(Reuters) — Allianz SE reported Friday that its fourth-quarter net profit nearly doubled from the year-earlier period, helped by its life and health insurance business, especially in the United States and Italy. Net profit attributable to shareholders rose to €2.151 billion Read More …
Auto parts maker cited after worker suffers injuries from explosion
The U.S. Occupational Safety and Health Administration said Thursday it cited a Georgia auto parts manufacturer after a worker suffered severe injuries in an electrical transformer explosion in August 2023. OSHA cited Columbus-based Aludyne Columbus LLC, which operates as Aludyne Read More …
Barclays must face US shareholder lawsuit over $17.7B debt sale blunder
(Reuters) — A U.S. judge said Barclays must face part of a proposed class action by shareholders over the British bank’s sale of $17.7 billion more debt than regulators had allowed. U.S. District Judge Katherine Polk Failla in Manhattan said shareholders Read More …
Appeals court reverses Superfund cleanup contribution ruling
A divided Oregon appeals court Thursday ruled a CNA Financial Corp. unit cannot seek contributions from other insurers for defense costs arising from disputes over the cleanup of the Portland Harbor Superfund site, saying a separate settlement barred its claim. Read More …
Ex-guard cannot collect double disability benefits: Court
A federal appellate court ruled Thursday that a former prison guard wasn’t permitted to collect workers compensation disability benefits from Washington, D.C., while simultaneously collecting federal retirement disability benefits. The District of Columbia Court of Appeals vacated a judge’s order Read More …
Insurer cannot be reimbursed for settlement, defense costs
The 1st U.S. Circuit Court of Appeals in Boston Thursday reversed a ruling allowing an insurer to recover the costs of settling and defending a personal injury suit, finding the trial court judge’s decision contradicted Massachusetts law. A unanimous three-judge Read More …
Highway to the courtroom
Utah lawmakers aim to put all police injuries under presumption
Lawmakers in Utah on Thursday introduced a bill that would place all injuries incurred during police work under presumption. H.B. 368 states that “(i)f a law enforcement officer is injured while engaging in duties as a law enforcement officer pursuant Read More …
Opposition to Medicaid Expansion Thaws in an Unexpected Place: The Deep South
For more than a decade, some Southern states have resisted Medicaid expansion under the Affordable Care Act, even though data suggest it could help their residents. Today, the large majority of uninsured Americans who would gain coverage under Medicaid expansion Read More …
Lockton CEO exits company | Business Insurance
Peter Clune has stepped down as CEO of Lockton Cos. LLC and will be replaced by Ron Lockton, son of the brokerage’s late founder, Lockton announced Friday. Ron Lockton, currently executive chairman, previously served as CEO of the company. Mr. Read More …