Industry News

Added: September 17, 2019, 10:53 am
When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick. Their strategy: Use multiple fake orders to manipulate the prices of precious metals futures. The maneuver, adopted by …
Added: September 17, 2019, 12:00 am
Sapa Extrusions purchased 28 insurance policies from eight carriers, but not one of them would reimburse the manufacturer for the cost of a settlement it paid after being sued for shoddy workmanship. A federal appellate court, however, has cleared the …
Added: September 16, 2019, 11:46 am
The workers’ compensation market apparently needs to do some catching up where it concerns technology. “Historically we’ve been really slow to adapt to technology and innovation,” said Shaun Jackson, executive director of risk management at Panda Restaurant Group. Jackson was …
Added: September 16, 2019, 11:36 am
Insurers of a fire-damaged Philadelphia refinery have indicated they would make a $50 million initial advance payment in connection with a June blaze that led to the plant’s closure, court documents showed. The infusion of funds would buy cash-strapped Philadelphia …
Added: September 16, 2019, 11:24 am
MCLEAN’S TOWN, Bahamas — Jeffrey Roberts lifted a mustard-yellow curtain from the ground to hunt for passports and other documents at the place where his family’s home stood before Hurricane Dorian blasted into Grand Bahama Island. What was underneath was …
Added: September 16, 2019, 11:17 am
NEW YORK — The U.S. government has refined how it is measuring an outbreak of breathing illnesses in people who vape, now counting only cases that are most closely linked to electronic cigarette use. Health officials on Thursday said 380 …
Added: September 16, 2019, 10:57 am
Purdue Pharma LP filed for bankruptcy with a more than $10 billion plan to settle claims that it fueled the U.S. opioid epidemic by illegally pushing sales of its addictive OxyContin painkiller. The Chapter 11 filing on Sunday in White …
Added: September 16, 2019, 12:00 am
As Boeing Co sets its sights on winning approval to fly its 737 MAX within weeks, following a six-month safety ban, engineers around the world are rolling out plans for one of the biggest logistical operations in civil aviation history. …
Added: September 16, 2019, 12:00 am
Insurance retailers are teaming up with tech wizards to sell cybersecurity along with cyber coverage as a means of trimming premiums and winning over customers in a vastly underserved market: small and mid-sized businesses. Coalition, a San Francisco managing general …
Added: September 13, 2019, 10:53 am
Global health regulators sounded a coordinated alarm about the possibility that a stomach drug taken by millions of people could be tainted with the same cancer-causing agent that has sparked a worldwide recall of blood-pressure pills. Drug-safety officials in the …

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