Florida Ratings Crisis: Fannie and Freddie Agree to Accept Citizens-as-Backstop Plan December 8, 2022 By William Rabb It took more than four months, but Fannie Mae and Freddie Mac have now agreed to accept an innovative but...
Judge Dismisses 1,000 Shingles Vaccine Claims Against Merck for Lack of Evidence December 8, 2022 By Andrew G. Simpson After four years of multidistrict litigation, a federal judge in Pennsylvania has dismissed 1,189 lawsuits claiming the Zostavax shingles vaccine...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation December 8, 2022 As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but...
Collapse of FTX Provides ‘Sobering Warning’ for Insurers About Governance Failings December 8, 2022 The collapse of the cryptocurrency exchange FTX demonstrates the dangers of failures of corporate governance, according to a commentary published...
Credit Suisse Clears 1st Hurdle Toward $440M Greensill Lawsuit Against SoftBank December 8, 2022 By Jonathan Browning Credit Suisse Group AG cleared the first hurdle toward kick-starting a long-awaited $440 million lawsuit against SoftBank Group Corp. stemming...
AM Best Revises Outlooks to Negative for Wisconsin’s Badger Mutual December 8, 2022 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and...
Coast Guard Blames Pilot for Cargo Ship Grounding in Chesapeake Bay in March December 8, 2022 By Rebecca Santana A Coast Guard investigation into the grounding in March of a cargo ship in the Chesapeake Bay faulted the pilot...
Cosby, NBC, Studio Face New Sex Abuse Lawsuit Under New York’s Filing Extension December 8, 2022 By Maryclaire Dale Five women who have long accused Bill Cosby of sexually assaulting them early in their careers have filed the latest...
Court Weighs Novel Issue of Crypto Ownership in Bankruptcy December 8, 2022 By Tom Hals and Dietrich Knauth A U.S. judge this week is considering for the first time the question of who owns bitcoin and other tokens...
G-7’s Price Ceiling on Russia Oil Isn’t Low Enough to Hit Putin’s War Budget: Economists December 8, 2022 By Bloomberg News The Group of Seven’s price ceiling on Russian oil exports isn’t low enough to take a big bite out of...