U.S.
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements ...
U.S. Supreme Court Takes Up Clash Between Religion and LGBT Rights
The U.S. Supreme Court on Tuesday took up a major new legal fight pitting religious beliefs against LGBT rights, agreeing to hear an evangelical Christian web designer's free speech claim that she ...
COVID Underscores Lack of Whistleblower Protections
Originally posted on Stateline, an initiative of The Pew Charitable Trusts. Inside a partially completed Amazon warehouse here, workers last summer walked on conveyor belts four stories high without ...
Sackler Family Proposes Up to $6B Opioid Settlement
The Sackler family owners of Purdue Pharma LP have proposed a new and larger settlement worth up to $6 billion to resolve allegations that the OxyContin maker and its owners contributed to the deadly ...
Tesla ‘Phantom Braking’ Prompts New NHTSA Probe
Auto safety regulators in the U.S. have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 ...
Insurers Take Credit Score Battle to Washington Supreme Court
Insurer groups last week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington. The American Property Casualty Insurance Association, the ...
4 Insurers, 5 Policies to Pay $73M Sandy Hook Settlement Against Gunmaker Remington
A federal bankruptcy court in Alabama has approved insurance payments totaling $73 million by four insurers to the families of the victims of the Sandy Hook massacre. The settlement with gunmaker ...
Gunmaker Remington to Pay $73M to Sandy Hook Families
Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, marking the first time a ...