U.S.
McKinsey Chief Says Firm Failed to Identify Opioid Epidemic
The head of McKinsey & Co. acknowledged that it failed to see the opioid epidemic unfolding while simultaneously doing work for drug regulators and makers of painkillers including OxyContin in ...
QBE North America Launches Specialty Casualty Business
QBE North America has launched a new Specialty Casualty business that will offer admitted and non-admitted primary, lead umbrella and excess liability products, targeting a wide range of business ...
Amazon Urged to Improve Severe Weather Procedures After Deadly Warehouse Collapse
Regulators are calling on Amazon to improve its procedures for dealing with severe weather like hurricanes and tornadoes that could threaten workers at its warehouses dotted across the country. The ...
U.S. Lawmakers Push Insurers to Stop Underwriting Fossil Fuels
A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation's biggest insurance companies to stop underwriting new fossil fuel projects that ...
81% of Flood Insurance Policyholders Will See Rate Increases
When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of ...
Federal Court in Delaware Requiring Disclosure of Litigation Funding Agreements
Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to disclose whether a litigation funder has an interest in any cases brought before ...
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 ...
‘Deceptive’ Denial Letter Costs Insurer Treble Damages After Appeal to 4th Circuit
The insurer first said it would pay to repair a breezeway at a student housing complex that partially collapsed during a Saturday night student party. Then it said it wouldn't and sent the ...