National News

Trump’s Tariff ‘Medicine’ Engulfs Markets, US Stocks in Spin After Talk of Pause

resident Donald Trump’s sweeping tariff plans battered global markets again on Monday after he said foreign governments would have to pay “a lot of money” to get the levies removed, while U.S. stocks got a brief lift on hints of …

Viatris to Pay Up to $335 Million to Resolve Opioid-Related Claims

Viatris said on Monday it would pay up to $335 million over nine years as part of a nationwide settlement to resolve opioid-related claims against the drugmaker. Shares of the Pennsylvania-based company, formed by the merger of Mylan and Pfizer’s …

SecurityScorecard Names Willis as Official Cyber Broker as Part of Partnership

SecurityScorecard and Willis, a WTW business, announced a collaboration to enhance cyber risk quantification, improve insurance modeling, and strengthen enterprise security strategies for organizations worldwide. As part of this partnership, SecurityScorecard has named Willis as its official insurance broker. By …

MarketScout: Q1 Composite Personal Lines Rates Up 4.9%; Commercial Rates Up 3%

According to the MarketScout Market Barometer, the composite rate for U.S. personal lines kept rising in the first quarter to 4.9%, up from 4% during the prior three-month period. Richard Kerr, CEO of Novatae Risk Group, said the increase was …

Bayer Renews Bid for US Supreme Court to Curb Roundup Cases

Bayer said on Friday it was again petitioning the U.S. Supreme Court to sharply limit legal claims that its Roundup weedkiller causes cancer, seeking to avoid potentially billions of dollars in damages. Bayer said in its petition that consumers should …

Hedge Funds Hunt Deals in Risk Scenarios Too Costly for Insurers

As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set for hedge funds to pursue market-beating returns fanned by climate change. The investment model in question is built around so-called …

Oracle Tells Clients of Second Recent Hack, Log-In Data Stolen

Oracle Corp. has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter. It’s the second cybersecurity breach that the software company has acknowledged to clients …

Markets/Coverages: Travelers Adds Enhanced Services for Cyber Liability; Willis AdWrap for Marketing and Ad Production

The Travelers Companies launched Travelers Cyber Risk Services, a suite of capabilities added to all cyber liability policies designed to help lower the risk of a cyberattack and the cost to recover from one. In addition to always-on threat monitoring …

Several Companies Must Face Lawsuit Over Tainted Baby Food, Judge Rules

A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decision on Wednesday, …

Supreme Court: Truck Driver Can Seek Treble Damages Over THC in CBD Product

The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. …

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