GSK Settles Another Zantac Lawsuit; Terms Confidential February 1, 2024 GSK said on Thursday it had agreed to settle another lawsuit in California that alleged its discontinued heartburn drug Zantac...
Markets/Coverages: Brace Underwriting Launches Brace USA February 1, 2024 Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North...
Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend February 1, 2024 By Chad Hemenway Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly...
Boeing Is Sued by Shareholders Following MAX 9 Blowout February 1, 2024 By Jonathan Stempel Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment...
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best February 1, 2024 The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and...
Bayer’s Billions in Roundup Verdicts Increase Pressure for New Legal Strategy January 31, 2024 By Jef Feeley and Tim Loh Bayer AG faces mounting pressure to come up with a new plan for handling its Roundup weedkiller litigation after getting...
US Disabled Chinese Hacking Network Targeting Critical Infrastructure, Sources Say January 31, 2024 By Christopher Bing and Karen Freifeld The U.S. government in recent months launched an operation to fight a pervasive Chinese hacking operation that successfully compromised thousands...
SEC’s SPAC Rules Set to Limit Rosy Projections That Fueled Mania January 31, 2024 By Bailey Lipschultz At the height of the SPAC boom, liberated startups capitalized on the ability to tout lofty goals about the years...
Appeals Court Rules Insurers Not Obligated to Defend Opioid Distributor McKesson January 31, 2024 By Chad Hemenway The role drug distributor McKesson Corp. had in the opioid crisis was no accident, meaning the company is not entitled...
Global Ransomware Attacks Reach Record High in 2023, Says Corvus January 31, 2024 Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active...