Litigation/Liability Trends
NFIP, Private Flood Insurance Carriers, Auto Writers Will Handle Brunt of Florence Losses
The National Flood Insurance Program, private flood insurance carriers and auto insurance writers will likely deal with the bulk of insured losses from Hurricane Florence, Fitch Ratings said in a new ...
J&J Talc Supplier Settles Lawsuit, Avoiding Jury Loss Risk
Imerys SA, which supplies talc to Johnson & Johnson, isn't taking chances as another jury weighs whether to sock the health-care giant with a punishing verdict. A unit of Imerys agreed to settle ...
State Farm to Use Drones for Assessing Hurricane Florence Damage
Drones will be allowed to fly long distances and over populated areas across four states to assess damage from Hurricane Florence, after U.S. aviation regulators granted the first such approvals to ...
Exxon Mobil, Chevron, Occidental Join Rivals in Initiative Targeting Carbon Emissions
Exxon Mobil, Chevron and Occidental Petroleum are joining a group of international oil and gas giants in an initiative aimed at curbing carbon emissions in the sector, they said in a statement on ...
Cyber Attacks Double, as Carriers Better Protect Themselves: Accenture
Insurers are doing a better job protecting themselves from cyber attacks even as attempted breaches have nearly doubled, a new Accenture study has found. The percentage of successful global insurance ...
Hurricane Florence and Business Interruption: Floods Delay Shipments at Port of Wilmington
The Port of Wilmington in North Carolina remains shut in the aftermath of Hurricane Florence, freezing shipments of everything from fertilizer to textiles. Florence dropped as much as 40 inches (102 ...
Hurricane Florence Shuts Down Slaughter Plants, Damages Hog Manure Pits
U.S. food companies kept slaughter plants shut on Monday in southeastern states swamped by Hurricane Florence as catastrophic flooding killed nearly 2 million chickens, collapsed the walls of at ...
Visa, Mastercard Agree to $6.2B Class Action Settlement Over Swipe Fees
Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an ...