- Luxury goods company ordered to pay former Yves Saint Laurent designer
(Reuters) — Luxury goods group Kering was ordered on Wednesday to pay $13 million to a former fashion designer Hedi Slimane in an interim court ruling on the way his departure from the company was handled, his lawyer said.
- E.U. commissioner urges VW to compensate drivers for diesel scandal
(Reuters) — Europe’s Industry Commissioner Elzbieta Bienkowska has called on Volkswagen to also compensate European drivers after the company agreed to pay out up to $15.
- State cracks down on Berkshire units over unregulated comp policies
California insurance regulators have issued cease-and-desist orders to two Berkshire Hathaway-owned companies.
- Political risk insurance for life science firms offered
Berkley Life Sciences, a W.R. Berkley Co. unit, has launched coverage designed to address life science exposures faced by customers with assets or operations overseas.
- Former Willis exec joins rival
London-based Cooper Gay Swett & Crawford Ltd. on Wednesday said Jonathan Prinn has been named head of global placement, effective Sept. 12.
- Injuries from falls span all ages
Adults under age 65 account for two-thirds of fall-related injuries in the U.S., according to research released by Liberty Mutual Research Institute for Safety.
- Terrorism insurance takeup rates going up again
The takeup rate for terrorism coverage in property insurance policies increased to 61% in 2015, according to a report released Wednesday by Marsh L.L.C.
- Global insurers to see premium growth slowdown in 2016
The global nonlife insurance sector is expected to experience slower premium growth in 2016 than in 2015, according to a study released by Swiss Re Ltd.
- Firm settles with EEOC over mistreatment of lesbian worker
A pallet management services company has agreed to pay $202,200 to settle one of the EEOC’s first sexual orientation lawsuits.