INSURANCE NEWS
Australia Regulator Questions Benefits of ANZ’s $3.3B Suncorp Buyout
Australia’s competition regulator said it was unconvinced a planned A$4.9 billion ($3.32 billion) buyout by Australia and New Zealand Banking Group Ltd. of a smaller rival would bring public benefits, in a blow to one of the year’s biggest deals. …
German Insurers Renew Cover for Blast-Damaged Nord Stream 1 Gas Pipeline
German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources with knowledge of the matter said, indicating that its revival has not been ruled out after an alleged sabotage attack. …
Dollar General Targeted for Systemic Work Hazards
Dollar General Corp.’s stores are as ubiquitous in small-town America as Starbucks cafes in cities and suburbia. And just like the coffee giant, it’s facing increasing criticism over worker treatment that could disrupt one of the retail industry’s most successful …
Kansas Lawmakers Move to Help Survivors Pursue Child Sex Abuse Claims
TOPEKA, Kan. (AP) – Abuse survivors and advocates who’ve pushed for legislation making it easier in Kansas to prosecute abusers and file lawsuits decades later have achieved a breakthrough in the Legislature, where the proposal is advancing quickly. The bill …
Bayer Defeats Merck in Lawsuit Over Talc Liabilities
A Delaware judge on Monday dismissed Merck & Co’s lawsuit seeking to hold Bayer AG responsible for more talc-related liabilities stemming from its $14.2 billion purchase of Merck’s consumer care business in 2014. Vice Chancellor Nathan Cook of the Delaware …
Jury Orders Tesla to Pay $3.2M to Ex-Worker in Race Bias Case
A federal jury in San Francisco on Monday ordered Tesla Inc. to pay about $3.2 million to a Black former employee after the electric-vehicle maker was found to have failed to prevent severe racial harassment at its flagship assembly plant …
NHC Report Ranks Ian as Costliest Florida Hurricane, Shows Forecasting, Storm Surge
The National Hurricane Center’s report on Hurricane Ian, posted Monday, six months after the storm hit southwest Florida, pegs Ian as the most expensive to hit the Sunshine State, causing twice as much damage as Hurricane Andrew did 30 years …
New Mississippi Law on Pet Insurance Requires Exclusions to be Disclosed
The Mississippi insurance commissioner is reminding consumers and insurance companies that the state will soon have a pet insurance regulatory framework in place, thanks to a law signed in March by the governor. “Pet insurance may seem like a joke …
EPA Approves California Rules Phasing out Diesel Trucks
The Biden administration cleared the way for California’s plan to phase out a wide range of diesel-powered trucks, part of the state’s efforts to drastically cut planet-warming emissions and improve air quality in heavy-traffic areas like ports along the coast. …
BAN Spins Off From Alera Group, Names Braun CEO
Benefit Advisors Network (BAN), an international network of employee benefit brokers and consulting firms from across the United States and Canada – and the National Benefits Center (NBC), are spinning off from Alera Group, an independent, national insurance and wealth …
The U.S. Leads the World in Weather Catastrophes – Here’s Why
The United States is Earth’s punching bag for nasty weather. Blame geography for the U.S. getting hit by stronger, costlier, more varied and frequent extreme weather than anywhere on the planet, several experts said. Two oceans, the Gulf of Mexico, …
Residents Across South, Midwest Reel From Pack of Tornadoes That Killed 26
WYNNE, Ark. (AP) – Residents across a wide swath of the South and Midwest raced to assess the destruction wreaked by storms that dropped possibly dozens of tornadoes and killed at least 26 people in small towns and big cities. …