Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021 February 15, 2022 An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty...
J&J Defends Baby Powder Bankruptcy Strategy Cancer Plaintiffs Call ‘Rotten’ February 15, 2022 By Dietrich Knauth A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to...
How Car, Home Inflation Is Driving Up Loss Costs for Insurers February 15, 2022 By Jim Sams The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to...
Judge Throws Out Palin Defamation Suit But Still Wants Jury to Issue Verdict February 14, 2022 By Jody Godoy and Jonathan Stempel A U.S. judge said on Monday he will throw out Sarah Palin’s defamation lawsuit against the New York Times, after...
Valentine Heartbreaker: Romance Scammers Took in $547 Million in 2021 February 14, 2022 By Andrew G. Simpson New data show that more consumers than ever are falling prey to romance scammers. Consumers reported losing $547 million in...
People Moves: Burns & Wilcox Adds 5 to Private Client and Flood; AmTrust Forms New E&S Leadership Team Led by Bublitz February 14, 2022 Wholesale insurance broker Burns & Wilcox has added five new associates across the country to its private client and flood...
Judge Sets March Hearing on Boy Scouts Bankruptcy After Claimant Group Signs On February 14, 2022 By Randall Chase The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether...
Judge Blocks Biden Order on Calculating Climate Risks in Government Decisions February 14, 2022 By Nichola Groom A federal judge on Friday blocked for now the Biden administration from restoring Obama-era values for calculating the cost of...
Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court February 14, 2022 By Steven Church Hertz Corp., battling hundreds of customers who say they were falsely arrested for auto theft after renting cars, was ordered...
Jury Deliberates Over Palin Defamation Claim Against New York Times February 14, 2022 By Jonathan Stempel and Jody Godoy Jurors began considering whether to hold the New York Times liable for defaming Sarah Palin, after her lawyer on Friday...