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News – Insurance Journal
China Opens Financial Sector to Increased Foreign Investment
China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or control entities including wealth …
POSTED JULY 22, 2019 9:22 AM |
Ryan Specialty Group Opens Barcelona Office, Focusing on Transactional Risk Business
Ryan Specialty Group announced it will open an office in Barcelona as the next step in the evolution of the company’s transactional risk business, expanding both geographically and by product offering. This office will be led by Luc Joordens and …
POSTED JULY 22, 2019 9:09 AM |
French Bank Natixis Denies Reports of Takeover Talks for Credit Insurance Unit Coface
French bank Natixis said on Monday that it was not in talks over a possible takeover offer for Coface, the credit insurance subsidiary in which Natixis has a stake of around 41.7%. “Natixis states that, as previously indicated, its investment …
POSTED JULY 22, 2019 8:37 AM |
Method Insurance Brings Specialty Workers’ Comp Program to Illinois
Method Insurance Service is expanding and offering its specialty workers’ compensation program for underserved high-hazard, debit mod, mid-market risks in Illinois. Method is a program administrator for Service American Indemnity Company and now offers workers’ comp in 16 states focused …
POSTED JULY 22, 2019 6:11 AM |
Kentucky Supreme Court Rules Police Can Be Sued Over Deadly Car Chases
The Kentucky Supreme Court has ruled that police can be sued for damages when their car chases lead to the death or injury of third parties. The Lexington Herald-Leader reports the court’s 6-1 ruling last month overturned a 1952 decision …
POSTED JULY 22, 2019 5:18 AM |
North Carolina Zoo Worker Killed During Rescue Drill
Officials at the North Carolina Zoo say a worker was killed after falling from a tree during a rescue drill. News outlets report the state Department of Labor says the zoo worker was an arborist participating in the aerial drill …
POSTED JULY 22, 2019 5:13 AM |
Report: Florida Pill Mills Helped Fuel Opioid Crisis
Florida survives on tourism, but a decade ago thousands of visitors made frequent trips to the state not to visit its theme parks or beaches. Instead, they came for cheap and easy prescription painkillers sold at unscrupulous walk-in clinics. For …
POSTED JULY 22, 2019 5:04 AM |
Google to Pay $11 Million to Settle Age Bias Employment Claims
Google agreed to pay $11 million to end a lawsuit accusing the internet giant of discriminating against older job applicants, a deal that amounts to an average payout of more than $35,000 for 227 people who joined the class action. …
POSTED JULY 22, 2019 5:00 AM |
Chamber Legal Study Says Private Suits Over Privacy Don’t Help Consumers
Statutes allowing plaintiff lawyers to enforce privacy laws through private rights of action are clogging courts and provide no real benefit to consumers, a report from the U.S. Chamber of Commerce’s Institute for Legal Reform (ILR) claims. By contrast, privacy-related …
POSTED JULY 22, 2019 5:00 AM |
Senate Vows to Vote This Week on Sept. 11 Victims Fund
The Senate will vote Tuesday on a bipartisan bill to ensure a victims’ compensation fund related to the Sept. 11 attacks never runs out of money, Senate Majority Leader Mitch McConnell said Thursday. The announcement came after Democratic Sens. Kirsten …
POSTED JULY 22, 2019 5:00 AM |
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