Bayer said on Thursday it would book an additional provision of $4.5 billion related to litigation which alleges that its weedkiller Roundup can cause cancer. Bayer made the announcement in an update to investors on how it plans to deal …
Today, the United Nations Intergovernmental Panel on Climate Change delivered its latest comprehensive report on the state of global climate science—just the sixth in the body’s more than 30-year history. The report’s 200-plus authors distilled 14,000 individual studies to produce …
The maker of the rifle used in the Sandy Hook Elementary School shooting has offered some of the victims’ families nearly $33 million to settle their lawsuit over how the company marketed the firearm to the public. Lawyers for now-bankrupt …
Arch Reinsurance Ltd. has completed the acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates. Arch Re originally announced its plan to acquire Somerset in June. The acquisition includes Somerset’s motor insurance managing general agent, distribution capabilities …
The New York State Department of Financial Services (DFS) has issued a report analyzing New York domestic insurers’ management of the financial risks from climate change based on their 2020 responses to the National Association of Insurance Commissioners (NAIC) Climate …
Thick smoke that held down winds and temperatures began to clear Sunday from the scenic forestlands of Northern California as firefighters battling the largest single wildfire in state history braced for a return of fire-friendly weather. The winds weren’t expected …
Delaware environmental officials have issued a notice of violation to Mountaire Farms in Millsboro after a contractor damaged a pipeline and treated wastewater spilled into Swan Creek. The notice from the Department of Natural Resources and Environmental Control states a …
King County has agreed to pay $1.5 million to settle a civil rights and wrongful death lawsuit filed by the family of a young pregnant Muckleshoot mother of three fatally shot by sheriff’s deputies. Renee Davis’ death, which happened while …
The first half financial results, reported by a group of six reinsurers over the past week, generally shows a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results follows for Swiss Re, Everest …
A “highly sophisticated group” known for cyberattacks against governmental and other entities is believed to be behind the attack this spring that targeted the Alaska health department, a spokesperson for the department said. Clinton Bennett, a department spokesperson, said a …