J&J $80 Million Damages Award Could Signal More Talcum Cancer Claims April 12, 2018 By Margaret Cronin Fisk and Jef Feeley Johnson & Johnson and a talc-mining company were ordered by jurors to pay $80 million in punitive damages for hiding...
Octo Telematics’ IPO Delayed After Sanctions Hit Russian Shareholder: Sources April 12, 2018 Italy’s Octo Telematics has put a planned initial public offering on hold after sanctions were imposed on controlling shareholder Renova...
Tesla Insists Driver to Blame for Fatal Crash; Family Hires Lawyer April 12, 2018 By Keith Naughton and Dana Hull Tesla Inc. again placed blame for a fatal crash involving a Model X last month on the driver as the...
EU Regulators Urge Insurers, Banks to Take ‘Timely Action’ to Avoid Brexit Disruption April 12, 2018 By Huw Jones European Union regulators urged banks, investors and customers on Thursday to take “timely action” to avoid disruption to cross-border derivatives...
Judge Sets Schedule for Opioid Lawsuits Against Drug Companies April 12, 2018 By Nate Raymond A federal judge pushing for a settlement in lawsuits seeking to hold drug companies responsible for their roles in the...
Everest Re Expects Q1 Catastrophe Losses of $100M on Rising California Wildfire Claims April 12, 2018 Everest Re Group Ltd. estimates it will incur $100 million of catastrophe losses, net of reinsurance recoverables and reinstatement premiums,...
Marsh Subsidiary Jelf to Acquire Scottish Insurance Broker Clark Thomson April 12, 2018 Jelf, a consultant that specializes in insurance, risk management and employee benefits, announced it has reached an agreement to acquire...
North Carolina Regulators Say Chemours Lied About Chemical Discharge ‘For Years’ April 12, 2018 By Emery P. Dalesio North Carolina should tackle an emerging problem of water and air pollution from little-studied industrial chemicals by beefing up the...
Florida’s Citizens Approves Changes to Managed Repair Program to Stem AOB Abuse April 12, 2018 By Amy O'Connor Citizens Property Insurance Corp. has approved a slate of policy language changes designed to protect consumers while addressing rising costs...
Specialty Insurance Group Launches Online Coverage Portal for Special Events April 11, 2018 Specialty Insurance Group (SIG), a unit of Everest Insurance and a member of the Everest Re Group companies, has released...