Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, the first time a gunmaker has been held responsible for a mass …
An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during the same period the prior year, …
A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused cancer. The subsidiary, LTL Management, …
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced last week. Perhaps that should be no surprise. “It’s the things that we all …
A U.S. judge said on Monday he will throw out Sarah Palin’s defamation lawsuit against the New York Times, after concluding that an editorial in the newspaper did not maliciously link the former Alaska governor and 2008 Republican U.S. vice …
New data show that more consumers than ever are falling prey to romance scammers. Consumers reported losing $547 million in 2021 alone. The Federal Trade Commission’s data spotlight shows that in 2021 reported losses to romance scammers were up nearly …
Wholesale insurance broker Burns & Wilcox has added five new associates across the country to its private client and flood teams within its Personal Insurance practice group. The professionals joining Burns & Wilcox teams include Nelson Oliva, Kristopher Guasch, Andrew …
The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA’s reorganization plan should be confirmed after an agreement with the official committee representing more than 80,000 men who …
A federal judge on Friday blocked for now the Biden administration from restoring Obama-era values for calculating the cost of climate change in the government’s permitting, investment and regulatory decisions. The preliminary ruling by a U.S. District Court judge in …
Hertz Corp., battling hundreds of customers who say they were falsely arrested for auto theft after renting cars, was ordered by a federal judge to disclose how many renters it accuses every year. U.S. Bankruptcy Judge Mary Walrath sided with …
