National News

Supreme Court to Hear Nvidia Bid to Scuttle Shareholder Lawsuit

The U.S. Supreme Court agreed on Monday to hear a bid by Nvidia to scuttle a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales went to the volatile cryptocurrency industry. The …

J&J Talc Users Want Cancer Checks Even If It Cost Billions

Johnson & Johnson should be on the hook for potentially billions of dollars in medical fees for women who used its talc-based baby powders and want to monitor their future health over cancer fears, according to a lawsuit. Lawyers representing …

States Lose Challenge to Legal Protections for Workers Who Get Abortions

A federal judge in Arkansas has tossed out a legal challenge by 17 Republican-led states to a U.S. agency rule giving workers who had abortions the same legal protections as those who are pregnant or recently gave birth. U.S. District …

Severe Storms Caused $722M in Catastrophe Losses in May: Progressive

Progressive on Friday said severe storms mostly in Texas and the Midwest caused about $722 million in net catastrophe losses to the insurer. In its monthly announcement of financial results on Friday, the Mayfield Village, Ohio-based insurer said the storm …

People Moves: McCarthy to Become ISU CEO; WTW Hires Aon’s Graziano to Lead Casualty Strategy for CRB NA; Markel Names McGrath Head of Fine Art N.A.

ISU Group (ISU), an independent agency network, said Dan McCarthy will become the next chief executive officer, assuming the responsibilities held by T.J. Ryan III over the past 35 years. McCarthy is currently ISU’s chief operating officer, a role he …

Report: Corporate Risk Level Highest in 12 Years

Economic volatility, geopolitical upheaval and artificial intelligence (AI) have driven the corporate threat level to its highest in 12 years, according to Clyde & Co’s 2024 Corporate Risk Radar. The survey of C-Suite decision-makers, in-house legal teams and general counsel, …

US Lawmakers Grill Microsoft President Over China Ties, Hacks

Microsoft President Brad Smith fielded questions about the tech giant’s security practices and ties to China at a House homeland security panel on Thursday, a year after alleged China-linked hackers spied on federal emails by hacking the firm. The hackers …

Business Liability Claims Litigation Jumped in 2023: Lex Machina

After holding relatively steady for nearly a decade, the number of business liability policy claims cases jumped 28% in 2023, according to a litigation report from Lex Machina. The report found that 3,596 business liability cases covering third-party claims regarding …

Potent Hurricane Weather Pattern Continues to Take Shape, Forecaster Says

The hurricane season continues to look like it will be a highly active one, as a potent and portentous weather pattern continues to take shape, an AccuWeather meteorologist told Claims Journal on Friday. “It certainly looks like it’s going to …

42 States, J&J Finalize $700M Settlement Over Talc Marketing

Attorneys general in 42 states said they finalized a $700 million settlement with Johnson & Johnson over the marketing of its talcum powder products. The settlement, announced in principle in January, resolves an investigation by the states and Washington D.C. …

National News Archives by Month