Bayer AG is preparing to announce a $10.5 billion settlement push to resolve current and future cancer lawsuits over its top-selling Roundup weedkiller, according to people familiar with the plan. The German conglomerate is set to propose a $7.5 billion …
Munich Re’s primary insurance unit Ergo aims to cut about 1,000 positions in Germany, partly as a result of its increased use of artificial intelligence. The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said …
Vanderbilt Minerals, which mines materials used in industrial products, filed for bankruptcy after its cash flow was overwhelmed by an increase in lawsuits that accuse the company of once selling items contaminated by asbestos. The firm, which denies that its …
The Coalition Against Insurance Fraud announced new leadership appointments across several of its committees and task forces, reinforcing its commitment to collaboration, innovation, and excellence in fraud prevention. The Coalition’s 14 committees and task forces play a vital role in …
BluNiche, the London-based product recall specialist MGA, announced the launch of its Pharmaceutical Recall Insurance product, expanding its portfolio to provide dedicated coverage for the pharmaceutical sector. The new offering provides comprehensive recall protection for pharmaceutical companies, contract manufacturers, contract …
Hybrid work is driving a new class of workers’ compensation risk—one that’s harder to verify, slower to resolve and increasingly costly. Understanding why and what to do about it requires a new approach to data, validation, and proactive risk management. …
MSIG USA named Ron Morris chief claims officer. He reports to CEO Peter McKenna. Morrison will oversee the company’s enterprise claims function, with responsibility for claims strategy, operations, technical quality, litigation management and organizational development. Morrison previously held senior claims …
Brian Deephouse, vice president and chief actuary at Auto Club Enterprises, was elected chair of the Insurance Institute for Highway Safety’s board of directors and Dawn Lee, chief product and underwriting officer at PEMCO Mutual Insurance Company, will continue as …
A category of insurance risk that hardly existed a little over a decade ago has morphed into a meaningful source of losses for the industry. Claims tied to SRCC—strikes, riots and civil commotion—are emerging as a growing headache for insurers …
North Mississippi senators pleaded for an improved disaster response from the state last week as thousands of their constituents still lacked power nearly three weeks after the January winter storm. Sen. Rita Potts Parks, a Republican from Corinth, repeatedly told …