U.S.
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 ...
Florida Regulators Unveil Ratings Crisis Solution: Let Citizens Reinsure Carriers
Florida's insurance commissioner announced Wednesday that his office has found an "unprecedented solution" to the looming property insurer rating crisis — let Citizens Property Insurance Corp. ...
Overdue or Overboard? Florida Divided on Demotech’s Planned Downgrades
The property insurance community has divided into two camps after the firestorm that erupted over the potential financial rating downgrades for 17 Florida insurance carriers. One camp argues that the ...
FEMA Report: Flood Insurance Hikes Will Drive 1 Million From Market
When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation's flood insurance program will prompt more people to sign up for coverage, even ...
Jury Verdict: Tesla 1% Negligent In Fatal Model S Crash
A Florida jury found electric car maker Tesla Inc. to be 1 percent negligent in the death of an 18-year-old man whose Model S sedan slammed into a concrete wall after the car's speed limiter had been ...
Uber Waiving Fees for Disabled Riders in ADA Suit Settlement
Uber Technologies Inc. will pay more than $2 million and waive wait time fees for disabled passengers to settle U.S. allegations that the ride share company had violated the Americans with ...
MLB Agrees to Pay $185 Million to Settle Minor League Wage Suit
Major League Baseball agreed to pay $185 million as part of a settlement with minor league ballplayers who say the league exploits them, knowing they will play for peanuts for a chance to make it to ...
Insurers Wrangle Over Amber Heard Defamation Costs
A little over a month after a jury found that actress Amber Heard had defamed ex-husband Johnny Depp, one insurer of Heard is asking a court to rule it has no obligation to indemnify her. New York ...