Nuclear Verdicts Surge to $14.5 Billion in 2023 – Report May 10, 2024 By Ezra Amacher Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more...
Personal Auto Insurers Have Edge on Innovation: AM Best May 10, 2024 After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto...
What Risks Do Advanced AI Models Pose in the Wrong Hands? May 10, 2024 By Alexandra Alper The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China...
Hospital Operator Ascension Warns of Suspected Cyberattack; Operations Disrupted May 9, 2024 Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident and advised business...
Progressive Set to ‘Maximize’ Growth, Building on Q1 May 9, 2024 By Susanne Sclafane When Progressive’s chief executive officer weighed the words that should go into the management discussion section of the company’s first-quarter...
Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure May 9, 2024 Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to...
Markets/Coverages: FM Global Names Leadership for New Renewable Energy Unit May 9, 2024 Commercial property insurer FM Global announced the launch of a renewable energy unit to help clients in the transition to...
Reserve Strengthening for Casualty Lines Not Over: Moody’s May 9, 2024 If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That’s the gist of...
US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules May 9, 2024 By Pete Schroeder A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at...
Jury Awards $9M to Player Who Sued US Tennis Association Over Coach’s Sexual Abuse May 9, 2024 By Associated Press A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the...