J&J’s Court-Shopping Win Highlights Irresistible Bankruptcy Tool October 15, 2024 By Jonathan Randles and Steven Church Johnson & Johnson’s successful use of a “court-shopping” legal tactic to advance its latest plan for resolving thousands of cancer...
Combined Losses From Milton and Helene to Be $35B-$55B: Moody’s RMS October 15, 2024 Moody’s RMS said private insurers can expect to dole out between $35 billion and $55 billion for hurricanes Milton and...
Fitch Expects Insurance Industry Losses of Up to $50B From Milton October 11, 2024 Fitch Ratings expects Hurricane Milton to cause between $30 billion and $50 billion in insured losses to push total industry...
Bayer Must Pay $78 Million in Latest Roundup Cancer Trial, Jury Finds October 11, 2024 By Brendan Pierson Bayer must pay $78 million to a Pennsylvania man who said he got cancer from using the company’s Roundup weedkiller,...
People Moves: Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines; Aon Promotions in Financial Services Group; Thomas-Ferrand to Lead Marsh Captive Business October 11, 2024 Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines Zurich North America hired Nora Hattauer as head of financial lines...
Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows October 11, 2024 Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber...
Group of Scientists Say Climate Change Drove Helene Impacts October 11, 2024 By Don Jergler Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week....
American Water Cyberattack Renews Focus on Protecting Critical Infrastructure October 11, 2024 By Bruce Shipkowski A cyberattack continues to affect the largest regulated water and wastewater utility company in the United States, renewing a focus...
Catastrophe Bonds Dodge Worst-Case Scenario After Milton October 10, 2024 By Gautam Naik After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted...
Balance With ‘Micro-Actions’ in Commercial Market But Milton Could Disrupt October 10, 2024 WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption....