News Archives - Insurance Journal

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30 11, 2022

Sunshine Insurance Begins Taking Investor Orders for $950 Million IPO

By | November 30th, 2022|Uncategorized|Comments Off on Sunshine Insurance Begins Taking Investor Orders for $950 Million IPO

Chinese insurer Sunshine Insurance Group Co. is seeking to raise as much as HK$7.4 billion ($950 million) in its Hong Kong initial public offering. Beijing-based Sunshine Insurance started taking investor orders for about 1.15 billion new shares on Wednesday, according …

7 11, 2022

COP27 Kicks Off With Deal to Discuss Compensating Poor Nations for Global Warming

By | November 7th, 2022|Uncategorized|Comments Off on COP27 Kicks Off With Deal to Discuss Compensating Poor Nations for Global Warming

Delegates from nearly 200 countries kicked off the U.N. climate summit in Egypt on Sunday with an agreement to discuss compensating poor nations for mounting damage linked to global warming, placing the controversial topic on the agenda for the first …

30 11, 2022

Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5

By | November 30th, 2022|Uncategorized|Comments Off on Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine. The plan is meant to punish Russia while at the same time …

7 11, 2022

Ford to Pay $115K Over Pregnancy Discrimination Case at Illinois Plant

By | November 7th, 2022|Uncategorized|Comments Off on Ford to Pay $115K Over Pregnancy Discrimination Case at Illinois Plant

Automaker Ford Motor Company will pay $115,000 and furnish other relief to settle a pregnancy discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, Ford violated federal law when …

30 11, 2022

Cyber Attackers Cripple IT Systems of Prominent Indian Hospital

By | November 30th, 2022|Uncategorized|Comments Off on Cyber Attackers Cripple IT Systems of Prominent Indian Hospital

Cyber attackers have crippled systems at one of India’s most prominent hospitals for a week, forcing the institution to operate a raft of key medical services and labs manually. The All India Institute of Medical Sciences — a hospital that’s …

7 11, 2022

Oil & Gas Operator Agrees to $1.5M Settlement Over Clean Air Act Violations

By | November 7th, 2022|Uncategorized|Comments Off on Oil & Gas Operator Agrees to $1.5M Settlement Over Clean Air Act Violations

The United States Department of Justice announced that Utica Resource Operating LLC (URO) has agreed to a settlement resolving alleged Clean Air Act violations at URO’s oil and gas production well facilities in Ohio. The settlement addresses URO’s failure to …

23 11, 2022

Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest

By | November 23rd, 2022|Uncategorized|Comments Off on Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest

The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Envest Pty Ltd., an Australian insurance investment and distribution business. Headquartered in Brisbane, Queensland, Envest operates with a diverse portfolio of brands and a national …

23 11, 2022

Is Britain Starting to Have Second Thoughts About Brexit?

By | November 23rd, 2022|Uncategorized|Comments Off on Is Britain Starting to Have Second Thoughts About Brexit?

Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living crisis and …

4 11, 2022

Drug Manufacturer Teva to Pay $523M to New York in Opioid Settlement

By | November 4th, 2022|Uncategorized|Comments Off on Drug Manufacturer Teva to Pay $523M to New York in Opioid Settlement

Teva Pharmaceutical Industries Lts. will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the U.S. opioid epidemic. The settlement with New York adds an additional $300 …

23 11, 2022

Widow Asks $55M From NCAA for Football Player’s Death

By | November 23rd, 2022|Uncategorized|Comments Off on Widow Asks $55M From NCAA for Football Player’s Death

Attorneys asked a jury Monday to award $55 million to the widow of a former USC football player, in a landmark case accusing the NCAA of failing to protect him from repetitive head trauma that led to his death. Matthew …