Claims / Legal
Group of State Attorneys General Urge Support for $26B Opioid Settlement
A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still ...
Onslaught of Ransomware Hacks Force Carriers to Reassess Cyber Business
The hacks came one right after another, sowing chaos at hospitals, idling America's biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 ...
Heaviest Rains in 1,000 Years Strike Chinese Province, Killing at Least 25
At least 25 people have died in China's flood-stricken central province of Henan, a dozen of them in a subway line in its capital that was drenched by what weather officials called the heaviest rains ...Carrier Management Midyear Update 2021: What’s Next?
As insurance and reinsurance leaders take a deep breath and prepare for a mask-free future, they probably do so with a combination of excitement and trepidation. Challenges ahead are interlaced with ...
U.S. Mandates ‘Urgently Needed’ Cybersecurity Protections for Critical Pipeline Owners
The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement "urgently needed protections against ...
Germany’s Severe Floods Will Hurt, but Insurer Earnings Should Not See Major Impact: Fitch Ratings
The severe floods in Germany could add up to 5 percentage points to German non-life insurers' net combined ratios (net claims and expenses to net premiums), according to Fitch Ratings. The insured ...
J&J Reportedly Considering Putting Talc Liabilities Into Bankruptcy
Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven ...
Cyber Risk Increasingly Threatens Credit Ratings: S&P
Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a new report from S&P Global Ratings. S&P cited the Colonial oil pipeline attack in the U.S. in late ...