J&J Talc Unit Defends Latest Bankruptcy Settlement Bid April 12, 2023 By Dietrich Knauth A Johnson & Johnson company on Tuesday defended its second attempt to resolve talc lawsuits in bankruptcy, telling a U.S....
No Separate Trial for Former JPMorgan Executive in Epstein Case April 11, 2023 By Jonathan Stempel A U.S. judge rejected requests to sever JPMorgan Chase & Co’s lawsuit accusing former executive Jes Staley of concealing what...
Business Moves: Arch Insurance Acquires Insurtech Thimble April 11, 2023 Arch Insurance today said it has acquired Thimble, an insurtech platform that enables small businesses to get insurance coverage by...
AI ‘Trustworthiness’ Is Focal Point of New Government Inquiry April 11, 2023 By Emily Birnbaum A US Commerce Department agency is opening an inquiry into how companies and regulators can ensure that artificial intelligence systems...
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure April 11, 2023 By Joel Rosenblatt and Robert Burnson KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America...
People Moves: Travelers Names Duncan President of Northfield; Kapoor SVP at NFP; Starr Insurance Hires Shannon Sr. Investment Officer April 11, 2023 By Jahna Jacobson Travelers Names Duncan President of Northfield Excess & Surplus Travelers has named Marsh Duncan its new president of Northfield Excess...
States Consider Ban on Cosmetics With ‘Forever Chemicals’ April 11, 2023 By Lisa Rathke A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of...
J&J Talc Unit 2nd Bankruptcy Must Be Dismissed, Cancer Victims’ Lawyers Say April 11, 2023 By Dietrich Knauth and Mike Spector Johnson & Johnson’s renewed effort to resolve talc lawsuits through an $8.9 billion bankruptcy settlement must be dismissed as a...
Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout April 10, 2023 In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first...
Markets/Coverages: Canopius U.S., MGA Falvey Partner to Offer Inland Marine Coverage April 10, 2023 Canopius Group, a global specialty re/insurer, announced a new partnership with managing general agent Falvey Insurance Group (FIG) to offer...