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Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports
Bayer is preparing a plan to settle some of its mass lawsuits over Roundup weedkiller in Missouri, and may also seek bankruptcy for its Monsanto unit if the effort fails, the Wall Street Journal reported, citing sources. The German pharmaceutical …
POSTED MAY 20, 2025 12:41 PM |
New England’s Shield Health Settles Data Breach Cases for $15.3 Million
Shields Health Care Group has agreed to pay $15.3 million to settle federal and state class actions filed against it by patients over a 2022 data breach. Shields operates medical imaging and surgical centers in 50 locations across the New …
POSTED MAY 20, 2025 12:35 PM |
Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings
Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in the fiscal year started April in a push to reduce strategic holdings in line with government policy. Tokio Marine Holdings …
POSTED MAY 20, 2025 11:16 AM |
People Moves: Boroughs Named Chubb Group Vice Chairman, Hogan Succeeds Boroughs as Investment Officer; Cushing Named Head of Construction at Zurich NA
Boroughs Named Vice Chairman, Chubb Group; Hogan Succeeds Boroughs as Chubb Group Chief Investment Officer Chubb Limited, with U.S. headquarters in Warren, New Jersey, named Tim Boroughs vice chairman, Chubb Group and executive chairman, asset management. Chris Hogan has been …
POSTED MAY 20, 2025 7:05 AM |
More Tornadoes Plow Through Central US, Leaving Thousands Without Power
More tornadoes plowed through the central U.S. on Monday and thousands were without power as people from Texas to Kentucky continued to clean up from days of severe weather that killed more than two dozen people and destroyed thousands of …
POSTED MAY 20, 2025 7:00 AM |
Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat
Driverless vehicle developer Aurora Innovation Inc. is putting a human back in front of the wheel of big rigs operating in Texas, reversing course less than three weeks after the company began commercial autonomous service there. The decision to move …
POSTED MAY 20, 2025 6:00 AM |
APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims
The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricanes Milton and Helene have been settled, …
POSTED MAY 20, 2025 5:26 AM |
Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million
Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million) for breaching rules designed to protect users’ personal data, the authority said on Monday. Launched in 2017, San Francisco-based startup …
POSTED MAY 20, 2025 5:16 AM |
EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears
EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm’s administrators described as disgraceful auditing, at the start of a roughly $3 billion London trial on Monday. The …
POSTED MAY 20, 2025 5:05 AM |
EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday. …
POSTED MAY 20, 2025 5:05 AM |
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