Editor's Picks Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon May 1, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,... Read More
Philips Paying $1.1B to Resolve Lawsuits Over Breathing Machines That Expel Debris May 1, 2024 By Matthew Perrone Medical device maker Philips said it will pay $1.1 billion to settle hundreds of personal injury lawsuits in the U.S.... Read More
Editor's Picks Report: Late April Tornadoes Affected 7K Properties with Reconstruction Cost of $2.1B May 1, 2024 The tornadoes that swept through the Great Plains on April 26 and 27 damaged and destroyed roughly 7,000 homes and... Read More
Hack That Paralyzed US Health Care Turns Up Scrutiny on Insurer April 30, 2024 By John Tozzi, Riley Griffin and Jordan Robertson When a cyberattack on Change Healthcare paralyzed much of the US health-care system, some lawmakers saw it as proof its... Read More
Editor's Picks Warren Buffett’s PacifiCorp Now Faces $30 Billion Fire Claim Demand April 30, 2024 By Rachel Graf Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an... Read More
Growing Progressive Set to Hire 10,000 for Claims, IT, Other Roles April 30, 2024 Progressive Insurance aims to hire thousands to support several years of year-over-year growth, according to a media statement. At Progressive,... Read More
Editor's Picks Lockton Re: Hypothetical Cyber Event Offers Carriers an Opportunity to Review Risks April 30, 2024 A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a... Read More
Williams-Sonoma to Pay $3.2M for Violating FTC’s ‘Made in USA’ Order April 30, 2024 Home products retailer Williams-Sonoma will have to pay almost $3.2 million for violating a Federal Trade Commission “Made in USA”... Read More
BHP, Vale Offer Brazil $25.7 Billion Payment for Dam Disaster April 30, 2024 By Archie Hunter and Mariana Durao Mining giants BHP Group and Vale SA offered to pay Brazil about $25.7 billion in total compensation for a 2015... Read More
‘Fearless Girl’ Lawsuit by State Street Settles on Eve of Trial April 30, 2024 By Chris Dolmetsch State Street Corp. and the artist it commissioned to create Wall Street’s sculpture have settled a 2019 lawsuit on the... Read More