Claims / Legal
Berkshire Hathaway Likely to Report Big Q3 Claims Costs—and Reduced Insurance ‘Float’
The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They've also turned an ...
Exxon Will Fork Over $300M to Settle U.S. Air Pollution Violations
Mobil Corp. agreed to pay more than $300 million to resolve air pollution violations tied to eight chemical plants in Texas and Louisiana, one of a pair of environmental settlements with oil ...
Calif. Wildfire Insured Losses at $3.3B and Rising: Regulator
Wildfires in California have caused insured losses of more than $3.3 billion, based on claims reported by 15 insurers, and the figure will rise, the California Department of Insurance said on ...
Investors Press U.S. Drug Companies to Review Opioid Legal, Financial, Reputational Risks
U.S. shareholder activists are addressing the soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from ...
Johnson & Johnson and Talc: What Comes Next and Why It Matters to Insurers
Johnson & Johnson is having increasing legal troubles with talc, a trend that has potential implications for the property/casualty insurance industry. That's because a number of juries have ruled ...
Live in Portland to Avoid Natural Disasters; Be Ready for Them in Miami
Tired of living with hurricanes, tornadoes or floods? Head to Portland, Salt Lake City or Providence. Or California. Yes, California. Portland, Oregon is the safest place to live to avoid hazardous ...
U.S. SEC Alleged to Wrongly Collect $14.9B From Investment Firm’s Liquidating Trustee
The U.S. Securities and Exchange Commission has been hit with a class action lawsuit seeking to recover $14.9 billion that lawyers for an investment firm's liquidating trustee say should not have ...
Basic IT Security Best Practice Could Have Minimized the WannaCry Ransomware Attack: UK Govt.
The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak ...