J&J Talc Cancer Plaintiffs Want 6-Month Ban on Further Bankruptcy Filings August 3, 2023 By Dietrich Knauth Lawyers for thousands of people who claim Johnson & Johnson’s talc-based powders caused them to develop cancer on Wednesday urged...
Marsh McLennan Agency Acquires Graham Company August 2, 2023 Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy...
Baseball-Size Hail Makes Insuring Solar and Wind Farms Pricier August 2, 2023 By Mark Chediak The Scottsbluff solar farm in western Nebraska was built to withstand most hailstones. But the icy pellets that rained down...
GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall August 2, 2023 By Ezra Amacher FEMA’s National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021 but the program faces...
Aon: Public D&O Pricing Drops for Fifth Straight Quarter; 96% Retain Carriers August 2, 2023 By Jahna Jacobson Despite movement in limit and deductible levels, public directors & officers (D&O) pricing continues to drop for the fifth consecutive...
X, Musk Seek Dismissal of Lawsuit Over Ex-Twitter Workers’ Severance Pay August 2, 2023 By Daniel Wiessner X Corp, the social media company formerly known as Twitter, and owner Elon Musk have asked a Delaware federal judge...
Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B August 1, 2023 By Chad Hemenway Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the...
AIG General Insurance Sees Strong Q2 Growth, Margin Improvement August 1, 2023 By Chad Hemenway American International Group saw second quarter growth in net premiums written in its general insurance segment to $7.5 billion, a...
PCF Insurance Services Secures $400M Financing as Part of New Loan August 1, 2023 PCF Insurance Services said today that it closed $400 million in incremental debt financing led by Blue Owl, a global...
NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue August 1, 2023 By David Shepardson U.S. auto safety regulators said Tuesday they have opened an investigation into 280,000 new Tesla Model 3 and Model Y...