Johnson & Johnson says a $417 million verdict in a talc powder cancer case should be thrown out because three jurors were excluded by fellow panelists from the decision-making process. The three were wrongly left out of deliberations on the …
California has taken another step toward permitting testing of self-driving vehicles without a human driver, continuing a shift away from previous policies that companies criticized as being overly restrictive. The state’s Department of Motor Vehicles this week released revisions to …
Ophelia strengthened into a Category 2 hurricane forecast to strike Ireland, where one of the nation’s strongest storms in half a century threatens everything from farms to a golf course owned by the family of U.S. President Donald Trump. Ophelia’s …
A tanker truck wreck forced the closing of Delaware’s main north-south highway in both directions Wednesday as crews worked to clean up thousands of gallons of spilled gasoline, authorities said. State police said the accident occurred about 8:20 a.m. when …
The Indian government raised about 98 billion rupees ($1.5 billion) on Friday by selling some of its shares in General Insurance Corp of India (GIC Re), the nation’s top reinsurer, in the country’s biggest listing in seven years. [Editor’s note: …
A crop insurance agent in Kentucky is facing federal charges alleging she defrauded taxpayers of $169,000 by helping farmers inflate tobacco crop losses and collect insurance money and then helping them sell their burley at market. The Lexington Herald-Leader reports …
A Mississippi woman has been arrested in a workers’ compensation fraud case. Attorney General Jim Hood said Wednesday, in a news release, that 35-year-old Francine Owens is accused of giving misleading statements to Indemnity Insurance Company of North America, claiming …
The cheating crisis engulfing Kobe Steel Ltd just got bigger. Chief Executive Hiroya Kawasaki on Friday revealed that about 500 companies had received its falsely certified products, more than double its earlier count, confirming widespread wrongdoing at the steelmaker that …
A new regulation issued by the New York State Department of Financial Services (DFS) aims to curb costs and abuses of New York’s no-fault insurance law while leveling the playing field for New York insurers, according to a DFS press …
S&P Global Ratings has revised its outlook on the Society of Lloyd’s to negative from stable, while reaffirming the market’s ‘A+’ insurer financial strength and long-term counterparty credit ratings on Lloyd’s. With estimated net losses of £3.3 billion ($4.4 billion) …
