Court Revives Bernie Madoff Customers’ $343M Clawback Suit Against Citigroup August 31, 2021 By Jonathan Stempel A U.S. appeals court said the trustee liquidating Bernard Madoff’s firm can pursue a $343.1 million clawback lawsuit against Citigroup...
‘Mission: Impossible’ Movie Producer Sues Insurer Over 7 Coronavirus Stoppages August 31, 2021 By Jill Serjeant Production on the new “Mission: Impossible” movie was shut down seven times due to the coronavirus pandemic, according to a...
Chubb Unit Insurance Dispute Complicates Boy Scouts Abuse Victims’ Deal August 31, 2021 By Steven Church A dispute over whether a unit of insurance giant Chubb Ltd. must contribute to a trust fund for sexually abused...
Higher Rebuilding Prices Expected to Boost Hurricane Ida’s Insurance Costs August 31, 2021 By Alwyn Scott Insurers are bracing for $15 billion to $30 billion in claims from Hurricane Ida, but the figure could jump higher,...
Bankruptcy Judge Urges Holdout States to Settle Issues With Purdue Pharma, Sacklers August 30, 2021 By Geoff Mulvihill A federal bankruptcy judge on Friday urged states that oppose a settlement plan with Purdue Pharma to try to work...
FDA Tests for PFAS Found No Need to Avoid Processed Foods August 30, 2021 The Food and Drug Administration released the results of the first survey of per- and polyfluoroalkyl substances (PFAS) in nationally...
Ransomware Has Been a ‘Game Changer’ for Cyber Insurance August 30, 2021 By Elizabeth Blosfield Anyone who works in cyber insurance knows that the industry is never static. It’s a constantly evolving business as the...
Law Firms Battle Lawsuits Calling for SPAC Regulation August 30, 2021 By Niket Nishant The legal tussle around special purpose acquisition companies (SPACs) intensified on Friday as a group of U.S. law firms hit...
Labor Force Participation Rebound Will Take Time: Research August 30, 2021 By Howard Schneider The U.S. Federal Reserve faces a long slog if it hopes for the country’s labor force participation rate to climb...
Ida Loses Punch, Levees Hold; Louisiana Expects More Rain, Flooding August 29, 2021 By Devika Krishna Kumar Ida lost some of its punch over southwestern Mississippi on Aug. 30 after making landfall in Louisiana as one of...