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News – Insurance Journal
Supreme Court Sends Merck Warning Label Case Back to Lower Court
The U.S. Supreme Court on Monday gave Merck & Co. a new opportunity to avoid lawsuits accusing the company of failing to properly warn patients of debilitating thigh-bone fractures from taking its osteoporosis drug Fosamax, throwing out a lower court …
POSTED MAY 21, 2019 1:37 PM |
Facing Complaints, McDonald’s Outlines New Anti-Harassment Policy
McDonald’s Corp., in the face of criticism for its handling of harassment complaints, said it’s training workers to deal with the issue and is starting a hotline for victims. In a letter responding to an inquiry from U.S. Senator Tammy …
POSTED MAY 21, 2019 1:31 PM |
New York Firefighters Seek Insurance Payments for Ambulance Funding
Firefighters from around New York state are asking state lawmakers to change the law so fire departments can recoup the cost of emergency medical calls from patient insurance plans. Under current law, volunteer ambulance corps and private ambulance companies can …
POSTED MAY 21, 2019 1:16 PM |
Kaufman Dolowich & Voluck Hires Stroili in New York City
Kaufman Dolowich & Voluck LLP (KDV), a national law firm, has hired Peter A. Stroili as an insurance coverage partner in its New York City office. Stroili has 30 years of experience in insurance coverage, professional liability and directors and …
POSTED MAY 21, 2019 1:08 PM |
Massachusetts Restaurant Customers Warned of Potential Hepatitis Exposure
Massachusetts health officials say a seafood restaurant worker has tested positive for hepatitis A and are warning customers they may have been exposed to the disease. The state Department of Public Health and local health officials are urging customers who …
POSTED MAY 21, 2019 1:04 PM |
Arthur J. Gallagher Buys Minority Stake in India’s Edelweiss Insurance Brokers
Arthur J. Gallagher & Co. announced it has purchased a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a wholly owned subsidiary of Edelweiss Group, the Indian diversified financial services conglomerate. The deal is subject to approval by the Insurance …
POSTED MAY 21, 2019 11:30 AM |
Sompo International Taps Pützer from Amlin as Head of Financial Lines in Germany
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that Udo Pützer has joined the company’s European insurance platform as head of Financial Lines Insurance in Germany. Pützer is based in the company’s Düsseldorf office …
POSTED MAY 21, 2019 9:49 AM |
China’s Ant Financial Provides Health Coverage to 65 Million Clients for Pennies a Month
Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show –- with 50 workers and visions of serving 300 million customers. Ma’s Ant …
POSTED MAY 21, 2019 9:02 AM |
Nigeria Raises Insurers’ Minimum Capital Requirement
Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the sector’s risk management. Existing companies must comply by June next year, while it is effective immediately for the issue of …
POSTED MAY 21, 2019 8:40 AM |
Vale’s Gongo Soco Mine Tailings Dam Faces 10%-15% Risk of Collapse: Brazil Official
Brazilian miner Vale‘s tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state’s environment secretary said on Monday. The dam at Vale‘s Gongo Soco mine is about 40 …
POSTED MAY 21, 2019 8:36 AM |
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