U.S.
J&J Will Recall 33,000 Bottles of Baby Powder After FDA Finds Asbestos Traces
Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after the U.S. health regulators found trace amounts of asbestos in samples taken from a ...
James River Insurance Retains Rating After Dropping Its Largest Customer, Uber
Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its ...
Brexit Business Opportunity: More Deals in Legacy General Insurance Policies
Britain's impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers. Whether Britain ...
Executives On The Move at BHSI and Marsh & McLennan
Berkshire Hathaway Specialty Insurance hired veteran executives from RSA, Chubb and Allianz to fill three key leadership positions in Madrid. Marsh & McLennan made executive appointments in two ...
Hospital and Physician Liability Market Hardens Rapidly Due to Mega Claims: Aon
At first blush, it appears all is well within the hospital and physician professional liability market: For claims costing less than $2 million, severity is projected to increase 2% and frequency is ...
J&J Offers $4B to Settle Opioid Claims; Distributors Agree to Pay $18B
Johnson & Johnson has offered to pay $4 billion to settle all claims accusing the company of helping fuel the U.S. opioid epidemic, as part of a potentially larger deal involving drugmakers and ...
UK, EU Forge Brexit Deal, but Obstacles Remain
Negotiators from the U.K. reached an agreement with officials in Brussels Thursday that could pave the way for Britain to finally break 46 years of ties with the European Union. But Northern ...
Coal and Oil Are Passé in AXIS Capital’s New Clean Energy Policy
AXIS Capital Holdings Ltd. won't insure, invest in or provide insurance or reinsurance for new coal plants or oil pipeline as part of an initiative designed to reduce climate risks and support the ...