Federal Crop Insurance Provides Billions in Profit for Insurers, Says USDA December 5, 2023 By Leah Douglas Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive...
US Supreme Court Torn Over Purdue Pharma Bankruptcy Settlement December 5, 2023 By John Kruzel and Andrew Chung U.S. Supreme Court justices on Monday struggled over whether to approve OxyContin maker Purdue Pharma’s bankruptcy settlement, voicing concern the...
People Moves: Ryan Specialty Appoints Nash President of CorRisk Solutions; Dunne Joins AIG Board of Directors December 4, 2023 Ryan Specialty appointed Thomas Nash as president of CorRisk Solutions, the wholesale distribution professional liability managing general underwriter, a part...
Jury Orders Egg Suppliers to Pay $17.7M in Damages for Price Gouging in 2000s December 4, 2023 By Isabella Volmert A federal jury in Illinois ordered $17.7 million in damages – an amount tripled to more than $53 million under...
US Personal Lines Outlook Continues to Be Negative: AM Best December 4, 2023 By Chad Hemenway The U.S. personal lines insurance industry faces too many daunting challenges, leading AM Best to maintain its negative outlook. The...
Confie Acquires Acceptance Insurance December 4, 2023 Confie announced the acquisition of Acceptance Insurance’s retail division to its family of brands. The personal lines distribution company said...
US Supreme Court Set to Review Purdue Pharma Bankruptcy Settlement December 4, 2023 By John Kruzel and Andrew Chung The U.S. Supreme Court on Monday is set to hear a challenge by President Joe Biden’s administration to the legality...
BMW Recalls SUVs Since Takata Air Bag Inflators Can Blow Apart December 4, 2023 By Tom Krisher BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart...
Breaches by Iran-Affiliated Hackers Spanned Multiple States December 4, 2023 By Frank Bajak and Marc Levy A small western Pennsylvania water authority was just one of multiple organizations breached in the United States by Iran-affiliated hackers...
Trump Denied Immunity Against US Election Subversion Charges December 3, 2023 By Zoe Tillman Donald Trump is not entitled to absolute presidential immunity against criminal charges over his efforts to overturn the 2020 presidential...