EPA Power to Curb Carbon Emissions Questioned by Supreme Court March 1, 2022 By Lawrence Hurley and Valerie Volcovici Conservative U.S. Supreme Court justices on Monday appeared skeptical of the federal government’s authority to issue sweeping regulations to reduce...
Aon Discloses ‘Cyber Incident’ Amid Mounting Concerns Over Hacks February 28, 2022 By Max Reyes Aon Plc is investigating a “cyber incident” that the insurance brokerage said impacted a limited number of its systems. The...
Judge Greenlights J&J Strategy to Resolve Talc Lawsuits in Bankruptcy Court February 28, 2022 By Dietrich Knauth and Tom Hals Johnson & Johnson can use the bankruptcy system to resolve multibillion-dollar litigation claiming its talc products cause cancer, a U.S....
Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate February 28, 2022 By Andrew G. Simpson The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state...
Hyundai, Kia Are Sued After Recalling Vehicles Because of Fire Risk February 28, 2022 By Jonathan Stempel Hyundai Motor Co. and Kia Corp. were sued on Friday by drivers who claimed a defect in their vehicles’ anti-lock...
Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020 February 28, 2022 Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the...
AM Best: Ukraine Invasion to Likely Have ‘Substantial Impact’ on Insurance Industry February 28, 2022 Russia’s invasion of Ukraine could add to inflationary pressures and will likely have a substantial impact on the global insurance...
Lemonade Execs Expect ‘Peak Losses’ in 2022 February 25, 2022 By Susanne Sclafane With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over...
Pandemic, Other Risks Weigh on Minds of Middle-Market Execs February 25, 2022 Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the...
Insurance Technology: Nationwide Sponsors Homecare Robots; Trucker Platform Nirvana Raised $25M; DealerPolicy Rebrands as Polly; Dent.co Aids Auto Repairs February 25, 2022 Nationwide Sponsors Labrador Retriever Robot Giant insurer Nationwide is partnering with an early-stage robotics company, Southern California-based Labrador Systems, on...