damages News

J&J to Pay $75 Million to Settle Mississippi’s Baby Powder Suit

Johnson & Johnson will pay $75 million to resolve a consumer protection lawsuit filed by Mississippi over the company’s failure to add a safety warning to its talc-based baby powder, according to people familiar with the settlement. The pact comes …

More Than Half of Homeowners Fear Climate Change, Most Worry About Rising Home Insurance Costs

Homeowners are increasingly worried about hazards and rising insurance costs as temperatures rise in the U.S. A survey of nearly 2,000 U.S consumers shows 51% of homeowners are worried climate change-related hazards will affect their homes, while others polled worry …

Accuweather Predicts Above-Average 2024 Atlantic Hurricane Season

Accuweather meteorologists are predicting an above-average Atlantic hurricane season with as many as 20-25 named storms. The 2024 hurricane season is forecast to feature 8-12 hurricanes including 4-7 major hurricanes. This year has the potential to break the all-time record …

SEC Suit Against Coinbase Can Go Forward, Judge Rules

The US Securities and Exchange Commission can proceed with its lawsuit against Coinbase Inc., the biggest US cryptocurrency-trading platform, claiming the company failed to register as a securities business, a federal judge in New York ruled. The SEC adequately alleged …

Six Presumed Dead After Bridge Collapse, as Port Disruptions Hit Cars to Coal

The 1.6 mile-long bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks. As much as 2.5 million tons of coal, hundreds of cars made by Ford Motor Co., and General Motors Co., …

30 Years of UIM Coverage Rules Are Wrong, North Carolina Supreme Court Says

North Carolinians can no longer stack underinsured motorist policies to compare to liability limits in order to boost the amount of coverage in an accident, the state Supreme Court said last week in a decision that overturns 30 years of …

Fires From 2023 Smoldering Under Snow Reveal Canada’s Dangerous New Reality

As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes in Alberta, dozens of the fires whose smoke darkened North America’s skies last year are still burning — with some …

Raging Storms Pushed Disaster Damages Above $100 Billion in 2023

Around the world, insured damages inflicted by natural catastrophes are climbing fast and set to double in roughly 10 years, the Swiss Re Institute — the research arm of the giant reinsurance firm — said in a report published Tuesday. …

Maxeon Solar Files Patent Infringement Lawsuit Against Canadian Solar

Singapore-based Maxeon Solar said it had initiated a patent infringement lawsuit against solar technology firm Canadian Solar in the Eastern District of Texas. The lawsuit alleged infringement of Maxeon’s patents related to TOPCon solar cell technology. Canadian Solar did not …

Study: One-Third of Households with Insurance Would Switch Providers to Acquire Smarthome Devices

One-third of U.S. internet-enabled households with homeowner’s/renter’s insurance would switch providers to acquire smarthome devices, a new study shows. Parks Associates’ research study, Insurance Opportunities in the Smart Home, examines 8,000 households to determine consumer preferences for IoT devices that …