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UK Insurance Broker Ardonagh Weighs Refinancing $3.9 Billion Debt Pile
The Ardonagh Group is considering refinancing its entire debt stack to help finance more acquisitions, in a deal that would rank among the largest ever for private credit. The UK insurance broker is in talks with lenders about refinancing its …
POSTED DECEMBER 07, 2023 7:47 AM |
Rising War Risks Prompt Insurers to Reassess Property Cover in Geopolitical Hot Spots
Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots. Political violence cover, which businesses can take out to …
POSTED DECEMBER 07, 2023 7:33 AM |
J&J Cites ‘Progress’ Settling Baby Powder Cancer Cases
Johnson & Johnson said it’s moving forward to resolve lawsuits that claim its talc-based Baby Powder causes cancer to avoid facing some jury trials next year and further its strategy of finding a global settlement for thousands of cases. “We …
POSTED DECEMBER 07, 2023 6:35 AM |
Ex-Twitter Exec Claims in Lawsuit He Was Fired for Raising Security Concerns
A former executive at Twitter Inc, now called X Corp, has filed a lawsuit claiming he was fired after Elon Musk acquired the company for objecting to budget cuts that would prevent the company from complying with a U.S. government …
POSTED DECEMBER 07, 2023 6:25 AM |
Long Island Rail Road Employee Falsified Inspection Report Before Derailment
A former employee of the Long Island Rail Road (LIRR) pleaded guilty to falsely claiming he had inspected a part of a railway that an investigation determined was broken and contributed to a collision in Speonk, New York in 2019. …
POSTED DECEMBER 07, 2023 6:00 AM |
California Labor Commissioner’s Office Reaches $5.5M Wage Theft Settlement
The California Labor Commissioner’s Office reached a $5.5 million settlement against Adat Shalom Board and Care Inc. to compensate 148 workers who worked at the employer’s six adult care facilities in Los Angeles. The employees cared for elderly residents 24 …
POSTED DECEMBER 07, 2023 6:00 AM |
Colorado-Based Frontier Settles Suit Filed by Pilots Who Claimed Bias Over Pregnancy, Breastfeeding
Frontier Airlines has settled a lawsuit filed by female pilots who accused the airline of discriminating against pregnant or breastfeeding employees. In the agreement Frontier will let pilots pump breast milk in the cockpit during “noncritical phases” of flights. The …
POSTED DECEMBER 07, 2023 6:00 AM |
Supreme Court Ducks Hotel’s Challenge to Disability Access Tester’s Right to Sue
The U.S. Supreme Court has passed on deciding whether private citizen “testers” who search online for and then sue companies that appear to not be in compliance with federal disability regulations have standing to sue. However, the high court advised …
POSTED DECEMBER 07, 2023 6:00 AM |
Pennsylvania Forms Flood Insurance Affordability Task Force
Pennsylvania has established a task force to recommend policies to make flood insurance more affordable. The Flood Insurance Premium Assistance Task Force will examine potential programs that provide premium discounts, incentives for local governments to support flood mitigation efforts, necessary …
POSTED DECEMBER 07, 2023 6:00 AM |
People Moves: Atain Hires Delestienne as VP and Head of Binding Authority
Atain Insurance Companies, headquartered in Farmington Hills, Mich., hired Cara Delestienne as vice president and head of binding authority. Delestienne has over two decades of insurance industry experience, most recently serving as vice president operations at MacNeill Group, Inc. She …
POSTED DECEMBER 06, 2023 5:42 PM |
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