Insurance News from January 24, 2025
National News
Purdue Pharma, Sacklers Reach $7.4B National Opioid Settlement
Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement...
International & Reinsurance News
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
The Los Angeles wildfires could consume more than 30% of the aggregate natural...
East News
J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case
Johnson & Johnson is balking at paying $30 million in punitive damages on top of a...
West News
Fitch Revises Mercury’s Outlook to Negative
Fitch Ratings said in an outlook revision that it expects Mercury General Corp.'s...
Southeast News
Fire Chief Fatally Shot While Helping Couple Whose Car Hit a Deer in Alabama
A man fatally shot a Georgia fire battalion chief and wounded the driver of a car that...
Texas / South Central News
Florida, Louisiana Sugarcane Could Be Hurt by Winter Storm but Citrus Was Spared
Sugarcane crops in Louisiana and Florida, the only two states producing sugar from cane...
Midwest News
Kansas Department of Insurance Recovers $11.8M in 2024
Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Department of...