Federal Appeals Court Upends $6M Lead Paint Verdict From 2019 September 23, 2022 By Andrew G. Simpson A federal appeals court has cleared one paint manufacturer and ordered a retrial for two others in a case in...
Thieves Key on Hack That Leaves Hyundai, Kia Cars Vulnerable September 23, 2022 By Tom Krisher Some Hyundai and Kia cars and SUVs are missing a “key” anti-theft device, and thieves know. An insurance industry group...
Boeing to Pay $200M to Settle Charges it Misled Investors About 737 MAX September 23, 2022 By David Shepardson Boeing Co. will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled...
Viewpoint: Significant Ruling in PFAS Litigation Could Impact Insurance Coverage September 23, 2022 By Sara C. Tilitz and Lynndon K. Groff Per- and poly-fluoroalkyl substances, commonly known as PFAS, have served as a key component in numerous industrial and consumer products...
Scientist: Climate Change Plus 3rd Straight La Niña ‘Not a Good Thing’ September 22, 2022 By Don Jergler Climate change combined with a third consecutive La Niña is “not a good thing,” a scientist is warning. Jonathan Overpeck,...
Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk September 22, 2022 Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help...
Hurricane Fiona Losses Depend on Business Interruption, Cause September 22, 2022 AM Best said it expects insured losses from Hurricane Fiona in Puerto Rico to be influenced by business interruption caused...
People Moves: Maxwell Managing Director at Markel Specialty; Bouvier Hired as Compre Claims Director; Sensa Taps Brown as COO September 22, 2022 Markel Promotes Maxwell to Managing Director, Commercial Excess Wholesale Markel Corporation has appointed Sarah Maxwell managing director, commercial excess wholesale,...
Tesla Recalls Nearly 1.1 Million Vehicles to Update Window Reversing Software September 22, 2022 By David Shepardson Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting...
New York AG’s Financial Fraud Suit Against Trump Details Insurance Scenarios September 22, 2022 By Andrew G. Simpson Donald Trump and the Trump Organization used false and misleading statements of financial condition to obtain favorable real estate loans...