Markets
Federal Judge Approves $85M Settlement in Zoom Case
A federal judge in California approved an $85 million settlement between Zoom Video Communications and millions of users who said the teleconference meeting application violated their privacy rights ...
U.S. Companies Warn China’s Data Rules Risk Creating ‘Digital Island’
China's "uniquely restrictive" data laws risk boosting U.S. firms' cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group ...
Risk Alerts: Gun Liability, Subpar Building Codes, Copycat Packaging
In this edition of Risk Alerts: the shifting gun liability landscape, outdated building codes, and how copycat packaging is leading to accidental THC ingestion—especially in children. Gun ...
Say Goodbye to Collateral Requirements for Non-U.S. Reinsurers
Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States—changes that have been more than 20 years in the making. ...
RLI Combined Ratio Dips Below 80 for First-Quarter 2022
A sub-100 combined ratio is what publicly traded property/casualty insurance carriers strive to report. The sub-90s combined ratios that many carriers reported in 2021 are even better. A sub-80? That ...
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Market Profits
The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price momentum, according to a commentary published by ...
Tesla Insurance Turning ‘Nightmare’ Claims Experience Into ‘Dream’: Musk
Tesla is "trying to turn a nightmare into a dream with Tesla Insurance," Chief Executive Officer Elon Musk said Wednesday. His final words during an earnings conference call that lasted more than an ...
New Jersey Diocese Reaches $87.5M Settlement with Sex Abuse Claimants
The Catholic Diocese of Camden, N.J., and the committee representing about 300 survivors of clergy sexual abuse have reached an $87.5 million settlement that will establish a trust to compensate the ...