Insurance
Indiana Steelworker Dies After Industrial Accident
A steelworker who was injured last week in an industrial accident at a northwest Indiana steel mill has died at a Chicago hospital, officials said. Michael Osika, 44, of Schererville died Saturday after being injured Thursday at the Cleveland-Cliffs Indiana …
Read More Centene to Pay Texas $165 Million in Medicaid Drug Pricing Settlement
Health insurance giant Centene Corp. has agreed to pay $165.6 million to Texas to resolve claims that it overcharged the state’s Medicaid program for pharmacy services. It’s the biggest known payout by the nation’s largest Medicaid insurer over its drug …
Read More Federal Court Rules in Favor of Texas Law on Social Media Regulation
A federal appeals court Friday ruled in favor of a Texas law targeting major social media companies like Facebook and Twitter in a victory for Republicans who accuse the platforms of censoring conservative speech. But the decision by the 5th …
Read More Fairfax-Backed Digit Insurance’s IPO Put on Hold by Indian Watchdog
Digit Insurance, a company backed by Canadian billionaire Prem Watsa’s Fairfax Group, has had a planned initial public offering (IPO) put on hold, a Securities and Exchange Board of India (SEBI) regulatory document showed on Tuesday. The IPO has been …
Read More People Moves: Distinguished Programs Names Walters to Real Estate Group; Alera Appoints McCormack as Director of Market Relations
Distinguished Programs Appoints Walters to Small Urban & Transitional Real Estate Group Distinguished Programs, a New York, New York-based national insurance program manager, has appointed Matt Walters as business development manager. His new role will support Distinguished’s builder’s risk, city …
Read More People Moves: Chubb Global Mkts Promotes Jackson as Product Head of Mgmt Liability; Pesci Rejoins WTW in EMEA Reserving; IQUW Taps Beazley’s Bell, Brown for Property
This edition of International People Moves details appointments at Chubb Global Markets, the broker WTW and the property and specialty re/insurer IQUW. A summary of these new hires follows here. Chubb Global Markets Promotes Jackson as Product Head of Mgmt …
Read More Hurricane Fiona Moves North With Up to $4B Economic Damages Estimated Already
Hurricane Fiona strengthened as it moved away from Puerto Rico and the Dominican Republic where it knocked out power and spawned flash floods and landslides from torrential rains. (Editor’s Note: This article contains was updated on Sep. 19, 5:50 p.m. …
Read More Flood Waters Receding After Storm Batters Western Alaska
Floodwaters were receding in parts of western Alaska battered by the worst storm in a half century, leaving behind debris flung by powerful Bering Sea waves into beaches and seaside communities. The remnants of Typhoon Merbok were weakening as the …
Read More Missing Woman Found After Southern California Mudslides
A woman who went missing after recent flash floods unleashed mudslides that swept through her town in the Southern California mountains has been found dead under a pile of mud, rocks and other debris, authorities said. Thunderstorms late Monday triggered …
Read More AIG Life/Retirement Unit Corebridge Valued at $13B
Shares of Corebridge Financial Inc opened 2 percent below the IPO price in their New York Stock Exchange debut on Thursday, giving the company a valuation of $13.2 billion, dimming hopes of a revival in U.S. listings as market turmoil …
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