Insurance
7th Circuit: D&O Insurer Must Pay Settlement for Drugmaker’s Kickback Case
Federal Insurance Co. must pay the $10 million policy limit in a directors and officers policy issued to Astellas Pharma, despite the carrier’s assertion that Illinois public policy forbids it from reimbursing the drugmaker for the cost of settling allegations …
Read More Byron Allen Sues McDonald’s for Allegedly Lying About Commitment to Black Media
The media entrepreneur Byron Allen has filed a second lawsuit against McDonald’s Corp over the fast-food chain’s alleged refusal to advertise with Black-owned media. In a complaint filed last week in Los Angeles, Allen’s Entertainment Studios Networks Inc and Weather …
Read More Twitter Beats Disabled Worker’s Lawsuit Over Layoffs, for Now
A federal judge in California has tossed out a lawsuit accusing Twitter Inc of discriminating against workers with disabilities by requiring employees to report to the office and put in long hours working at high intensity. U.S. District Judge Haywood …
Read More Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
The rollout of the Lloyd’s Market Association’s (LMA) cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31st effective date. But there are some certainties to keep in …
Read More Light Duty or Scheme to Avoid Workers’ Comp Claim? Florida Appeals Court to Decide
Most people will be familiar with the posters at workplaces, noting the number of days since a lost-time work injury. Well, there’s a dirty little secret behind that, one that helps employers avoid higher experience modifications on their workers’ compensation …
Read More People Moves: CREST Insurance Group in Arizona Names Cannatella Vice President
Crest Insurance Group, headquartered in Scottsdale, Arizona, named Steve Cannatella as a vice president of employee benefits. Cannatella spent the last ten years at Paychex Insurance Agency as a large group health and benefits sales representative for medium and large-size …
Read More California Woman Who Sued Over Subway Tuna Seeks to Quit Case; Subway Demands Sanctions
The California woman suing Subway for claiming its tuna products contain ingredients other than tuna wants to end her lawsuit because she is pregnant, prompting Subway to demand her lawyers be sanctioned for bringing a frivolous case. Nilima Amin said …
Read More Contractor Error Blamed for Hawaii Toxic Foam Spill
An investigation found that a spill of about 1,300 gallons of fire suppressant at a fuel facility in Hawaii was caused by a maintenance contractor improperly installing an air vacuum valve, U.S. military officials said. Aqueous Film Forming Foam, which …
Read More Wildfires in Canada Force Evacuations, Cut Oil and Gas Output
Wildfires raging across western Canada forced the evacuation of 30,000 residents and cut at least 145,000 barrels a day of oil and gas production as companies shut down wells and pipelines. A total of 102 blazes were burning as of …
Read More Novidea Raises $50 Million in Series C Funding
Novidea announced it raised $50 million in Series C funding, led by Battery Ventures with participation from Cross Creek – both new investors – and the company’s existing investors, Israel Growth Partners (IGP), KT Squared, and JAL Ventures. To date, …
Read More