KCC Expects Private Insured Losses of $36B From Hurricane Milton October 15, 2024 By Chad Hemenway Florida’s Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate...
Honda Recalling 2 Million Vehicles Over Steering Issue October 15, 2024 By David Shepardson Honda Motor said it is recalling 2 million cars and SUVs in North America over an issue that can make...
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...