Business Insurance - _Risk Management
|Tipster on Ericsson won SEC’s largest whistleblower award of $279M
The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday.
POSTED MAY 26, 2023 1:28 PM
|VW, Audi agree to $85M diesel settlement in principle with Texas
Volkswagen and its Audi unit have agreed to an $85 million settlement in principle over violations of Texas environmental laws stemming from its diesel cheating scandal, Texas Attorney General Ken Paxton said on Thursday.
POSTED MAY 26, 2023 1:22 PM
|Pharma maker not obligated to pay commissions to broker
A pharmaceutical manufacturer is not obligated to pay commissions on life and disability policies to a broker that is no longer its broker of record, a federal appeals court said Thursday, in affirming a lower court ruling.
POSTED MAY 26, 2023 12:43 PM
|Business Insurance reveals US Insurance Awards finalists
Business Insurance on Friday announced the finalists for the 2023 U.S. Insurance Awards program.
POSTED MAY 26, 2023 11:10 AM
|The BI Top 10: Week of May 22
Details on reorganizations, executive hires and broker litigation were among the most-read stories this week.
POSTED MAY 26, 2023 9:41 AM
News Archives - Insurance Journal
|State Farm to Cease Accepting New Applications for Business and Personal Lines P/C in California
An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and higher construction costs. The American Property …
POSTED MAY 28, 2023 1:12 AM
|Midwest States Consider Relaxing Child Labor Laws to Address Worker Shortages
MADISON, Wis. (AP) – Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol in bars and restaurants as young as 14. The …
POSTED MAY 26, 2023 4:37 PM
|New Orleans TV Station Airs MMA Partner’s Admissions During Staff Meeting
A New Orleans television station broadcast an audio recording of a founding partner of the McClenny Moseley & Associates law firm admitting that his law firm used a roofing company and a marketing firm to sign on clients. 4WWL’s Eyewitness …
POSTED MAY 26, 2023 4:19 PM
|Fatal Blaze at Texas Refinery to Result in Lawsuits Against Oil Refiner Marathon
HOUSTON – Attorneys representing the family of a worker who was killed in a fire at a Texas City, Texas, refinery and another worker who was hospitalized said on Wednesday they have filed or would soon file injury claims against …
POSTED MAY 26, 2023 4:03 PM
|Florida DFS Charges Claims Adjuster with Submitting $24,000 in Fraudulent Auto Claims
Florida investigators have charged a former Progressive Insurance claims adjuster with fraud, alleging that she used claimants’ identities to submit fraudulent auto claims, then pocketed almost $24,000 in settlements. Kiyuana R. Pasley, 41, of Homestead, was an adjuster at Progressive …
POSTED MAY 26, 2023 4:03 PM