Doctor Asks Court to Toss J&J Lawsuit Against Her Over Cancer Research September 12, 2023 By Dietrich Knauth A medical researcher has asked a court to throw out a lawsuit that Johnson & Johnson filed against her over...
Wait ‘Til 2025: The Hartford Won’t See Auto Profit Next Year September 12, 2023 By Susanne Sclafane Even after putting through 20% rate hikes over the course of this year, The Hartford needs another round of similar...
Markets/Coverages: US Cyber Industry Loss Index Launched by Perils, CyberAcuView September 12, 2023 A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by...
Judge in $6 Billion 3M Settlement Issues Order to Stop Litigation Funding September 12, 2023 By Chad Hemenway A federal judge has barred attorneys and claimants involved in 3M’s $6 billion settlement with U.S. military servicemembers from any...
First-Half P/C Underwriting Loss Just $2B Shy of Loss for All of 2022 September 12, 2023 The total net underwriting loss of $24.5 billion for the U.S. property/casualty industry after the first six months of 2023...
Q2 US Commercial Lines Prices Up 6.1%: WTW September 12, 2023 According to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), commercial insurance prices in the U.S. continued to increase in the...
Executives Go Quiet on Diversity After Affirmative Action Ruling September 11, 2023 US executives drastically cut back on public discussions of workplace diversity last quarter, in the first earnings season since the...
Judge Rules Against Consumer-Watchdog Anti-Discrimination Effort September 11, 2023 By Jody Godoy A federal judge has ruled that the U.S. Consumer Financial Protection Bureau (CFPB) does not have broad authority to tackle...
KKR Invests Additional $1 Billion in USI to Become Largest Shareholder September 11, 2023 USI Insurance Services said Monday that KKR is making a new equity investment of more than $1 billion to become...
Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk September 11, 2023 By Chad Hemenway Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in...