Insurance
Philips Shares Decline After Reports It Responded Late to Apnea Warnings
Royal Philips NV shares continued their decline after news reports claimed the Dutch company was slow to act on complaints about its machines designed to treat sleep apnea. Philips Respironics first received complaints about its CPAP machines and ventilators in …
Read More Allianz’s CFO to Take Top Job at Generali: Italian Media
Allianz’s Chief Financial Officer Giulio Terzariol is set to leave his post at the German group to take a top job at Italy’s biggest insurer Assicurazioni Generali, two Italian newspapers reported on Friday. Dailies la Repubblica and La Stampa reported …
Read More Tesla Sued by US Agency Over Alleged Harassment of Black Factory Workers
A U.S. civil rights agency sued Tesla Inc. on Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, California, assembly plant, in charges similar to cases brought by the state and by Tesla …
Read More Plaintiffs’ Attorney Cites ‘Experimental Vehicles’ in Tesla Trial Over Autopilot Fatality
The lawyer representing victims of a fatal crash of a Tesla Model 3 car in his opening statement in court on Thursday blamed the company’s Autopilot driver assistant system, saying that “a car company should never sell consumers experimental vehicles.” …
Read More PE Company Bain Capital Weighs Deal for Advent’s CCC Insurance Software
Bain Capital is weighing a deal for CCC Intelligent Solutions Holdings Inc., the car-insurance software provider controlled by Advent International, according to people familiar with the matter. Bain is among suitors that have expressed interest in acquiring the Chicago-based company, …
Read More DFS: Florida Claims Adjuster Arrested in $11M Scheme that Sent Checks to Conspirators
Additional arrests are expected after a 41-year-old south Florida claims adjuster was charged this week in an elaborate scheme that allegedly rang up more than $11 million in fraudulent insurance payments to hundreds of co-conspirators. Florida’s Department of Financial Services …
Read More INSHUR Partners with Uber on Insurance Products for On-Demand Livery Drivers in Arizona
On-demand insurance platform INSHUR launched its insurance offering for on-demand livery drivers in Arizona, its second state in the U.S. following New York. This comes after the company’s acquisition of American Business Insurance Services in April. The launch in Arizona …
Read More Judge Dismisses Charges Against Philadelphia Officer in Fatal Traffic Stop Shooting
A judge dismissed murder and other charges this week against a Philadelphia police officer who shot and killed a driver through a rolled-up driver’s side window, agreeing with defense attorneys who said the officer could have feared for his life …
Read More New Jersey Supreme Court Weighs COVID-Related insurance Claims by Casino
New Jersey`s Supreme Court is expected to consider whether an Atlantic City casino can get payouts from business interruption insurance for losses during the COVID-19 outbreak, potentially providing guidance for policyholders nationwide regarding the scope of coverage for pandemic-related losses. …
Read More Information Security Issue Stalls Federal Probe of Fatal Pennsylvania Chocolate Factory Blast
After months of discussion, federal safety officials and the Pennsylvania Public Utilities Commission (PUC) remain at odds over release of documents that the National Transportation Safety Board says it needs for a building explosion investigation but PUC says it cannot …
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