NHTSA Expands Probe Into Ford Engine Failures to Include Nearly 709,000 Vehicles October 4, 2023 U.S. auto safety investigators have expanded a probe into Ford Motor Co. engine failures to include nearly 709,000 vehicles. The...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit October 4, 2023 By Chad Hemenway Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep...
AstraZeneca to Pay $425 Million to End US Lawsuits Over Heartburn Drugs October 4, 2023 By Brendan Pierson Britain’s AstraZeneca has agreed to pay $425 million to settle about 11,000 lawsuits in the United States that claimed its...
Court Tosses $223.8M Verdict Against J&J in Talc Cancer Case October 3, 2023 By Brendan Pierson A New Jersey appeals court on Oct. 3 threw out a $223.8 million verdict against Johnson & Johnson that a...
Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction October 3, 2023 Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn’t mean they aren’t keeping their options open...
Consumer Product Injuries Continue to Rise After Low in 2020 October 3, 2023 Following the record low number of consumer product-related injuries reported in 2020 (an 18% decrease), injuries increased 6.8% in 2021...
People Moves: BHSI Promotes Meyer to Head of Product Liability, North America; Forte Named President of Berkley Public Entity October 3, 2023 Berkshire Hathaway Specialty Insurance (BHSI) announced it has promoted Angela Meyer to head of Product Liability in North America. She...
McDonald’s, Wendy’s Defeat Lawsuit Over Size of Burgers October 3, 2023 By Jonathan Stempel McDonald’s and Wendy’s have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers....
Appeals Court Blocks Venture Capital Fund’s Grant Program for Black Women October 3, 2023 By Nate Raymond A federal appeals court on Saturday blocked a venture capital fund from moving forward with a program that awards funding...
Microsoft CEO Says Tech Giants Battling for Content to Build AI October 3, 2023 By Diane Bartz Microsoft chief executive Satya Nadella said Monday tech giants were competing for vast troves of content needed to train artificial...