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DURHAM N.C.—Electronic cigarette giant Juul Labs Inc. will pay $40 million to North Carolina and take more action to prevent underage use and sales, according to a landmark legal settlement announced Monday after years of accusations that the company had fueled an explosion in teen vaping. A state judge accepted the first-of-its-kind agreement with a…
[This article is the second in a three-part series. Part one focused on inflation and compensation. Part three will discuss inflation and retirement savings.] As inflation takes hold, employers will need to revise how they budget for both compensation and benefits. Planning for employee health care poses particular challenges, given that the annual…
Litigated claims could impact reputation and market share in ways no policy can cover. Here’s how proactive risk mitigation reduces the expense. Product liability claims in the life sciences industry are unique. In many cases, the products in question make a direct impact on consumers’ health. When they don’t perform as intended or cause an…
Commentary The Chinese ride-hailing giant Didi Chuxing (Didi) filed an initial public offering (IPO) in the United States on June 10. At the same time, the Chinese Communist Party’s (CCP’s) antitrust investigation of Didi was also reported. According to Didi’s prospectus (registration statement) filed with the Securities and Exchange Commission, the regime’s state-owned companies played…
A federal court dismissed two antitrust cases that were brought against Facebook, representing a significant setback for federal and state regulators in their attempts to reign in Big Tech. The lawsuits were filed by the Federal Trade Commission (FTC) and state attorneys general seeking to break up what they described as Facebook’s monopoly on social networking….
A seasoned pair of insurance pros, Mitch Blaser and Mark Wheeler launched Mosaic Insurance in February. Here’s the story of their journey so far. After representative careers that included long stints at Bermuda-based Ironshore, veteran commercial insurance executives Mark Wheeler and Mitch Blaser co-founded specialty insurer Mosaic Insurance in February of 2021. This spring, Risk…
QBE’s Todd Jones reflects on his career, market trends and what it takes to build a talented team to not only work with but also grow alongside. When Todd Jones graduated with a degree in business, he wasn’t necessarily looking for a career in insurance. “I didn’t grow up thinking I was going to be…
Always known as the market of innovation, E&S insurers are leveraging flexibility and creativity to help customers solve problems. The excess and surplus market continues to enjoy steady growth while conditions in the standard market remain challenging for insureds. With standard lines carriers raising rates, tightening terms and conditions and pulling back capacity, risk managers…
Investigations into the auditors of Greensill Capital and Wyelands Bank have been launched, the UK’s accountancy regulator announced on Monday. The Financial Reporting Council (FRC) said its Enforcement Division had started an investigation into accounting firm Saffery Champness in relation to its audit of the financial statements of Greensill Capital (UK) Limited for the year ending…
