Public D&O Price Decreased 5.2% in Second Quarter, Says Aon July 30, 2024 The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter,...
Nationwide Plans 5% Reduction in Employee Headcount July 30, 2024 By Chad Hemenway Insurer Nationwide said late last week that it is reducing its headcount by about 5% over the next year. “We...
Senators Call on FTC to Investigate Automakers’ Sale of Driving Data July 29, 2024 Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers’ driving data to brokers who...
Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation July 29, 2024 By Insurance Journal Staff Reports Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals”...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 July 29, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...
Indivior Reaches $86 Million Opioid Settlement With 16 States July 29, 2024 By Jonathan Stempel Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction...
Crop Insurance Won’t Let Some Farmers Adapt to Climate Change July 29, 2024 By Miranda Jeyaretnam In Kansas, where a prolonged drought has killed crops and eroded the soil, Gail Fuller’s farm is like an oasis....
Abbott Loses $500 Million Infant Formula Verdict, Lawyers Say July 29, 2024 By Robert Burnson and Jef Feeley Abbott Laboratories was ordered by a jury to pay almost $500 million over allegations that it hid the risk that...
Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts July 29, 2024 By Allen Laman Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S. Chamber of Commerce Institute for...
J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy July 26, 2024 By Jonathan Randles, David Voreacos and Steven Church Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands...