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Labor Dept. office requests diversity training information

POSTED: Thu, 22 Oct 2020 17:54:00

The U.S. Department of Labor’s Office of Federal Contract Compliance Programs on Thursday published a Request for Information on federal contractor and subcontractor’s diversity training, as required by the executive order issued by President Trump in September... Read Article

Taiwan’s UMC hopes to settle US trade-secret suit soon

POSTED: Thu, 22 Oct 2020 16:18:00

Taiwanese contract chipmaker United Microelectronics Corp. said on Thursday it hoped a business espionage lawsuit brought by the U.S. Department of Justice against the company could be settled soon.... Read Article

Berkshire not obligated to defend doctor in opioid death

POSTED: Thu, 22 Oct 2020 16:11:00

A Berkshire Hathaway Inc. unit is not obligated to defend or indemnify a Nevada doctor under his professional liability policy in a wrongful death suit filed in connection with a judge’s opioid-related death because he had engaged in a “willful violation” of ... Read Article

IRS makes second settlement offer to microcaptive owners

POSTED: Thu, 22 Oct 2020 14:45:00

The IRS on Thursday said it would make another settlement offer to microcaptive owners whom it alleges breached tax rules through their abuse of the alternative risk transfer vehicles.... Read Article

Environmental loss payments outpace incurred losses: A.M. Best

POSTED: Thu, 22 Oct 2020 14:30:00

The U.S. property/casualty insurance industry’s asbestos and environmental loss payments continue to outpace incurred losses, A.M. Best Co. said in a report issued Thursday.... Read Article

Chubb announces executive changes

POSTED: Thu, 22 Oct 2020 14:22:00

Chubb Ltd. has named John Alfieri as president, Chubb Canada, with immediate effect, the insurer said in a statement Thursday.... Read Article

Applied Underwriters, California move battle to courts

POSTED: Thu, 22 Oct 2020 14:10:00

Applied Underwriters Inc. and the State of California continue their battle over California Insurance Co., a subsidiary of Applied that allegedly tried to move its domicile to New Mexico without approval after Berkshire Hathaway Inc. sold off the workers compensati... Read Article

Marsh hires former Aon exec to lead U.S. life sciences practice

POSTED: Thu, 22 Oct 2020 14:01:00

Marsh LLC has named former Aon PLC executive Eddie Albers to lead its U.S. life sciences practice, the brokerage said in a statement Thursday.... Read Article

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