Poland to see mass flight cancelations as air traffic controllers quit
An ongoing dispute between air traffic controllers and the Polish government over salary and safe working conditions could result in mass flight cancelations in Poland from May 1 if the issues are not resolved.
Musk loses bid to end SEC agreement on oversight of Tesla tweets
A U.S. judge slammed Elon Musk on Wednesday for trying to escape a settlement with regulators requiring oversight of his Tesla Inc. tweets, saying the billionaire was “bemoaning” the 2018 deal now that he felt Tesla was “invincible.”
Walgreens, drugmakers blame others for San Francisco’s opioid crisis
Pharmacy chain Walgreens Boots Alliance and other defendants on Tuesday said they were not to blame for the opioid crisis in San Francisco, and that they acted responsibly when providing legal medications to patients in pain.
CFPB chief focuses on Big Tech influence, competition
The U.S. Consumer Financial Protection Bureau will promote competition and scrutinize the outsized influence Big Tech companies have in the marketplace, its director told the Senate Banking Committee during a hearing Tuesday.
US charges Archegos founder with fraud
Federal prosecutors have charged the owner of Archegos Capital Management Bill Hwang with racketeering and fraud as regulators said his manipulation of stock prices cost banks billions of dollars when his house of cards collapsed, according to documents released Wednesday.
WCIRB calls experience rating COVID claims a financial incentive for safety
Including the cost of claims for COVID-19 in California employers experience rating calculations should serve as a financial incentive for businesses to take appropriate and necessary steps to protect their employees, representatives from the Workers Compensation Insurance Rating Bureau said during a public hearing Tuesday.
Centene reports $849 million 1Q profit on growth of federal health plans
Centene Corp. reported nearly $850 million in first-quarter profit as membership grew by 1.9 million thanks to an increase in enrollment in Medicaid, Medicare and Affordable Care Act plans.
Report: Mississippi Blues plan’s surplus is among highest in country
Financial records show for-profit Blue Cross & Blue Shield of Mississippi has accumulated a surplus significantly larger than what regulators require to protect consumers.
Court allows provider’s antitrust suit to proceed against Humana
A U.S. District Court judge has ruled April 25 that an antitrust claim accusing insurer Humana Inc. of interfering with allergy testing company United Allergy Services contracts with doctors can proceed.
Crypto firms seek clearer US rules on their interest-bearing products
Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them, months after such an interest-bearing product drew a $100 million fine from a federal regulator and state governments.
Insurtech Coalition adds excess cyber capacity
Insurtech Coalition Inc., a managing general agent specializing in cyber risk, said Wednesday it is getting additional capacity from a unit of Bermuda-based Vantage Group Holdings Ltd. to back its U.S. excess cyber program.
Jury rules for gas company in dispute with Chubb unit
A jury in state court in New York Tuesday ruled in favor of Brooklyn Union Gas Co. in two-decades-old environmental remediation litigation against a Chubb Ltd. unit.
N.Y. could make Lyme disease an occupational illness
New York lawmakers are considering a proposal that would make Lyme disease an occupational illness under state workers compensation law.
Most employers relaxing COVID safety measures
Seventy-one percent of employers are planning to relax or lift COVID-19 workplace protocols, 83% of which are relaxing mask protocols, according to a survey released this month by the Philadelphia-based law firm Blank Rome LLP.
Lexington names Swiss Re exec senior VP of property
American International Group Inc. has hired Darrell Pippin from Swiss Re Corporate Solutions as senior vice president of property for Lexington Insurance Co., effective immediately.
Willis hires corporate risk and broking exec from Sompo
Willis Towers Watson PLC said Wednesday that Michael Chang, formerly with Sompo International Holdings Ltd., will join the brokerage later this year as head of corporate risk and broking for North America.
Global commercial insurance price increases continue to moderate
Global commercial insurance prices increased 11% in the first quarter, Marsh LLC said in its latest Global Insurance Market Index, released Wednesday.
Everest Re announces promotions
Everest Reinsurance, the reinsurance division of Everest Re Group Ltd., said Wednesday that Scott Paddington has been promoted to chief agent and chief underwriting officer of Everest Reinsurance Canada and Russ Lewis to the newly created position of chairman of Everest Reinsurance Canada.
Chubb Q1 profit declines, premiums written increase
Chubb Ltd. reported first-quarter net income of $1.97 billion, down 14.2% from $2.30 billion in the year-earlier period.
Prices rise for all major commercial lines but comp: Ivans
All major commercial lines of business saw positive first-quarter 2022 premium renewal rate changes, except workers compensation, according to a report Thursday from Ivans Insurance Services, a division of Tampa, Florida-based Applied Systems Inc.