States Seek $26.4 Billion From Drug Firms in Opioid Litigation – WSJ August 19, 2020 U.S. states are seeking a combined $26.4 billion from three major drug distributors and Johnson & Johnson to settle opioid...
Sompo Global Risk, Marsh & McLennan Launch Commercial Real Estate Market Product August 18, 2020 Marsh & McLennan Agency LLC (MMA) and Sompo Global Risk Solutions (GRS) have launched a new customizable insurance product designed...
Amazon Helping Toyota Build Cloud-Based Data Services That Include Insurance August 18, 2020 By Paul Lienert Amazon.com Inc.’s cloud computing unit will help Japan’s Toyota Motor Corp. build a platform to help manage and monetize data...
Auto Insurance Shopping Rebounds After Dropping During Spring August 18, 2020 Auto insurance shopping and new business growth rebounded in May and June after a drop in late March and early...
States Say OxyContin Maker Purdue Pharma Owes $2.2 Trillion for Opioid Epidemic August 18, 2020 By Mike Spector U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in...
Pandemic-Afflicted Cruise Operator Carnival Hit by Ransomware August 18, 2020 By Andrew G. Simpson Cruise operator Carnival Corp. said on Monday it launched an investigation into a ransomware attack on one of its brand’s...
Root Insurance Hopes Others Join Its Vow to End Use of Credit Scoring August 18, 2020 By Mark Hollmer Root Insurance pledged to eliminate the use of credit scoring from its car insurance pricing model by 2025, a move...
Pandemic Boosted Personal Auto Insurers’ Profits in the Short-Term August 17, 2020 As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced...
Progressive Enters Voluntary Market with Expanded Pet Health Insurance Product August 17, 2020 Progressive will enter the voluntary benefits market through a relationship with Pets Best, which is part of Care Credit, a...
Federal Judge Advances Business Interruption Dispute Between Law Firm, Travelers August 17, 2020 By Andrew G. Simpson A federal judge in California disappointed a law firm suing Travelers Insurance over coronavirus lockdown related business interruption claims in...