Banks Seek to Quash Women’s Lawsuits in Jeffrey Epstein Case January 3, 2023 Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should...
U.S. Sues AmerisourceBergen, Says Distributor Helped Ignite Opioid Epidemic January 3, 2023 By Jonathan Stempel, Nate Raymond and Gram Slattery The U.S. government filed a lawsuit accusing AmerisourceBergen Corp., one of the nation’s largest drug distributors, of helping ignite the...
Boy Scouts, Catholic Dioceses Find Haven From Sex Abuse Suits in Bankruptcy January 3, 2023 By Kristina Cooke, Benjamin Lesser and Mike Spector Lawmakers around the United States have tried to grant justice to victims of decades-old incidents of child sexual abuse by...
$5.4B Insured Losses from Winter Storm Elliot: KCC December 29, 2022 Insured damage to residential, commercial, and industrial properties and automobiles will be about $5.4 billion from Winter Storm Elliot, according...
Insurance M&A Activity Slowed in 2022: S&P December 29, 2022 Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped...
Not Time to Celebrate Soft Market but Commercial Insurance Rates Are Stabilizing December 29, 2022 By Susanne Sclafane With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for...
Ransomware Did Not Cause Direct Physical Loss, State High Court Says December 29, 2022 By Jim Sams A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no...
Top 10 National Insurance Journal Stories of 2022 December 29, 2022 By Chad Hemenway Auto insurers have had difficulties coming out of the pandemic – when streets were relatively unpopulated. The topic was the...
Google, YouTube Content Providers Must Face U.S. Children’s Privacy Lawsuit December 29, 2022 By Jonathan Stempel A U.S. appeals court on Wednesday revived a lawsuit accusing Alphabet Inc’s Google and several other companies of violating the...
LastPass Says Hackers Stole Customer Data, Encrypted Passwords December 28, 2022 By William Turton LastPass, a password management service, announced on Thursday that hackers stole encrypted copies of customer passwords and other sensitive data...