National News

Roundup Plaintiffs, Bayer in Talks to Settle Claims For $10 Billion

In an effort to settle tens of thousands of claims that Bayer AG’s Roundup weedkiller causes cancer, lawyers for some plaintiffs are discussing with the company deals that could lead to a total payout of about $10 billion, according to …

Reuters Report: How Secrecy in Courts Stymies Product Safety Regulation

LEBANON, Ohio — Something wasn’t right with the Rhino. Reports started trickling in to the Consumer Product Safety Commission (CPSC) in 2005 of people being killed or injured in the Yamaha Motor Co. off-road vehicles when they tipped over. But …

Toyota to Recall 3.4 Million Vehicles Over Defect in Air Bags

Toyota Motor Corp. said on Tuesday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in crashes. The recall, which includes 2.9 million U.S. vehicles, covers 2011-2019 Corolla, 2011-2013 …

Ransomware Claims Driving Up Cyber Insurance Costs

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, …

Past Decade’s Natural Disasters Broke Records for Economic, Insured Losses

The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was US$1.19 trillion higher than 2000-2009, said …

Business News: RiskStream, Sedgwick, Clara Analytics

RiskStream Launches Innovation Lab The RiskStream Collaborative, a consortium of insurers that making a joint investment in blockchain technology, has created a new entity that will work with insurers, non-insurance organizations and governmental agencies that are looking to explore targeted …

Labor Wants to Derail Cut in Train Crews from 2 to 1 Due to Brake Technology

OMAHA, Neb. — How many people does it take to operate a locomotive? For the railroad industry, the answer is simple: One. The industry is hoping this year’s scheduled completion of an automatic railroad braking system will bolster its argument …

IPO-Hopeful Airbnb’s New Governance Strategy Stresses Guest Safety, Accountability

Airbnb Inc. is laying the groundwork for a public market debut later this year, announcing a new corporate governance strategy that values safety, sustainability, diversity and accountability. The home-share startup has said it will track guest safety incidents, verify all …

Top 10 ‘Judicial Hellholes’ for 2020 Named by Tort Reform Group

It’s out: the annual report by tort reform advocates of what they say are the nation’s worst local courts and states that are abusing the civil justice system. The report also warns of state courts that did not make the …

Judge Cuts Johnson & Johnson Damages from $8 Billion to $6.8 Million in Risperdal Case

A Pennsylvania judge on Friday slashed to $6.8 million from $8 billion a punitive damages award against Johnson & Johnson to a man who said it failed to warn that boys using its antipsychotic drug Risperdal could grow breasts. Judge …

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