Johnson & Johnson has agreed to pay $700 million to settle an investigation by 42 U.S. states and Washington, D.C. into its marketing of baby powder and other talc-based products blamed for allegedly causing cancer.
Author: Annie George
USI: Commercial Property Insurance Market More Stable and Capitalized
According to USI Insurance Services, following on from last year’s challenging property insurance market, 2024 is proving to be a “more stable and capitalized market.”
Amazon Drivers File Legal Claims for Unpaid Wages and Other Losses
Thousands of delivery drivers filed legal claims against Amazon on Tuesday, alleging the company’s classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses.
Auto-Owners to Sue Michigan Over No-fault Auto Insurance Court Ruling
Auto-Owners Insurance is preparing to sue the state of Michigan over the state’s insistence on the continued enforcement of parts of the 2019 no-fault auto insurance reform to drivers who were injured before the passage of the law.
Insurers Prepare Models as Meteorologists Predict Record Hurricane Season
Insurers are preparing for an active hurricane season in the North Atlantic. Forecasters such as Colorado State University and the National Hurricane Center predict 17 to 25 named storms.
U.S. Commercial Insurance Rates Maintain Predictable Trend at 6.3%
U.S. commercial insurance prices have maintained a steady trend with respect to consistent, routine, price increases, according to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) for the first quarter of 2024.
Moody’s: Cyberattacks Pose Increasing Threat to Creditworthiness
The costs from cyberattacks — from business interruption to ransomware payments and legal settlements — pose an increasing threat to company creditworthiness due to loss of customers, theft of intellectual property or a break in revenue flows, Moody’s Ratings said.
What Does the Active Hurricane Season Mean for the Texas Home Insurance Crisis?
We’ve heard from several outlets that the 2024 Atlantic hurricane season is projected to be explosive. In May, for example, the National Oceanographic and Atmospheric Administration (NOAA) projected an 85% chance of an “above-normal” season with multiple major hurricane possibilities.
Congressional Committee Finds Wall Street ‘Colluded’ to Curb Emissions
A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions.
The Cost of Home Ownership Is Surging for Americans
US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home, according to a new Bankrate study.