National News

Aon: Mega Claims Driving Hardening of Hospital and Physician Liability Market

At first blush, it appears all is well within the hospital and physician professional liability market: For claims costing less than $2 million, severity is projected to increase 2% and frequency is expected to be flat, according to an analysis …

In New Headache, WeWork Says it Found Cancer-Causing Chemical in its Phone Booths

NEW YORK — Cash-strapped WeWork, the office-sharing company that is trying to negotiate a financial lifeline, has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites in the United …

Moody’s to Weigh City Efforts to Cope with Climate Change in Bond Ratings

For Moody’s Investors Service, it’s no longer enough for cities to have plans addressing their risks from climate change. The company’s municipal-bond analysts, armed with data, will soon determine how those strategies compare with others — and may change their …

J&J Says No Legal Reserves Needed Amid Wave of Lawsuits

Johnson & Johnson won’t set aside any legal reserves for the more than 100,000 lawsuits it faces across its portfolio of drugs, consumer products and medical devices, saying it expects to fight and win many of the claims. The company …

Pregnancy Discrimination Continues, 41 Years After Banned by Federal Law

For 41 years, federal law has banned pregnancy discrimination in the workplace. But the stories tumbling out this week show it’s far from eradicated. Prompted by presidential candidate Elizabeth Warren’s claim that she was forced out of a teaching job …

J&J Faces 100,000 More Damage Claims After Taking $8 Billion Hit

Johnson & Johnson has taken some costly beatings in court this year. And it could get worse. Just last week, a jury ordered J&J to pay $8 billion for wrongfully pushing doctors to prescribe the anti-psychotic drug Risperdal. While the …

Purdue Judge Halts Government Opioid Suits Against Drugmaker

Purdue Pharma LP and its billionaire owners won a temporary reprieve from nearly 2,700 opioid lawsuits, giving the bankrupt drugmaker time to clinch a deal that would atone for its role in America’s addiction epidemic. U.S. Bankruptcy Judge Robert D. …

Growing Private Flood Market Will Test Claim Professionals

A nudge into the market by carriers offering private flood insurance is becoming more of a shove, which might bring new opportunities for claims adjusters and maybe create a more efficient claims process along the way. An executive for Munich …

Nike to Shut Down Oregon Project After Top Coach Is Banned

Nike Inc. is ending its Oregon Project supporting elite track athletes after a top coach was banned for violating anti-doping rules in a scandal that has engulfed the sport’s biggest corporate backer. A company spokesman confirmed the decision, which came …

FEMA Bought 44,000 Flood-Prone Homes and May Have to Buy Millions More

As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared for a massive, government-subsidized migration away from flood-prone areas, according to the first comprehensive analysis …

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