Risks Too Big for Insurers Feed a $200 Billion Market Boom September 5, 2024 By Natasha White As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a...
Hong Kong Warns of Flight Disruptions as Super Typhoon Nears September 5, 2024 By Ben Sharples and Dominic Lau Hong Kong raised its storm warning to the third-highest level as Super Typhoon Yagi skirts the city, with flights set...
Oregon Hospital Hit With $303M Suit After Nurse Accused of Replacing Fentanyl With Tap Water September 5, 2024 Attorneys representing both living and deceased patients of an Oregon hospital filed a $303 million lawsuit against the facility after...
Reinsurers’ Appetite for Natural Catastrophe Risks Grows — But Discipline Remains September 5, 2024 By L.S. Howard Top reinsurers are showing increasing—but disciplined—appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable...
Using AI to Provide a More Human Claims Experience September 5, 2024 By Marc Rothchild The robots are coming—and in some cases, they’re here. Advancements in generative artificial intelligence are enhancing claims processes in many...
NYC Cab Crash Sends Rider on ‘Nightmare’ to Get Insurance Money September 5, 2024 By Natalie Lung, Laura Nahmias and Claire Ballentine Carlos Quiles says he was seriously injured in May 2022 when the Uber he was traveling in crashed into two...
Johnson & Johnson Adds $1.1B to Proposed Talc Settlement September 5, 2024 By Mike Spector, Dietrich Knauth and Sriparna Roy Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its...
U.S. Judge Says X Must Face Class Action Age Bias Claims Over Mass Layoff September 5, 2024 By Daniel Wiessner A federal judge in San Francisco has ruled that roughly 150 older workers who were laid off by social media...
SEC’s WhatsApp Probe Expands as Moody’s, S&P Hit With Fines September 4, 2024 By Lydia Beyoud Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating...
U.S. Agency Reports 28th Takata Air Bag Inflator Death Since 2009 September 4, 2024 By David Shepardson The National Highway Traffic Safety Administration said on Tuesday it had confirmed the 28th death in the United States stemming...