Over the past month, two insurers and two brokers announced acquisitions in India and Europe. Details of these deals follow. Vienna Insurance Group Completes Purchase of Germany’s Nuernberger Vienna Insurance Group (VIG) has completed its acquisition of Nuernberger Beteiligungs AG …
More than half of pilots killed in U.S. civil aviation accidents between 2018 and 2022 tested positive for at least one drug, the U.S. National Transportation Safety Board said in a report published Thursday. Of the 984 pilots who died …
U.S. product recall activity remained elevated in the first quarter, a new report shows. Sedgwick’s latest U.S. recall report shows the volume of defective products recalled across five U.S. industries rose 27% quarter-over-quarter to 492 million units in the first …
More than 3 million New York metropolitan-area homes are vulnerable to hurricane winds, the most of any region in the country, according to a report from Cotality, a property analytics firm. Roughly 3.27 million homes in the area face moderate …
Google’s YouTube and Snap Inc. reached agreements to settle the first lawsuit headed to trial over claims that addiction to top social media platforms has disrupted learning and pushed public schools to spend massive sums fighting a mental health crisis, …
California’s workers’ compensation system continues to experience moderate but persistent cost growth due to wage increases, labor market conditions, rising medical expenses and system complexity. Payments per claim in California’s workers’ comp system have risen steadily since 2021, according to …
A massive 320-page class action complaint has the attention of the cannabis sector. The insurance professionals who underwrite it should also be paying close attention. The case, Murray et al. v. Cresco Labs Inc. et al., was filed on May …
More than 34,000 homes and businesses remain without power across PG&E Corp.’s service area after a weekend outage due in part to dry and windy conditions that raised the risk of wild fires. There were 659 outages impacting 34,322 customers …
An Illinois man who suffered severe injuries to his hand and fingers in a dog attack received a $300,000 settlement, the law firm John J. Malm & Associates said. The man attacked by two pit bulls while taking his German …
Michigan Attorney General Dana Nessel has secured a $108 million settlement with Monsanto Company (PDF), the major manufacturer of polychlorinated biphenyls (PCBs), and affiliated companies Solutia Inc. and Pharmacia LLC to address harms from PCB contamination in the State of …