J&J’s Proposed Talc Settlement Would Pay $400 Million to State AGs May 18, 2023 Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader...
Tale of Two Markets: Largest CR Gap Between Personal, Commercial Lines in 15 Years May 18, 2023 The 2022 property/casualty insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal...
Norfolk Southern Bondholders Sue Over Safety Disclosures Preceding Ohio Derailment May 18, 2023 By Jonathan Stempel Norfolk Southern Corp was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the...
AM Best: Current D&O Market Rates Could Prove Inadequate May 17, 2023 By Chad Hemenway Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the...
BP Unit to Pay Record $40M to Settle Air Pollution Civil Charges May 17, 2023 By Sarah N. Lynch and Laura Sanicola A subsidiary of BP will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil...
Alleged Russian Hacker Charged in $200 Million Ransomware Spree May 17, 2023 By William Turton A Russian man was charged by US authorities in connection with his alleged role with multiple ransomware gangs that attacked...
Hackers Contacted Cybersecurity Firm CEO’s Son, Wife in Extortion Attempt May 17, 2023 By William Turton Hackers stole contracts from cybersecurity firm Dragos Inc. as part of an extortion attempt that included contacting the chief executive...
Viewpoint: Should Insurance Drive Increased Firearm Safety? May 17, 2023 By Patrick Wraight It seems almost weekly there is a story or two in the national headlines addressing gun violence in the U.S.,...
Insurance Journal, Carrier Management & Claims Journal Staffs Win Awards of Excellence May 17, 2023 Wells Media Group publications, online, research and podcasts have won a total of nine 2023 Azbee Awards of Excellence from...
Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts May 17, 2023 In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2...