Markets
Johnson & Johnson Announces $5.5 Billion Settlement of Talc Lawsuits
Johnson & Johnson said on July 27 it would pay an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer, in a ...
Bill to Curb Staged Accidents Introduced in Senate
The industry trades have come out to support the latest effort on Capitol Hill to thwart staged accidents. Sen. Ashley Moody on July 22 introduced the Staged Accident Fraud Prevention Act. About a ...
Waymo Driverless Cars Crash Less Than Human Drivers: IIHS Study
A new study shows that Waymo driverless cars are involved in fewer crashes than human drivers, but the federal system monitoring automated vehicles needs improvement, according to the Insurance ...
New York Approves 22% Workers’ Compensation Cost Reduction
New York has approved a 21.9% reduction in workers compensation insurance premium rates, which the state says represents an estimated savings of more than $1 billion for businesses or an average of ...
Berry Producer Driscoll’s Sued Over Alleged Use of Forever Chemicals
The world's largest berry company will have to face a class-action lawsuit for supposed "greenwashing" after it allegedly failed to disclose the risk or use of pesticides containing what are known as ...
Global Commercial Insurance Rates Keep Falling; Down 8 Quarters in a Row
Global commercial insurance rates dropped by 6%, on average, in the second quarter of 2026, following a 5% decline in Q1 2026, according to Marsh's latest Global Insurance Market Index (GIMI). ...
This Year’s SCS Loss Totals Will Fall Below Average: KCC Analysis
According to a bulletin published by KCC, the risk modeling firm projects that severe convective storm losses for all of 2026 will drop below annual averages based on loss activity accumulated so far ...
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent
It's no surprise given the penetration of artificial intelligence into lives and businesses that it appears insurers are gearing up to exclude AI risk in some of their commercial liability policies. ...