U.S.
Design Flaws in ‘Smart Home’ Devices Threaten Sense of Security They Bring
Researchers at North Carolina State University have identified design flaws in "smart home" Internet-of-Things devices that allow third parties to prevent devices from sharing information. The flaws ...
J&J Reportedly Will Fork Over $1B to Resolve Most Metal-Hip Suits
Johnson & Johnson agreed to pay about $1 billion to resolve most lawsuits claiming it sold defective metal-on-metal hips that ultimately had to be removed, according to people with knowledge of ...
Lawsuits Accuse Two U.S. Solar Firms of Workplace Racism
Two residential solar companies have now been accused in separate lawsuits of discriminating against African American employees in warehouses. Six former employees of New Jersey-based Momentum Solar ...
AIG’s Duperreault Promises a Full Year of General Insurance Underwriting Profit, Catastrophes or Not
American International Group President and CEO Brian Duperreault insists that the insurer's General Insurance unit will generate an underwriting profit through all of 2019. During the insurer's May 7 ...
Nationwide, Ryan Specialty Form New Bermuda Reinsurer
Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with ...
Judge Approves $307.5M Fiat Chrysler Diesel Emissions Settlement
A federal judge in San Francisco on Friday approved a $307.5 million civil settlement for about 100,000 U.S. owners of Fiat Chrysler diesel vehicles that the government said had illegal software that ...
At Long Last, AIG Achieves a General Insurance Unit Underwriting Profit
Insurer American International Group Inc reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since ...
Carriers, Agents Gain Plenty by Keeping Small Biz Customers Happy With Claims Processing
If carriers and agents can handle their small business clients' claims well, they could be better positioned to keep their customers happy. Approximately 94 percent of small business owners who said ...