sanctions

Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case

Auto Insurance /
Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case

An Alabama law firm will likely have to pay more than $800,000—plus another $100,000 in sanctions—for failing to verify hearing loss in hundreds of Ugandans who claimed part of the massive settlement over faulty 3M earplugs. “It’s been a learning experience for us,” said Birmingham attorney Stephen Heninger of the Heninger Garrison Davis law firm, […]

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US Sanctions Chinese Companies, Tankers With Venezuela Links

Health Insurance /
US Sanctions Chinese Companies, Tankers With Venezuela Links

The Trump administration stepped up a pressure campaign against Venezuela’s oil exports by sanctioning companies based in Hong Kong and mainland China, along with related oil tankers it accused of evading restrictions. The Treasury Department’s Office of Foreign Assets Control on Wednesday added four companies with links to Venezuela’s oil industry — Zhejiang-based Corniola Ltd.

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US Lifts Sanctions on Trio Accused of Work on ‘Predator’ Spyware

Auto Insurance /
US Lifts Sanctions on Trio Accused of Work on ‘Predator’ Spyware

The US government has lifted sanctions on three people who it previously accused of aiding in the proliferation of “Predator” spyware, a sophisticated surveillance technology that’s allegedly been used against Americans. The Department of Treasury’s removal of the business bans on the trio associated with the Intellexa Consortium partially reverses the first US sanctions issued

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EU Announces New Sanctions on Companies and Individuals Over Russian Oil

Auto Insurance /
EU Announces New Sanctions on Companies and Individuals Over Russian Oil

The European Union has adopted fresh sanctions targeting companies and individuals accused of helping Moscow to circumvent Western sanctions on oil exports that help to fund Russia’s war in Ukraine. The EU has imposed 19 packages of sanctions so far, but Moscow has managed to adapt to most measures and is still selling millions of

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Daily Digest: London company market growth slows, Russian sanctions threaten P&I clubs, EU’s AI regulation evolution

Home Insurance /
ID Daily Digest Wednesday

Catch up on the essential news and analysis from the Insurance Day experts       Related Stories Daily Digest: London company market growth slows, Russian sanctions threaten P&I clubs, EU’s AI regulation evolution Daily Digest: London company market growth slows, Russian sanctions threaten insurers, Pine Walk launches credit risk MGA London SCPR market capacity climbs in

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Daily Digest: London company market growth slows, Russian sanctions threaten insurers, Pine Walk launches credit risk MGA

Home Insurance /
ID Daily Digest Wednesday

Catch up on the essential news and analysis from the Insurance Day experts       Related Stories London SCPR market capacity climbs in H1 Airmic welcomes new chair London company market premium growth slows  

Daily Digest: London company market growth slows, Russian sanctions threaten insurers, Pine Walk launches credit risk MGA Read More »