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Archive: March 2023

Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices
Insurance Journal | March 30, 2023
Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices
Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. “I think we can at least …
Arkansas Sues TikTok, Meta Over Child Safety, Privacy Claims
Insurance Journal | March 30, 2023
Arkansas Sues TikTok, Meta Over Child Safety, Privacy Claims
LITTLE ROCK, Ark. (AP) – The state of Arkansas sued TikTok and Facebook parent Meta on Tuesday, claiming the social media companies were misleading consumers about the safety of children on their platforms and protections of users’ private data. The …
Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses
Insurance Journal | March 30, 2023
Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses
The Philippines is readying an insurance plan that will protect the Southeast Asian nation from infrastructure losses caused by natural disasters, seeking to better respond to climate change risks. The government will put in place a national indemnity insurance program …
At Trial, Minnesota Says Juul Targets Kids
Insurance Journal | March 30, 2023
At Trial, Minnesota Says Juul Targets Kids
MINNEAPOLIS (AP) – Minnesota Attorney General Keith Ellison personally opened his state’s case against Juul Labs on Tuesday, accusing the e-cigarette maker of using “slick products, clever ads and attractive flavors” to hook children on nicotine as the first of …
BHP Group Seeks to Delay $44B Brazil Dam Court Case in London
Insurance Journal | March 30, 2023
BHP Group Seeks to Delay $44B Brazil Dam Court Case in London
Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst environmental disaster as it needs more time to prepare, the company’s lawyers said on Wednesday. The world’s biggest miner by …
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
Insurance Journal | March 30, 2023
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she wants to retrain as a Baptist pastor. …
Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure
Insurance Journal | March 30, 2023
Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure
The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve supervisors and other regulators, the banking system’s top cop on Wednesday told U.S. lawmakers demanding answers for the lender’s swift collapse. “I think that any …
Ex-Tesla Worker Testifies That Race Bias Made Him ‘Feel Less Than a Man’
Insurance Journal | March 30, 2023
Ex-Tesla Worker Testifies That Race Bias Made Him ‘Feel Less Than a Man’
A Black former elevator operator at Tesla Inc’s TSLA.O flagship California assembly plant became emotional testifying at a trial on Wednesday about the psychological toll exacted on him by a torrent of racial slurs, threats and other workplace incidents. The …
Toxic Connection Not Proven, Appeals Court Finds in Florida Cancer Suit vs. Raytheon
Insurance Journal | March 30, 2023
Toxic Connection Not Proven, Appeals Court Finds in Florida Cancer Suit vs. Raytheon
In closely watched and widely publicized toxic-tort litigation that has percolated through the courts for more than a decade, federal appeals judges this week underscored the strict standard that expert witnesses are held to when plaintiffs argue that pollution causes …
Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe
Insurance Journal | March 30, 2023
Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe
A judge ruled that BNSF Railway intentionally violated the terms of an easement agreement with the Swinomish Indian Tribal Community in Washington by running 100-car trains carrying crude oil over the reservation. The ruling in the civil case comes after …