liability News

Reckitt Chief Defends Safety of Baby Formula, Will Fight Verdict

Reckitt Benckiser Group Plc’s chief executive officer vowed to fight to overturn a verdict that blamed one of the company’s Enfamil formulas for the death of a premature baby. Enfamil Premature 24 “is safe and critical and we have no …

California Insurer of Last Resort Is Unprepared for Big Disaster

California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential losses, up from $50 billion six years ago, California …

Reckitt Unit Hit With $60 Million Verdict in Enfamil Baby Formula Case

An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company’s Enfamil baby formula. The jury in an Illinois …

Marsh Specialty: 2024 Elections to Direct Global Course for Next Decade-Plus

More than 60 elections will be held worldwide in 2024, and the outcomes will likely affect international relationships, drive policy uncertainty and disrupt markets, Marsh Specialty leaders said in a new political risk report. “The outcomes of the elections taking …

Viewpoint: UIM Coverage and The ‘Floating Layer’ Theory

Most insurance claims professionals understand that, as opposed to uninsured motorist (UM) coverage, which pays damages to an insured who is involved in an accident with an uninsured driver, underinsured motorist (UIM) coverage is automobile insurance coverage which protects an …

Study Quantifies Rise in School Shootings and Fatalities Since 1970

The incidence of school shootings more than quadrupled over the past 53 years, according to a study analyzing data from the Center for Homeland Defense and Security. The study, published in the Journal of the American College of Surgeons, analyzed …

Xcel Texas Wildfire Legal Reckoning to Take Years to Play Out

Xcel Energy Inc. will likely be wrangling for years with the legal fallout from the wildfires burning through the Texas Panhandle. The experience of utility companies in California and Oregon sued over massive blazes sparked by downed power lines shows …

Chemical Linked to Cancer Found in Acne Creams Including Proactiv, Clearasil

Hand sanitizers were tainted by benzene. Sunscreens and dry shampoos too. Now acne treatments are joining the list of widely used consumer products found to contain high levels of the chemical linked to cancer. Acne products from brands including Proactiv, …

New York Pet Store to Pay $300K Settlement for Selling Sick Puppies

New York Attorney General Letitia James announced that a pet store chain will have to pay $300,000 to 190 customers who they knowingly sold sick puppies to at locations on Long Island. As part of the settlement, Shake A Paw …

UnitedHealth Outlines Timeline for Restoring Services After Hack

UnitedHealth Group Inc. services are starting to be restored more than two weeks after a cyberattack on its Change Healthcare subsidiary snarled the US health system. Some parts of the network that handle payments and medical claims will come back …