Insurance
Allianz Seeks to Buy Back Europe’s Biggest Old-School Bond
Insurance giant Allianz SE is looking to replace the biggest bond remaining under Europe’s old regulatory regime as it taps the market for new issues early on this year. The Munich-based insurer priced a new €1 billion junior note on …
Read More Japan Airlines Counts Losses From Wrecked Tokyo Plane
Japan Airlines on Thursday said it expected losses of more than $100 million after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo’s Haneda airport this week. All 379 people on board …
Read More SpaceX Illegally Fired Workers Critical of Elon Musk, US Labor Agency Says
Rocket and satellite maker SpaceX on Wednesday was accused by a U.S. labor agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a “distraction and embarrassment.” A regional official with the National Labor …
Read More Florida Labor Supplier Sentenced to 12 Months for Tax, WC Insurance Fraud
The head of a Tampa-area labor supplier has been sentenced to 12 months in prison after she pleaded guilty to defrauding the IRS and workers’ compensation insurers out of millions of dollars. A federal judge in Tampa last week ordered …
Read More Florida Bill Would Require Option of Policies That Cover Only Unpaid Mortgage Amount
Ahead of Florida’s 2024 legislative session that begins Jan. 9, at least a dozen bills have been filed that could have an impact on the state’s insureds and insurers. It’s a sign that lawmakers are under renewed pressure to take …
Read More Was Man Who Fell to Death in Train Station a Passenger or Trespasser? Court Wants to Know.
The federal circuit appeals court for the District of Columbia (D.C.) has asked D.C’s highest court for guidance on the standard of negligence in a case involving a noticeably intoxicated man who died after falling from a train platform into …
Read More Massachusetts Hospital Still Recovering From Christmas Cyber Incident
A cyber incident that reportedly began on December 24 disrupted the electronic medical records system and caused a Massachusetts hospital to send ambulances to other hospitals on Christmas day. Anna Jaques Hospital in Newburyport told WCVB-TV that it was again …
Read More ‘Severe Violator’ Ohio Contractor Agrees to $730K OSHA Settlement
The U.S. Department of Labor has reached a settlement agreement to resolve litigation following a March 2022 investigation at a work site in Wheeling that resulted in a dozen citations issued against an Ohio-based contractor with an extensive history of …
Read More Insurer AIG Leads Policy for Japan Airlines Plane Involved in Runway Collision: Sources
U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport, two insurance industry sources said on Wednesday. AIG declined to comment. All 379 …
Read More Former MMA Attorney Suspended; Texas Judge Approves Temporary Restraining Order Against Law Firm
A former attorney for McClenny Moseley & Associates, who was accused of dishonesty while participating in his law firm’s filing of hundreds of hurricane-damage lawsuits, agreed last month to a nine-month suspension of his law license in a settlement with …
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