Elon Musk Must Face Fraud Lawsuit for Disclosing Twitter Stake Late October 4, 2023 By Jonathan Stempel Elon Musk was ordered by a U.S. judge to face most of a lawsuit claiming he defrauded former Twitter shareholders...
Selective Insurance CFO Wilcox Resigns; Harnett Named Interim October 4, 2023 Selective Insurance Group said its chief financial officer, Mark Wilcox, has resigned to hold the same position elsewhere. Wilcox, also...
People Moves: Talkowski to Lead Nationwide Middle Market Commercial Lines Team; Showalter New Head of Client Experience at Hub Private Client October 4, 2023 Nationwide has hired Kristina Talkowski from CNA to head up its middle market commercial lines business. Starting Oct. 16, she...
NHTSA Expands Probe Into Ford Engine Failures to Include Nearly 709,000 Vehicles October 4, 2023 U.S. auto safety investigators have expanded a probe into Ford Motor Co. engine failures to include nearly 709,000 vehicles. The...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit October 4, 2023 By Chad Hemenway Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep...
AstraZeneca to Pay $425 Million to End US Lawsuits Over Heartburn Drugs October 4, 2023 By Brendan Pierson Britain’s AstraZeneca has agreed to pay $425 million to settle about 11,000 lawsuits in the United States that claimed its...
Court Tosses $223.8M Verdict Against J&J in Talc Cancer Case October 3, 2023 By Brendan Pierson A New Jersey appeals court on Oct. 3 threw out a $223.8 million verdict against Johnson & Johnson that a...
Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction October 3, 2023 Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn’t mean they aren’t keeping their options open...
Consumer Product Injuries Continue to Rise After Low in 2020 October 3, 2023 Following the record low number of consumer product-related injuries reported in 2020 (an 18% decrease), injuries increased 6.8% in 2021...
People Moves: BHSI Promotes Meyer to Head of Product Liability, North America; Forte Named President of Berkley Public Entity October 3, 2023 Berkshire Hathaway Specialty Insurance (BHSI) announced it has promoted Angela Meyer to head of Product Liability in North America. She...