Industry Loss Reserves Redundant by $28 Billion: Assured Research March 24, 2021 By Susanne Sclafane Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves...
AstraZeneca to Publish Full COVID-19 Vaccine Clinical Trial Results on Efficacy March 24, 2021 By Kate Kelland and Julie Steenhuysen AstraZeneca will publish up-to-date results from its major U.S. COVID-19 vaccine trial within 48 hours after health officials publicly criticized...
Boston Scientific Settles States’ Surgical Mesh Device Marketing Claims for $189M March 24, 2021 By Jonathan Stempel Boston Scientific Corp. agreed to pay $188.7 million to settle claims by most U.S. states that it deceptively marketed its...
Helicopter Crash Exposes Deadly Loophole for Aerial Sightseeing March 24, 2021 By Alan Levin The five people who signed up for a helicopter sightseeing flight above New York City three years ago might have...
The Hartford Rejects Chubb’s $23 Billion Buyout Offer March 23, 2021 The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The...
U.S. Oversight Board Questions AstraZeneca’s COVID-19 Vaccine Data March 23, 2021 By Miyoung Kim and Caroline Copley AstraZeneca may have released outdated information on its latest COVID-19 vaccine trial, giving an “incomplete” picture of its efficacy, a...
Swiss Cyber Security Firm Says It Accessed Servers of a SolarWinds Hacking Group March 23, 2021 By Daniele Lepido A Swiss cyber-security firm says it has accessed servers used by a hacking group tied to the SolarWinds breach, revealing...
The Inflation Specter Looms for Property/Casualty Insurers March 23, 2021 By Bill Burns Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise...
Allianz Partners Adds Epidemic Coverage to Travel Insurance Products March 23, 2021 Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage...
Supreme Court Nixes Facebook Bid to Curtail $15B Class Action Over User Tracking March 22, 2021 By Andrew Chung The U.S. Supreme Court on Monday turned away Facebook Inc.’s bid to pare back a $15 billion class action lawsuit...