but a problem that’s worrying local residents, tourists and farmers and hampering leisure-related businesses is presenting an opportunity for insurers. Tokio Marine & Nichido Fire Insurance Co. …
Deadly Bear Attacks in Japan Prompt New Products From Insurers Read More »
Reciprocal insurance exchanges have been increasingly popular in recent years, with third-party investor interest in the fee-for-service businesses that manage RIEs and waning property insurance capacity in catastrophe-prone regions supporting the resurgence. Third-party investors “are not exposed to the insurers’ …
Why Reciprocal Insurance Exchanges Are Back in Fashion Read More »
Nuclear verdicts in product liability suits are on the rise. But manufacturers and their insurance companies can take multiple steps to prevent and defend against large jury verdicts, insurance and legal experts said at a recent webinar hosted by Travelers. …
Product Liability Verdicts Are on The Rise But There Are Ways to Avoid Them Read More »
The Trump Administration’s Department of Justice, not known for its support of minorities and disabled people, announced it is investigating the company that runs SeaWorld Orlando and Busch Gardens Tampa Bay for potential violations of the Americans with Disabilities Act. …
DOJ Investigating SeaWorld, Busch Gardens Firm After Ban on Some Wheeled Walkers Read More »
