Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits. The proposed settlement — worth more than $8 billion — wrongly …
Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial that was scheduled to begin Wednesday over how to split a $4 billion settlement. The agreement means victims and survivors will not have to testify, …
Denmark will ramp up inspections of ships transporting Russian oil through its narrow straits, in an effort to protect the environment and maritime safety from older vessels in Moscow’s shadow fleet. The Danish Maritime Authority will start conducting so-called Port …
Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers Companies Inc. announced Tuesday it will lose an estimated $1.7 billion from last month’s wildfires, which swept through the region …
Embedded insurance is no longer just an emerging trend; it’s becoming a central strategy for retailers and non-insurance brands looking to enhance customer experience, drive loyalty, and generate new revenue streams. With global gross written premiums in embedded insurance projected …
Sedgwick is acquiring Bottomline’s legal spend management division. Sedgwick plans to operate the LSM business as a separate division, and the company anticipates transitioning roughly 300 LSM employees. The transaction is subject to customary conditions and regulatory approvals. The LSM …
The Georgia Office of insurance commissioner will hold a hearing March 20 on new rules regarding fire safety, including the storage of lithium-ion batteries, as well as new permitting rules for mobile homes. The first set of rules would bring …
Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third straight calendar year, bolstered by improved underwriting and higher investment income in its insurance businesses. Much of that income came …
U.S. automaker General Motors and its subsidiary OnStar agreed not to disclose sensitive vehicle geolocation and driver behavior data to consumer reporting agencies for five years, the U.S. Federal Trade Commission said last week. The agency alleged the largest U.S. …
Vanguard Group will pay more than $106 million to settle U.S. Securities and Exchange Commission allegations that it made misleading statements about capital gains distributions and tax consequences to retail investors who held popular target-date retirement funds in taxable accounts. …