New Report Shows Nuclear Verdicts Surged to $14.5B in 2023 Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more... Read More
Reserve Strengthening for Casualty Lines Not Over: Moody’s If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That’s the gist of... Read More
Reuters: In Tesla Autopilot Probe, US Prosecutors Focus on Securities, Wire Fraud U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’... Read More
Jury Awards $9M to Player Who Sued US Tennis Association Over Sexual Abuse A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the... Read More
Editor's Picks Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent... Read More
CDC Urges States to Distribute Protective Gear to Farmworkers to Guard Against Bird Flu The Centers for Disease Control (CDC) has asked that states make personal protective equipment (PPE) available to workers on dairy... Read More
Pfizer Agrees to Settle More than 10,000 Zantac Cancer Suits Pfizer Inc. has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac... Read More
Hackers Behind MGM Attack Targeting Banks, Insurers in New Campaign The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new... Read More
Insurance Firms Deny Chevron’s $57 Million Claim for Iran Oil Seizure Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to... Read More
Panera Axes ‘Charged’ Lemonades and Other Drink That Sparked Lawsuits Panera Bread Co. is discontinuing its Charged Sips, which have drawn lawsuits alleging the caffeinated drinks lead to health issues.... Read More