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January 27, 2021Investor Sues Drugmaker Astrazeneca Over Coronavirus Vaccine Testing Claims
AstraZeneca PLC was sued by a pension fund on behalf of investors who it says suffered losses because of flaws in the company’s testing of its coronavirus vaccine. For much of last year, the Cambridge, England-based pharmaceutical company was touting …


January 27, 2021Parents of Maryland Teen Who Died in Class File Lawsuit
The parents of an autistic Maryland teenager who died in class after choking on a glove have filed a lawsuit against school officials, saying negligence led to their son’s death. Bryan and Tanya Levy, the parents of 17-year-old Bowen Levy, …


January 27, 2021The Beacon Mutual Insurance Company Names Tumeinski as Chief Financial Officer
The Beacon Mutual Insurance Company has named Gregg Tumeinski as chief financial officer (CFO) at The Beacon Mutual Insurance Company. Tumeinski will succeed Cynthia Lawlor, who is retiring after more than 28 years at the Rhode Island workers’ compen …


January 27, 2021If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big
LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six months until the Games are …


January 27, 2021SterlingRisk Insurance Promotes Larocca to Chief Strategic Relations Officer
SterlingRisk Insurance, a Woodbury, New York-based independent insurance brokerage, has promoted Robert F. Larocca to chief strategic relations officer. Larocca, who began his career at SterlingRisk in 1999, will retain his title of executive vice pr …


January 27, 2021China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved
Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China’s central bank chief said, offering some relief to global investors seeking signs on what the future holds for the world’s largest fintech giant. … …


January 27, 2021Volkswagen Wants U.S. Supreme Court to Nix ‘Staggering’ Diesel Claims by Counties
Volkswagen AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that said two counties could seek financial penalties over excess diesel emissions that could total billions of dollars. The German autom …


January 27, 2021Tennessee Reports Highest Number of Boating Deaths in 37 Years in 2020
Tennessee had 32 boating-related deaths in 2020, the most in 37 years, wildlife officials said. The Tennessee Wildlife Resources Agency reported an increase in traffic on the state’s lakes and rivers in 2020 as outdoor activities such as boating incr …


January 27, 2021Hay Joins Sedgwick in Tennessee as Global Chief People Officer
Sedgwick, a provider of technology–enabled risk, benefits and integrated business services, has added Michelle Hay as global chief people officer. With more than 25 years of professional experience and a human resources leadership and consulting expe …


January 27, 2021Allstate to Sell Life Insurance Company to Blackstone for $2.8M to Grow in P/C
The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a strategy to grow market share in pers …

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