Philips to Pay at Least $479 Million For Apnea Machine Cases September 7, 2023 By Jef Feeley and Cagan Koc Koninklijke Philips NA officials have agreed to pay at least $479 million to resolve part of a sprawling litigation tied...
Microsoft Says Compromise of Engineer’s Account Led to Chinese Hack of US Officials September 7, 2023 By Raphael Satter The recently disclosed Chinese hack of senior officials at the U.S. State and Commerce departments stemmed from the compromise of...
New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims September 7, 2023 A new study has revealed that autonomous-vehicle technology reduced bodily injury claims frequency by 100% and property damage claims frequency...
The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
People Moves: Nutter to Retire as RAA President; Covington Appointed to Take the Helm September 6, 2023 The Reinsurance Association of America (RAA) on Wednesday said its long-time president, Frank Nutter, will retire at the end of...
E&S Market Lines Expand, Outperform Broader P/C in 2022 September 6, 2023 By Jahna Jacobson The U.S. excess and surplus (E&S) lines market had a good year in 2022, growing to account for nearly 9%...
Atlantic Storm Lee Set to Explode in Strength September 6, 2023 By Brian K. Sullivan Tropical Storm Lee is on track to tie Hurricane Franklin to become 2023’s strongest Atlantic storm with winds of 150...
Google Tentatively Settles States’ Play Store Antitrust Suit September 6, 2023 By Joel Rosenblatt Alphabet Inc. tentatively settled claims that Google Play abuses its control over Android mobile applications, potentially resolving complaints over the...
52 Million Air Bag Inflators Should Be Recalled Over Rupture Threat: NHTSA September 6, 2023 By David Shepardson U.S. auto safety regulators said on Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and...
US Homebuyers Weigh Climate Risk in Picking a House, Zillow Says September 6, 2023 By Alex Tanzi More than four in five US homebuyers are factoring in climate risks when they shop for a new house, according...