News
Climate Change Made Deadly UK Heat Wave at Least 10 Times More Likely: Study
The UK's heat wave last month fueled so many blazes in London that the city's fire service was busier than any day since Nazi attacks in World War II. More than 840 people may have died in England ...
Landfills Could Soon Be Piled With Thousands of Wind Turbines
A new study led by the University of South Australia indicates tens of thousands of wind turbine blades will end up in landfills by the end of the decade unless end-of-life programs are established ...
Judge Questions 3M’s Use of Bankruptcy to Fight Veterans’ Suits
The federal judge administering more than 230,000 lawsuits against 3M Co. questioned whether the industrial giant acted in good faith when it decided to try to shift the cases to bankruptcy court ...
Executives on the Move at USAA, AXA XL
USAA announced that Randy Termeer has been named president, Property and Casualty Insurance. Termeer joined USAA in 2017 as senior vice president and general manager of Auto Insurance. Most recently, ...
How Climate Change Drives Heatwaves and Wildfires
Brutal heatwaves gripped both Europe and the United States last week and are forecast to dump searing heat on much of China into late August. In addition to temperatures spiking above 40 Celsius (104 ...
Allergan Poised to Pay More Than $2B in Opioid Settlement
AbbVie Inc.'s Allergan unit has reached an agreement to pay more than $2 billion to resolve thousands of lawsuits filed by state and local governments over the marketing of its Kadian opioid ...
Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg
Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to "keep pace with loss costs, which are hardly benign." Greenberg said during the July 27 call to ...
Lemonade Closes Deal for Metromile
Digital insurer Lemonade said it has closed the acquisition of pay-per-mile car insurance provider Metromile in an all-stock transaction. Metromile shareholders received 7.3 million Lemonade shares, ...