Johnson & Johnson suffered its first trial loss in a lawsuit claiming its talc-based products including Johnson’s Baby Powder contain cancer-causing asbestos, with a New Jersey jury on Thursday ordering J&J and another company to pay $37 million in damages. …
Insurance Risk Services, a Sanford, Fla.-based provider of insurance inspection services and field underwriting support, is now conducting field inspections in Massachusetts, New York and Pennsylvania. These Northeast states have been added as part of the company’s strategic geographic expansion. …
Universal Insurance Holdings Inc.’s wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has commenced operations and written its first homeowners policy in New Hampshire. It has also launched Universal Direct, the direct-to-consumer online platform for UPCIC products, in the …
A series of winter storms and severe weather in the United States during March brought economic damages of US$3 billion, with public and private insurers covering roughly two-thirds of the cost, according to a report published by Impact Forecasting, Aon …
Facebook Inc. expressed a “willingness to engage” with European Union regulators in the wake of fresh evidence showing that data on most of the social network’s 2 billion users could have been accessed improperly. Justice Commissioner Vera Jourova is in …
Wawanesa Mutual Insurance Co. announced the appointment of Carol Jardine as president of Wawanesa’s Canadian property and casualty (P/C) operation. Prior to her appointment, Jardine was senior vice president and chief strategy officer, a position she assumed when joining the …
Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years ago when convincing …
An early forecast for the 2018 hurricane season calls for a slightly above-average season with 14 named storms, seven hurricanes, and three major hurricanes. Dr. Philip Klotzbach of Colorado State University (CSU), a non-resident scholar for the Insurance Information Institute …
Chubb announced two executive appointments in its North America Insurance operations. Christopher A. Maleno has been named division president, Field Operations, and Matthew Merna has been named division president, Major Accounts. Both appointments are effective July 2. Maleno will have …
Dog bites and other dog-related injuries accounted for more than one third of all homeowners liability claim dollars paid out in 2017, costing almost $700 million. That’s according to the Insurance Information Institute (I.I.I.) and State Farm, the largest writer …
