Claims / Legal
Specialty Insurers Face Pricey Post-Wildfire Claims in Wake of Utility PG&E’s Bankruptcy Filing
Specialty insurers will likely deal with "substantial claims and losses" in the wake of the recent bankruptcy filing for California utility PG&E Corp., whose equipment may have contributed to ...
China Is Trying to Take Control of Western Data and Networks, U.S. Envoy Warns
China seeks to take control of Western data and networks, the U.S. ambassador to the European Union said, in the latest warning from Washington to its allies that they should think twice before using ...
BP Agrees to Expand Greenhouse Emissions Disclosures on Oil Investments
BP has agreed to broaden its disclosure on greenhouse gas emissions to show how it thinks future investments in oil and gas align with U.N.-backed climate goals, it said on Friday. Following talks ...
Botox Maker Allergan Sues Rival, Alleging It Stole Manufacturing Secrets
Allergan Plc and partner Medytox Inc. are seeking to block U.S. imports of a new rival to the wrinkle-treatment Botox, claiming it was developed using stolen manufacturing secrets and turncoat former ...
28 Carriers Join FEMA Renewal of $1.3B Reinsurance Program
The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood insurance losses to the private sector. The 2019 ...
Business Interruption: U.S. Automakers Curtail Operations After Severe Cold, Gas Utility Fire
The three largest automakers in the U.S. suspended operations, or dialed them back, at several plants on the coldest day of the year after a fire at a natural gas facility in Southeast Michigan ...
Commercial Auto Has a Long Way to Go Before Rebounding: W.R. Berkley CEO
Despite better pricing, commercial auto still has a way to go before it rebounds from its long-term problems, according to W.R. Berkley Corp.'s president and CEO. "It is very clear that the market is ...
Bayer/Monsanto Fails to Keep Controversial Evidence From Roundup Cancer Trials
A federal judge overseeing lawsuits alleging Bayer AG's glyphosate-based Roundup weed killer causes cancer on Monday tentatively allowed pieces of controversial evidence that the company had hoped to ...