J&J Unit Files for Bankruptcy to Advance $10 Billion Talc Settlement September 23, 2024 By Dietrich Knauth A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to...
GM to Recall Over 449,000 Pickup Trucks, SUVs September 20, 2024 General Motors is recalling 449,671 pickup trucks and SUVs in the U.S. due to inoperative low brake fluid warning, the...
E&S Vet Miller and Team Launch MGA Pivix September 20, 2024 Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency...
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best September 20, 2024 By Ezra Amacher The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in...
People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership September 20, 2024 AIG Appoints Walsh Executive Vice President, Chief Financial Officer American International Group, Inc. (AIG), headquartered in New York City, named...
J&J Lifts Baby Powder Settlement Bid to More Than $8.2 Billion September 20, 2024 By Jef Feeley Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who...
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI September 20, 2024 With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five...
Live Nation Seeks to End States’ Claim of Damages for Concertgoers September 20, 2024 By Jody Godoy Live Nation Entertainment has asked a federal judge in New York to dismiss several states’ claims that the live event...
Ex-Google Executive’s Startup to Use AI to Forecast the Weather September 19, 2024 By Lauren Rosenthal A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths...
Report: Over 250,000 US Properties Have Repeated NFIP Claims September 19, 2024 By Ezra Amacher More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program...