Norfolk Southern to Pay $600 Million to Settle Ohio Spill Case April 10, 2024 Norfolk Southern Corp. said it will pay $600 million to settle a proposed class action lawsuit targeting the rail company...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch April 10, 2024 By Lisa Howard Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three...
California Lawmakers Introduce Disaster Resiliency Bill to Aid State’s Insurance Issues April 10, 2024 California representatives Mike Thompson (D-CA) and Doug LaMalfa (R-CA) introduced the Disaster Resiliency and Coverage Act of 2024. H.R. 7849...
No More Surprises: Accurately Assessing Renewables Replacement Costs April 10, 2024 By Bobby McFadden and Todd Burack As the renewable energy sector experiences rapid growth and technological advancements, asset owners and insurers face a critical challenge: accurately...
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023 April 9, 2024 It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles were reported stolen –...
Tesla Settles Over Fatal Autopilot Crash on Eve of Trial April 9, 2024 By Rachel Graf and Dana Hull Tesla Inc. reached a settlement on the eve of its highest-profile trial yet over a crash blamed on Autopilot, the...
Texas Chemical Plant to Pay $6.6M Over Injuries From 2019 Fire April 9, 2024 Intercontinental Terminals Company LLC agreed to pay more than $6.6 million to federal and state natural resource trustees to resolve...
Why Near-Miss Cyberattack Put US Officials and Tech Industry on Edge April 9, 2024 By Raphael Satter German software developer Andres Freund was running some detailed performance tests last month when he noticed odd behavior in a...
Credit Suisse Unit Did ‘Incompetent Best’ for Billionaire Client, Lawyer Says April 9, 2024 By Hugo Miller and Low De Wei A lawyer for a Credit Suisse trust seeking to overturn the $743 million in damages the bank owes to Georgian...
Dog-Related Injury Claim Payouts Hit $1.12B in 2023, Report Shows April 9, 2024 Dog-related injury claims payouts are now more than $1 billion. U.S. insurers paid out $1.12 billion in dog-related injury claims...