28 02, 2023

Research Shows Low-Volume/High-Cost Meds in California Workers’ Comp

By | February 28th, 2023|Uncategorized|Comments Off on Research Shows Low-Volume/High-Cost Meds in California Workers’ Comp

New research on low-volume/high-cost drugs used to treat injured workers in California spotlights a handful of anti-inflammatory and anticonvulsant medications that have become significant cost drivers despite accounting for a relatively small share of the prescriptions within their therapeutic drug …

28 02, 2023

Maryland Among States Mulling Ending Child Sexual Abuse Lawsuit Time Limits

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Adults who testified they were sexually abused as children urged Maryland lawmakers last week to end the state’s statute of limitations for when civil lawsuits can be filed against institutions related to child sexual abuse. Dr. Frank Schindler, who testified …

28 02, 2023

Baddour Reappointed to NC Industrial Commission; Clement Named President of Alabama Agency

By | February 28th, 2023|Uncategorized|Comments Off on Baddour Reappointed to NC Industrial Commission; Clement Named President of Alabama Agency

North Carolina Gov. Roy Cooper has appointed Philip Baddour to a second six-year term as a full commissioner at the North Carolina Industrial Commission, which handles workers’ compensation claims disputes. If approved by the state General Assembly, his new term …

28 02, 2023

Federal Appeals Court in NC Says Undercover Filming of Animal Farms is Protected Speech

By | February 28th, 2023|Uncategorized|Comments Off on Federal Appeals Court in NC Says Undercover Filming of Animal Farms is Protected Speech

In a decision that animal rights advocates are calling a big win over big agricultural interests, a federal appeals court last week struck down part of a North Carolina law, declaring that it violated the constitutional guarantee of free speech. …

28 02, 2023

Tesla, Musk sued by shareholders over self-driving safety claims

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Tesla Inc. and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles’ Autopilot and Full Self-Driving technologies. In a proposed class action filed in San …

28 02, 2023

Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus

By | February 28th, 2023|Uncategorized|Comments Off on Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus

This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal, which cover the insurance industry’s startups and innovators. Trium Cyber is the industry’s first Lloyd’s-approved company to provide mono-line cyber …

28 02, 2023

Cyber Official Urges Microsoft, Twitter to Boost Security

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A senior US cybersecurity official described adoption of some of Microsoft Corp. and Twitter Inc.’s security protocols as “disappointing” as part of a broadside against large technology companies’ approach to protecting user accounts. Jen Easterly, director of the Cybersecurity and …

28 02, 2023

Reinsurance Recap: 2022 Results Mixed as Market Improves

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Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market full of challenges—ranging from inflation to the Ukraine war to growing losses from natural catastrophes. A wrap-up of these 2022 …

28 02, 2023

AXA Sells Stake in Monte dei Paschi After Providing Cash Call Support

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AXA said on Monday it was selling virtually all of the 8% stake in Monte dei Paschi di Siena acquired when it invested into a make-or-break new share issue at the state-owned Italian bank. AXA paid 200 million euros in …

28 02, 2023

Hong Kong’s FWD Group Raises $1.8 Billion in Private Placements Over Past 2 Years

By | February 28th, 2023|Uncategorized|Comments Off on Hong Kong’s FWD Group Raises $1.8 Billion in Private Placements Over Past 2 Years

FWD Group Holdings Ltd. raised a total of $1.8 billion in private placements over the past two years, as the pan-Asian insurance company owned by Hong Kong billionaire Richard Li moves a step closer to its planned initial public offering. …