Apple's trademark award vs. Samsung partially overturned
(Reuters) — A U.S. appeals court on Monday reversed part of a $930 million verdict that Apple Inc. won in 2012 against Samsung Electronics Co. Ltd., saying the iPhone maker's trademark-related...
View ArticlePharmacy benefit manager acquires Medicare compliance unit
Helios, a Memphis, Tennessee-based pharmacy benefit management and settlement services firm, has acquired Ringler Medicare Solutions Inc., a Medicare Secondary Payer compliance unit, the companies...
View ArticleInsurers not liable in loss of IBM employee data
The Connecticut Supreme Court on Monday unanimously affirmed a lower court ruling that a Chubb Corp. unit and Scottsdale Insurance Co.
View ArticleAir bag maker to declare 33.8 million vehicles defective
(Reuters) — Japanese air bag manufacturer Takata Corp. is expected to declare about 33.8 million vehicles defective on Tuesday, a move that is expected to lead to the largest auto recall in U.S.
View ArticlePrescription drug costs drive increase in health care expense
A sharp surge in prescription drug costs helped push health care costs for families covered under an average employer's health insurance plan up an estimated 6.3% in 2015, according to a new report by...
View ArticlePharmacy in 2012 meningitis outbreak to pay victims $200 million
(Reuters) — The now-defunct Massachusetts pharmacy behind a deadly 2012 meningitis outbreak that killed at least 64 people will pay out $200 million to its victims and creditors under a bankruptcy...
View ArticleSocial media posts put brakes on man’s chronic fatigue fraud
An insurance cheat who claimed that illness had stopped him working was caught out by his social media posts detailing his hobby of modifying fast cars and driving them on the roads and racetracks of...
View ArticleDeglobalization, 'Internet of things' hold unknown risks for insurers
Deglobalization and “challenges of the Internet of things” were two risks ranked to have a potential “high” impact over time for insurers and reinsurers in a new report by Swiss Re Ltd., the company...
View ArticleDetroit prosecutors join criminal probe of Takata over air bags
(Reuters) — Prosecutors in Detroit have joined the U.S. federal probe into Takata Corp.’s defective air bag inflators that are linked to at least six deaths globally.
View ArticleLumbermen’s ordered into financial rehabilitation
Lumbermen’s Underwriting Alliance, a Boca Raton, Florida-based workers compensation insurer, has been placed into rehabilitation by a Missouri court, according to the Missouri Department of Insurance.
View ArticleMasterCard, Target fail to reach settlement on 2013 data breach
(Reuters) — MasterCard Inc., the world's No. 2 debit and credit card company, said it failed to reach a settlement with Target Corp. over claims related to the 2013 data breach at the retailer as a key...
View ArticleProperty/casualty reinsurers suffer big drop in net premiums
The group of 18 U. S. property/casualty reinsurers included in a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America wrote $9.
View ArticleCalling Godzilla. ‘Colossal’ lawsuit stirs up trademark...
A lawsuit is reminding producers of a new film that when it comes to Tokyo-destroying giant reptiles, you have to pay Godzilla its due.
View ArticleRuby Tuesday settles male servers' gender bias case
Restaurant chain Ruby Tuesday Inc. has agreed to pay $100,000 to settle a gender discrimination lawsuit filed by the U.S.
View ArticleCampus guard’s retaliation charge following harassment claim reinstated
A federal appeals court has reinstated a retaliation charge filed by a former campus guard, who was fired herself after her complaint led to disciplinary action against a supervisor who had allegedly...
View ArticleHSBC wins reversal of $2.46 billion Household judgment
(Reuters) — A U.S. appeals court on Thursday reversed a $2.46 billion judgment against HSBC Holdings P.L.C. in a long-running securities fraud class action stemming from a consumer finance business it...
View ArticleTexas bill would toughen rules on asbestos and silica injury claimants
A bill that would add required disclosures for claimants in asbestos or silica personal injury lawsuits, and allow defendants in these cases to stay proceedings and modify judgments under certain...
View ArticleManaging risk inside the Mercedes-Benz Superdome
In the latest episode of Business Insurance In Focus, we get some inside perspective on how risk management challenges are handled at the Mercedes-Benz Superdome in New Orleans.
View ArticleReporting delays tied to higher workers comp claim costs
Delays in reporting work-related injuries can cause workers compensation claim costs to increase by up to 51%, according to the National Council on Compensation Insurance Inc.
View ArticleAir France faces probe after jet narrowly avoids mountain
(Reuters) — French investigators have opened a probe after an Air France jet with some three dozen people on board narrowly avoided hitting the highest mountain in central Africa in early May,...
View Article