(239) 334-7727

info@benfew.com

Tag: insurance-journal

Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro
Insurance Journal | September 20, 2023
Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro
Eli Lilly & Co. is suing medical spas, wellness centers and compounding pharmacies in various US states that sell unapproved versions of its blockbuster diabetes drug Mounjaro, which is frequently used off-label for weight loss. In lawsuits Lilly said it …
US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Insurance Journal | September 20, 2023
US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according …
Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million
Insurance Journal | September 20, 2023
Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million
A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets. The amount was revised down …
Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B
Insurance Journal | September 20, 2023
Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B
Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel’s largest this year and Cato’s biggest, was led by LightSpeed …
The Legal Tensions of Collaboration and Competition in the Life Sciences Industry
Insurance Journal | September 20, 2023
The Legal Tensions of Collaboration and Competition in the Life Sciences Industry
Moderna’s suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement – and the targets’ countersuit – might suggest an abrupt return to business as usual after an unprecedented period of cooperation among life sciences companies during the height …
People Moves: Hylant Names Reyes Risk Leader and Adds NC Benefits Team Members
Insurance Journal | September 20, 2023
People Moves: Hylant Names Reyes Risk Leader and Adds NC Benefits Team Members
Hylant, one of the larger privately held insurance brokers in the country, has made a number of personnel changes in recent weeks. Alejandro Reyes will lead Ohio-based Hylant’s business risk consulting teams, which help clients manage operational risks, the company …
Assumable Mortgages Could Save Buyers Thousands in Interest, Startup Says
Insurance Journal | September 20, 2023
Assumable Mortgages Could Save Buyers Thousands in Interest, Startup Says
A New York startup company said it is now offering a platform that will make it easier for homebuyers to assume a mortgage from the seller, potentially saving buyers significantly over current interest rates. Roam, as it’s known, launched last …
People Moves: Bundy to Lead Burns & Wilcox San Diego Office
Insurance Journal | September 20, 2023
People Moves: Bundy to Lead Burns & Wilcox San Diego Office
Kendall Bundy has joined Burns & Wilcox and will lead its San Diego, Calif. office. Bundy most recently served as a vice president at RT Specialty and also worked as project manager at Fieldwork Network. Burns & Wilcox is headquartered …
Washington Proposes 4.9% Increase in Workers’ Comp Rates for 2024
Insurance Journal | September 20, 2023
Washington Proposes 4.9% Increase in Workers’ Comp Rates for 2024
The Washington State Department of Labor & Industries is proposing a 4.9% increase in the average hourly rate employers and workers will pay for workers’ compensation insurance next year. If adopted, the increase would have employers and workers jointly paying …
Class Action Claims Mobile Home Park Managers Conspired to Fix and Inflate Lot Rental Prices
Insurance Journal | September 8, 2023
Class Action Claims Mobile Home Park Managers Conspired to Fix and Inflate Lot Rental Prices
CHICAGO (AP) – A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market data provider of conspiring to fix and inflate lot rental prices at more than 150 locations across the U.S. The …