Walgreens to Pay $44 Million to Settle Theranos Fraud Claims September 8, 2023 By Erik Larson Walgreens Boots Alliance Inc. has agreed to pay $44 million to settle class action claims by consumers who received flawed...
FEMA Names Nearly 500 US Communities as ‘Resilience Zones’ September 7, 2023 By Leslie Kaufman Rikers Island in the Bronx, New York, made the list due to its extreme vulnerability to flooding. Lincoln, Wyoming, was...
APCIA, RAA Testify Before Senate Committee on Property Insurance Market September 7, 2023 By Chad Hemenway The American Property Casualty Insurance Association (APCIA) and the Reinsurance Association of American together presented testimony in Washington today on...
Philips to Pay at Least $479 Million For Apnea Machine Cases September 7, 2023 By Jef Feeley and Cagan Koc Koninklijke Philips NA officials have agreed to pay at least $479 million to resolve part of a sprawling litigation tied...
Microsoft Says Compromise of Engineer’s Account Led to Chinese Hack of US Officials September 7, 2023 By Raphael Satter The recently disclosed Chinese hack of senior officials at the U.S. State and Commerce departments stemmed from the compromise of...
New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims September 7, 2023 A new study has revealed that autonomous-vehicle technology reduced bodily injury claims frequency by 100% and property damage claims frequency...
The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
People Moves: Nutter to Retire as RAA President; Covington Appointed to Take the Helm September 6, 2023 The Reinsurance Association of America (RAA) on Wednesday said its long-time president, Frank Nutter, will retire at the end of...
E&S Market Lines Expand, Outperform Broader P/C in 2022 September 6, 2023 By Jahna Jacobson The U.S. excess and surplus (E&S) lines market had a good year in 2022, growing to account for nearly 9%...
Atlantic Storm Lee Set to Explode in Strength September 6, 2023 By Brian K. Sullivan Tropical Storm Lee is on track to tie Hurricane Franklin to become 2023’s strongest Atlantic storm with winds of 150...