AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 July 29, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...
Indivior Reaches $86 Million Opioid Settlement With 16 States July 29, 2024 By Jonathan Stempel Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction...
Crop Insurance Won’t Let Some Farmers Adapt to Climate Change July 29, 2024 By Miranda Jeyaretnam In Kansas, where a prolonged drought has killed crops and eroded the soil, Gail Fuller’s farm is like an oasis....
Abbott Loses $500 Million Infant Formula Verdict, Lawyers Say July 29, 2024 By Robert Burnson and Jef Feeley Abbott Laboratories was ordered by a jury to pay almost $500 million over allegations that it hid the risk that...
Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts July 29, 2024 By Allen Laman Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S. Chamber of Commerce Institute for...
J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy July 26, 2024 By Jonathan Randles, David Voreacos and Steven Church Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands...
MGU Private Client Select Teams With Ryan Specialty on High Net Worth July 26, 2024 Private Client Select Insurance Services (PCS) said it has entered into an agreement with Ryan Specialty on a distribution partnership....
Rushed Railcar Inspections and ‘Stagnated’ Safety Record Reinforce Concerns July 26, 2024 By Josh Funk Major freight railroads are rushing railcar inspections, reinforcing known safety concerns raised by unions for years, but at a House...
How to Outperform: Don’t Outsource Underwriting to MGAs July 26, 2024 By Susanne Sclafane Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with...
People Moves: Liberty Mutual Names Haase CFO; Peirce to Retire July 26, 2024 Julie Haase has been named executive vice president and chief financial officer of Liberty Mutual Insurance, effective Jan. 1, 2025....