SCOTUS to Hear Purdue Pharma Settlement Plan That’s Dividing Opioid Victims November 27, 2023 By Geoff Mulvihill and Mark Sherman The agreement by the maker of OxyContin to settle thousands of lawsuits over the harm done by opioids could help...
Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re November 22, 2023 By L.S. Howard After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are...
Beware! Thanksgiving Risks to Watch November 22, 2023 By Jahna Jacobson Thanksgiving seems like the safest of holidays. No fireworks, no green beer, no candles burning brightly next to tinsel-covered kindling....
Corporate America Is Rethinking Diversity Hiring as Legal Challenges Rise November 22, 2023 By Jeff Green and Kelsey Butler The same conservative activists who helped gut race-related college admissions at the US Supreme Court have now set their sights...
Binance Was Used to Funnel Money to Hamas, Other Militant Groups November 22, 2023 By Allyson Versprille In February 2019, Binance Holdings Ltd.’s then-Chief Compliance Officer Samuel Lim acknowledged that the cryptocurrency exchange was being used to...
AM Best: Number of P/C Gross Impairments Falls in 2022; No Net Impairments November 22, 2023 Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, property/casualty insurers performed well in...
Markets/Coverages: CFC Upgrades Packaged Cyber Cover, Services for SMEs November 22, 2023 Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses. Brokers selling CFC’s professional...
Judge Finds Evidence That Tesla, Musk Knew About Autopilot Defect November 22, 2023 By Dan Levine A Florida judge found “reasonable evidence” that Tesla Chief Executive Elon Musk and other managers knew the automaker’s vehicles had...
Thanksgiving Cargo Theft Threat ‘Extremely High’: CargoNet November 22, 2023 The threat of cargo theft activity this Thanksgiving is “extremely high” and “unlike any recent year,” according to CargoNet. CargoNet,...
X Corp. Loses Fight to End FTC Privacy Oversight November 21, 2023 By Malathi Nayak X Corp. failed to persuade a federal judge to curb the US Federal Trade Commission’s close watch over the social...