Insurance
Markets/Coverages: Mosaic Offers $25M in Liability Protection for Asset Managers
Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of specialized financial institutions products, offering $25 million in investment management insurance (IMI), blended with cyber and other coverage for asset managers, funds, and associated directors. The global company’s new …
Read More Catholic News Site to Pay $500K to New Hampshire Priest in Defamation Case
A far-right, unofficial Catholic media website has agreed to pay $500,000 to a New Hampshire priest who sued for defamation over a 2019 article that it now disavows. The website also is planning to shut down soon, the priest’s attorney …
Read More Russia Oil Fleet Shifts Away From Liberia, Marshall Island Flags as Sanctions Ramp Up
Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews …
Read More Bayer Notches More Wins in Roundup Weedkiller Cancer Trials
Bayer on Tuesday said it won a trial in a lawsuit brought by a retired postal service worker in Pennsylvania who alleged he developed non-Hodgkins lymphoma from using the company’s Roundup weedkiller. In addition to the jury verdict in the …
Read More NC Appeals Court Gives Green Light to Liquidation of Lindberg Insurance Firms
Former North Carolina insurance and business mogul Greg Lindberg has lost an appeal on whether one of his companies can delay the liquidation of two of his troubled life insurance carriers. North Carolina Insurance Mike Causey said the March 5 …
Read More Cal/OSHA Increases Civil Penalty Amounts for 2024
California’s Division of Occupational Safety and Health recently increased penalties for certain violations, with some maximum penalties planned to rise as much as $4,983 this year, a smaller increase than in the past. This annual Cal/OSHA increase is required by …
Read More S&P Says Flooding Events for California Cities and Counties May Result in Long-Term Credit Risks
California’s high rainfall in 2023 is continuing into 2024 but has yet to have a material effect on credit quality for cities and counties rated by S&P Global Ratings, however the longer-term effects on issuers could be more significant, the …
Read More US Trade Groups Sue Over Biden Rule on ‘Gig’ Work, Contracting
Major U.S. business groups on Tuesday filed the latest lawsuit challenging a Biden administration rule that would make it more difficult for companies to treat some workers as independent contractors rather than employees. The groups including the U.S. Chamber of …
Read More Lloyd’s Hits 35% Female Leadership Target, Says it Has a ‘Way to Go’
Lloyd’s of London has hit a short-term target of filling 35% of leadership roles with women, although less than half of firms in the commercial insurance market had hit the mark, it said on Tuesday. Lloyd’s said it needed to …
Read More SpaceX Bid to Keep Labor Suit in Texas Denied by 5th Circuit
SpaceX’s bid to keep its lawsuit against the US National Labor Relations Board in Texas was denied by a federal appeals court, a setback for Elon Musk’s aerospace company in its battle against the agency. The aerospace company sued the …
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