News Archives - Insurance Journal

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20 09, 2023

The Legal Tensions of Collaboration and Competition in the Life Sciences Industry

By | September 20th, 2023|Uncategorized|Comments Off on The Legal Tensions of Collaboration and Competition in the Life Sciences Industry

Moderna’s suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement – and the targets’ countersuit – might suggest an abrupt return to business as usual after an unprecedented period of cooperation among life sciences companies during the height …

20 09, 2023

Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B

By | September 20th, 2023|Uncategorized|Comments Off on Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B

Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel’s largest this year and Cato’s biggest, was led by LightSpeed …

20 09, 2023

Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million

By | September 20th, 2023|Uncategorized|Comments Off on Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million

A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets. The amount was revised down …

20 09, 2023

US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report

By | September 20th, 2023|Uncategorized|Comments Off on US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report

Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according …

20 09, 2023

Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro

By | September 20th, 2023|Uncategorized|Comments Off on Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro

Eli Lilly & Co. is suing medical spas, wellness centers and compounding pharmacies in various US states that sell unapproved versions of its blockbuster diabetes drug Mounjaro, which is frequently used off-label for weight loss. In lawsuits Lilly said it …

20 09, 2023

US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules

By | September 20th, 2023|Uncategorized|Comments Off on US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules

The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking victims. On Tuesday, it released a 107-page report that it …

20 09, 2023

Google Launches Last-Ditch Effort to Overturn $2.6B EU Antitrust Fine

By | September 20th, 2023|Uncategorized|Comments Off on Google Launches Last-Ditch Effort to Overturn $2.6B EU Antitrust Fine

Alphabet’s Google on Tuesday made a last-ditch effort at Europe’s top court to overturn a 2.42 billion euro ($2.6 billion) EU antitrust fine imposed for market abuse related to its shopping service, saying that regulators failed to show that its …

20 09, 2023

United Airlines Is Latest to Discover Bogus Parts in Plane Engines

By | September 20th, 2023|Uncategorized|Comments Off on United Airlines Is Latest to Discover Bogus Parts in Plane Engines

United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have found bogus components from supplier AOG Technics Ltd. The parts were discovered in a single engine on each of two …

20 09, 2023

Virgin Australia Finds Second Bogus Jet Part With Fake Certificate

By | September 20th, 2023|Uncategorized|Comments Off on Virgin Australia Finds Second Bogus Jet Part With Fake Certificate

Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd., as the industry continues to hunt down bogus components that have spread across the global fleet. The Australian airline discovered a seal …

20 09, 2023

‘Talking Shops’ and Too Little Action Hamper City of London Reboot

By | September 20th, 2023|Uncategorized|Comments Off on ‘Talking Shops’ and Too Little Action Hamper City of London Reboot

When London’s Lord Mayor called recently for the creation of a new council to lead reform of Britain’s flagging financial services sector, a deep sense of déjà vu eclipsed the City. For many, the proposal served as a reminder of …