INSURANCE NEWS
New Hampshire to Offer Mobile Driver’s Licenses
New Hampshire residents will soon be able to carry an electronic version of their driver’s license in their cell phones or other devices, although they will still have to also keep a physical license on their person while driving. Legislation …
Howden Re Names Elliot Richardson Executive Chair as Rod Fox Steps Down
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, announced that Rod Fox is stepping down as executive chairman and is leaving the business. He is succeeded by Elliot Richardson, who steps into the role with …
Severe Heatwave Grips Europe – Spurring Health Alerts, Raising Risk of Field Fires
More than a thousand schools were closed in France on Tuesday and the top floor of the Eiffel Tower was shut to tourists as a severe heatwave continued to grip Europe, triggering health alerts across the region. The Mediterranean Sea …
‘Bomb Cyclone’ Pummels Sydney With Heavy Rains, Winds
A “bomb cyclone” has lashed Australia’s most populous state with heavy rain and strong winds, forcing airlines to cancel domestic flights and prompting evacuation warnings in coastal communities. Authorities on Tuesday warned that parts of New South Wales could also …
BNP Paribas Completes Acquisition of AXA’s Asset Management Unit
BNP Paribas SA has finalized its purchase of AXA SA’s investment unit, creating one of Europe’s largest asset managers. The newly formed business will have more than €1.5 trillion ($1.8 trillion) in assets under management, according to a release from …
India’s Sigachi Factory Fire Death Toll Rises to 39; Cause Still Unknown
HYDERABAD, India –– The death toll from the explosion and fire at Sigachi Industries’ chemical factory in southern India has risen to at least 39, officials said on Tuesday, forcing the supplier of pharma products to shut operations for 90 …
China Enlists Commercial Insurers in Bid to Boost Local Biotechs
China wants commercial insurance firms to invest in the development of homegrown medicines, Beijing’s latest bid to support its burgeoning biotech and pharmaceutical sector. Commercial insurers have been encouraged to set up investment funds to provide long-term financing and “patience …
Aviva’s £3.7 Billion Direct Line Deal Gets UK Regulator’s Nod
Aviva Plc’s plan to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($5.09 billion) to create the UK’s largest motor insurer has been given the nod from the country’s competition regulator. The Competition and Markets Authority said in …
Supreme Court Seeks Justice Department Views on Bayer’s Roundup Appeal
The U.S. Supreme Court asked President Donald Trump’s administration on Monday for its views on Bayer’s bid to sharply limit lawsuits claiming that the company’s Roundup weedkiller causes cancer and potentially avert billions of dollars in damages. Bayer has asked …
Insurance Fraud Charges Dropped for Former Alabama Congressional Aide
A former aide to an Alabama congressman, previously sentenced for health care fraud, has been cleared of insurance fraud and other charges related to claims made on her mother’s car in 2022. Sherry McCormick, who was a case worker and …
Apple Loses Bid to Dismiss Justice Department Antitrust Suit
Apple Inc. lost its bid to throw out an antitrust case brought by the US Justice Department and a group of state attorneys general on Monday, a victory for the aggressive posture taken during the Biden administration and carried on …
Cal/OSHA Regulations Extended to Domestic Workers Starting July 1
Domestic workers employed by companies in California are now covered by state workplace safety and health laws under a new law that took effect today. Previously workplace safety and health laws did not cover individuals performing household domestic work. Starting …