The generic drug maker Teva Pharmaceuticals agreed Monday to pay $225 million to settle price-fixing charges related to sales of a major cholesterol-lowering drug.
Category: Show on Homepage
As Wildfires Multiply, A New Era of Air Pollution
From Quebec to British Columbia to Hawaii, North America is facing an extraordinary wildfire season—and regions both near and far have found themselves increasingly blighted by smoke exposure.
Munich Re Remains World’s Largest Reinsurer in AM Best’s Top 50 Ranking
Munich Reinsurance Company holds onto the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2022, followed again by Swiss Re Ltd.
Florida Regulators Say No to Citizens’ Request for 13.3% Rate Increase
Amid explosive growth in its number of policies, Citizens this year asked the Office of Insurance Regulation for approval of an overall 13.3% rate increase, with 12% hikes for “multi-peril” policies on primary residences.
Maui Fire Lays Bare Utility Missteps Mirrored Across the Country
When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country.
Dangerous Levels of PFAS Detected in Water for 27 Million
Toxic “forever chemicals” are far more widespread through the country’s drinking water systems than previously known, according to new EPA data released Thursday.
Car Prices Might Be Unsustainable for Buyers
Five years ago, there were a dozen models of new cars that sold for less than $20,000. In 2023, there was only one: the spartan Mitsubishi Mirage hatchback, which accounted for about 5,300 of the 7.7 million new vehicles sold in the U.S. in the first half of the year.
Judge Rules AI-Generated Art Can’t Be Copyrighted
A U.S. District Court judge has ruled that art created by artificial intelligence cannot be copyrighted, in a decision that could impact the Hollywood strikes, in which AI is a key issue.
Private Flood Insurers Seize Opportunities to Grow Market Share
As the federally backed National Flood Insurance Program (NFIP) faces obstacles in the rollout of its new rating program that is generating premium increases for many of its policyholders, the private flood insurance market has benefited by significantly growing its market share across the U.S., according to an issues brief published today by the Insurance Information Institute (Triple-I).
Cyber Price Increases Fall to An Average 3.6% in Q2: CIAB
In the “strongest sign of relief” of the past two years for cyber insurance buyers and their brokers, cyber premiums rose by an average of just 3.6% in the second quarter of 2023, according to the Council of Insurance Agents & Brokers’ (CIAB) latest survey.