Claims / Legal
It’s Time to Assess Cyber Insurance Coverage Gaps
As Cybersecurity Awareness Month is underway, it may be time for businesses – especially small- or mid-sized firms – to assess their understanding of current cyber risks and whether they're ...
Jury Awards $8B to Man Who Sued J&J Over Drug’s Breast-Growing Side Effects
Shares of Johnson & Johnson dipped 2% on Wednesday after a jury awarded $8 billion in punitive damages to a man who accused the drugmaker of failing to warn that young men using its antipsychotic ...
California Utility Slices Power for 800,000 as Wildfire Risks Rise
Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the ...
Cyber Insurance Does Not Make Clients Ransomware Targets: Marsh
Cyber insurance remains a useful tool in the fight against ransomware, a new Marsh briefing argues. That may seem like an obvious thing to say, but the briefing points out that some are increasingly ...
Some See Nuclear Power as a Tool to Fight Catastrophic Climate Change
Catastrophic climate change can still be averted even without increasing one of the biggest sources of carbon-free electricity. That was the message sent to International Atomic Energy Agency ...
Florida Personal Lines Insurer Ordered Into Receivership
Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable ...
Southwest Pilots Sue Boeing Over ‘Rush’ to Sell Unsafe Max Planes
The union for Southwest Airlines Co. pilots sued Boeing Co., saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed ...
Arch: Dorian, Faxai Caused Up to $75M in Pre-Tax Cat Losses
Arch Capital Group Ltd. disclosed pre-tax catastrophe losses of between $65 million and $75 million for the 2019 third quarter. Damages caused by Hurricane Dorian and Typhoon Faxai are largely to ...