Severe storms in Kansas caused $879 million in insurance claims in 2025, the state insurance department said. More than 82,000 total storm claims reported in 2025. The claim amounts was a 99% increase from 2023, which totaled 147,710 claims and …
Gallagher Re named Roshan Perera managing director, head of the Asia Pacifc region and Richard Jones chairman of APACA. Perera has 25 years of experience, including two decades in various roles throughout the Asia Pacific region. He most recently served …
The Lloyd’s of London market is engaging with the U.S. government’s International Development Finance Corporation over a plan to provide political risk insurance and guarantees for maritime trade in the Gulf, Lloyd’s market officials said on Thursday. “Lloyd’s is engaging …
Bayer AG said a U.S. judge granted preliminary approval for a $7.25 billion settlement proposal aimed at resolving thousands of lawsuits over Roundup weedkiller, which have weighed on the German company for years. The class-action settlement, which Bayer proposed in …
Moderna Inc. agreed to pay $950 million to settle litigation related to the delivery technology behind its Covid shot, removing a looming financial risk for the struggling vaccine maker. The company has settled all litigation worldwide with Arbutus Biopharma Corp. …
Volkswagen AG is being sued by two U.S. dealerships who are challenging a plan to sell Scout Motors vehicles directly to consumers, bypassing their showrooms. The plan is an alleged deliberate breach of contract, according to a class-action complaint from …
European product recall activity rose for the seventh straight year in 2025, a new report shows. Sedgwick released its annual State of the Nation Product Safety and Recall Index report, which shows the 15,608 total recall events last year broke …
Gallagher Re named Roshan Perera managing director, head of the Asia Pacifc region and Richard Jones chairman of APACA. Perera has 25 years of experience, including two decades in various roles throughout the Asia Pacific region. He most recently served …
Gallagher Re named Roshan Perera managing director, head of the Asia Pacifc region and Richard Jones chairman of APACA. Perera has 25 years of experience, including two decades in various roles throughout the Asia Pacific region. He most recently served …
Elon Musk’s artificial intelligence company xAI failed to convince a California federal court on Thursday to temporarily block the state’s law requiring companies to disclose information about the data they use to train AI models. U.S. District Judge Jesus Bernal …