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Egan-Jones Ratings No Longer Recognized by Bermuda Regulator

Egan-Jones Ratings Co. has been removed from the Bermuda Monetary Authority’s list of recognized credit ratings providers, according to recent guidance from the watchdog.

By Silas Brown, Alexandre Rajbhandari and Laura Benitez

Prudential Japan Pledges Reforms After Widespread Misconduct

Prudential Financial Inc.’s Japan insurance head vowed to bolster governance after revelations that improper actions by more than 100 current and former staff cost customers about $20 million.

BNP Paribas Seeks to Cut 1,200 Jobs on Axa IM Integration

BNP Paribas SA is seeking to eliminate about 1,200 positions as it completes the integration of Axa Investment Managers.

Cigna Sees Up to $600 Million Earnings Hit From Pharmacy Plan

Cigna Group’s plan to end drug rebates will reduce earnings by $500 million to $600 million, the company’s chief executive officer said at a congressional hearing Thursday in which the country’s biggest health insurers were grilled about health-care affordability.

Clorox to Buy Hand Sanitizer Maker GOJO for $2.25 Billion

Clorox Co.agreed to buy the maker of Purell hand sanitizer, GOJO Industries, a move to expand its portfolio of consumer health and hygiene brands.

Anthem Ordered to Rethink Child’s Mental Health Coverage Denial

Anthem Blue Cross & Blue Shield must reconsider its refusal to cover a 13-year-old boy’s stay at a residential mental health treatment center, but it’s free from claims under a federal mental health parity law.

Insurance CEOs Get Congress’s Ire for Rising Health Costs

Lawmakers on both sides of the aisle pressed health insurance CEOs on soaring health care costs during high-profile hearings before two major House panels Thursday.

Texas Declares Disaster as Season’s Biggest Storm Approaches

Texas Governor Greg Abbott issued disaster declarations for more than half the counties in the state ahead of a powerful winter storm that will be one of the toughest tests of the electric grid since a deadly 2021 collapse.

Former Sidley Leader Embraces ‘Future,’ Joining AI Law Firm

Sidley Austin’s former executive committee chair is pivoting from leading one of the world’s largest law firms to a two-month-old AI-native law firm.

Record Cold Fuels Winter Storm Aimed at Texas, New York

Record-breaking cold across the central and eastern US is fueling the season’s largest winter storm, threatening to freeze Texas, ground flights, ice power lines and possibly even bring a dollop of snow to New York City this weekend.

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The Rise (and Eventual Fall?) of Derivative Section 10(b) Claims

Christopher Viapiano

Sullivan & Cromwell

Texas Public Use Doctrine’s Fate Will Be Settled in the Courts

Charles McFarland

McFarland Condemnation Attorneys

Bankruptcy System Needs Overhaul to Protect Sexual Abuse Victims

Kenneth Rosen

Ken Rosen Advisors

Can Businesses Win Fight Over Covid-19 Insurance Claims?

A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?

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