A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware Supreme Court ruling in January has emboldened insurers …
More than 50 years ago, nearly a dozen men incarcerated outside of Philadelphia enrolled in an experiment funded by Johnson & Johnson, according to unsealed documents. Now, those studies have come back to haunt the world’s largest maker of health-care …
The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as Wednesday, March 16, said two people familiar with the agency’s planning. One of the people, who spoke anonymously about private agency plans, …
Insurance technology provider Zywave has agreed to offer an $11 million fund to settle a class-action lawsuit related to a data breach at a company it acquired in 2020. A proposed class-action suit was filed against Insurance Technologies Corp. (ITC) …
US Insurers — already hammered by extraordinary losses caused by natural disasters — are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property Casualty Insurance Association said Friday. APCIA said private property …
While he didn’t say that distribution of Root Insurance products through independent agents was off the table in 2022, the insurtech’s chief executive officer did say during a recent earnings call that the company is now laser-focused on embedded insurance. …
Applied Financial Lines Names Noble, Owen and Dau Nebraska-headquartered specialty insurer Applied Underwriters has expanded its Applied Financial Lines unit with several key appointments. Kim Noble has been named vice president, Applied Financial Lines. Prior to joining Applied Financial Lines, …
The U.S. Supreme Court on Monday declined to hear Alphabet Inc’s attempt to nix a lawsuit by shareholders accusing the Google parent company of fraudulently concealing a security glitch that left private user data exposed. The justices left in place …
U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was above 7%. The survey compared prices charged on policies …
Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure, and other industries and it urges the insurance industry to reevaluate exposures. Russia’s invasion of Ukraine “will undoubtedly push the boundaries of acceptable …
