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Moderna shares fall after judge sides with Arbutus in patent fight
Shares of Moderna fell 4% on Wednesday after a U.S. judge issued an order that strengthened Arbutus’ arguments in a patent infringement lawsuit related to Moderna’s blockbuster COVID-19 vaccines.
Modular home manufacturer cited for 25 serious safety violations
The U.S. Occupational Safety and Health Administration said Wednesday it cited a Texas modular home manufacturer for more than two dozen safety violations following an inspection in October.
Top 10 Off Beats from March
Prince and Metallica set the stage for a high-powered Off Beats lineup for March.
Car shipper Wallenius Wilhelmsen sees up to $10M hit from Baltimore disaster
Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week’s Baltimore bridge collapse and expects the key ship channel to be closed for weeks, it said on Wednesday.
AIG sues former execs who launched E&S competitor
American International Group Inc. and a number of its subsidiaries on Tuesday sued three former executives who recently launched an excess and surplus lines holding company, saying they unlawfully used proprietary information to start the business.
Brown & Brown acquires Florida agriculture risk agencies
Brown & Brown Inc., a Daytona Beach, Florida-based commercial insurance brokerage, said Wednesday it has acquired the assets of Chapp Inc. and Citrus Insurance Services Inc., combined agencies specializing in agricultural risk placement.
Comedian’s estate likely glad this is over
The estate of the late comedian George Carlin is getting the last laugh on artificial intelligence.
Cyber board says Chinese hack of US officials was ‘preventable’
The U.S. Cyber Safety Review Board said Tuesday a targeted Chinese hack of top government officials’ emails last year was “preventable,” faulting technology giant Microsoft Corp. for its cybersecurity lapses and a deliberate lack of transparency.
Reinsurance pricing favorable at April 1 renewals: Aon
Pricing was favorable for U.S. insurers renewing reinsurance coverages on April 1, as some took the opportunity to purchase significantly higher limits amid adequate capacity, according to a report released Wednesday by Aon PLC.
Alabama bill seeks to make private insurance a comp middleman
Alabama lawmakers on Tuesday introduced a bill that would permit medical care providers to first bill an injured worker’s health insurer for costs related to care and seek reimbursement from an employer’s workers compensation insurer if a claim is accepted.
Louisiana lawmakers double down on comp fee schedule for state
With two bills introduced on one day and for the second time this legislative season Louisiana lawmakers are proposing the creation of a medical fee schedule to set parameters for workers compensation costs for injured workers.
CCR Re’s net income grows by over 33%
Strong earthquake jolts Taiwan
Top European reinsurers well placed for strong year ahead: Fitch
Push continues to expand cancer presumptions for firefighters
In a yearslong trend that experts say is both political and scientific, several states are looking to expand the types of cancer that are covered under existing occupational illness presumption laws for firefighters.
Former Alliant worker sues broker over overtime pay
A former employee of Alliant Insurance Services Inc. sued the company Friday in federal court in New York, accusing the brokerage of violating the Fair Labor Standards Act and the New York Labor Law.
Safety National Casualty announces leadership changes
Safety National Casualty Corp., a St. Louis-based specialty insurer, Tuesday announced executive leadership changes.
Acrisure execs accused of poaching take suit to federal court
A lawsuit by Acrisure LLC accusing six former sales and account executives of poaching at least 20 customers after their coordinated March 15 resignations to join Woodruff Sawyer & Co. has been moved to federal court in Grand Rapids, Michigan, at the defendants’ request.
Japan casualty reinsurance renewals saw largest hikes on April 1
Casualty reinsurance renewals in Japan saw the largest increases at April 1 while property markets were less challenged than in last year’s renewals, according to a report Tuesday from Gallagher Re, the reinsurance business of Arthur J. Gallagher & Co.