Court Rejects J&J Bid to Toss Baby Powder Verdict But Cuts Damages to $2.1B June 23, 2020 By Jonathan Stempel A Missouri appeals court on Tuesday rejected Johnson & Johnson’s bid to throw out a jury verdict in favor of...
Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study June 23, 2020 By L.S. Howard Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm...
Millions of Abandoned Oil and Gas Wells Pose Environmental, Health Risks June 23, 2020 By Nichola Groom In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well...
LGBTQ Employees Still See Equality Gaps After Supreme Court Ruling on Firing June 23, 2020 By Cathy Bussewitz and Joseph Pisani Even with this week’s Supreme Court ruling, the workplace will be far from equal for lesbian, gay, bisexual and transgender...
Bayer Reported to Be Near $8-10 Billion Roundup Settlement: Handelsblat June 23, 2020 Bayer AG is close to agreeing a settlement worth $8-10 billion over claims its glyphosate-based Roundup weedkiller causes cancer, German...
A Picasso, an $18M Hole, a Casino Owner, an Auctioneer, an Insurer and a Contractor June 23, 2020 By Andrew G. Simpson Insurance specialist LeConte Moore and professional fine art appraiser Vincent Wiener deal with high-profile performers and artists and their works...
Hiscox, Thimble to Offer Short-Term Business Insurance Plans June 23, 2020 Hiscox has partnered with Thimble, a short-term liability insurance provider for small businesses, to offer coverage available by the hour,...
Supreme Court Upholds But Curbs SEC’s Power to Force Ill-Gotten Gains in Fraud Cases June 22, 2020 By Lawrence Hurley and Andrew Chung The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender...
There’s Plenty of Room for Improvement in U.S. Commercial Lines: Fitch June 22, 2020 By Susanne Sclafane With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10...
AXA XL’s Mackie Joins Liberty Mutual Re to Head U.S. Property Business June 22, 2020 Two-year old Liberty Mutual Re said it has appointed Scott Mackie to the role of director of Assumed Reinsurance –...