U.S.
DuPont Defeated in First Liability Trial Over Toxic Teflon-Making Chemical
A cancer patient prevailed in her lawsuit against DuPont on Wednesday, when a jury awarded her $1.6 million and found the company liable for leaking a toxic chemical used to make Teflon into the ...
Lloyd’s Insurer Waiting List Reaches 327-Year Record
The waiting list for an insurer to get a spot on the underwriting floor of Lloyd's of London is the longest in its 327-year history, indicating record demand for access to the market. Lloyd's has ...
RMS Buys Up Real-Time Hurricane Impact Data Startup
Catastrophe modeling firm RMS has acquired HWind Scientific LLC, a startup focused on producing real-time hurricane impact data. Neither side disclosed financial details. But RMS said the acquisition ...
Wal-Mart, Visa Seek an End to Retailer’s $5B Swipe-Fee Lawsuit
Wal-Mart Stores Inc. and Visa Inc. are in talks aimed at settling the retailer's $5 billion lawsuit over processing fees. The negotiations were disclosed in a court filing Monday in Brooklyn federal ...
The Latest Launches From Ironshore and Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance launched two new policies that provide cyber liability and breach response coverage with risk management resources. They're known, respectively, as the ...
Zurich, ACE, CNA and Catlin Vets to Lead BHSI’s New Expansion Effort
Berkshire Hathaway Specialty Insurance hired veteran executives from Zurich, ACE, CNA and Catlin to help beef up its U.S. underwriting capabilities and continue its expansion. "With this infusion ... ...
Fifth Third Bancorp Will Pay $85M to Settle Mortgage Fraud Case
Fifth Third Bancorp will pay more than $84.9 million to resolve U.S. civil fraud charges that it failed to disclose material defects in more than 1,400 mortgage loans in a timely manner after ...
Significant Auto Losses Expected From Carolinas Storm
Claims are already starting to trickle in from the major storm that hit South Carolina over the weekend and is now causing additional flooding problems in North Carolina. According to State Farm ...