Monthly Archives: <span>March 2024</span>

Chances of a Weather-Roiling La Niña This Year Are Now Above 80%

The odds of a weather-roiling La Niña in the coming months are rising, elevating the risk of an unusually active Atlantic hurricane season. The chances of La Niña, a cooling of the equatorial Pacific, rose to 82% for August, September …

Reckitt Chief Defends Safety of Baby Formula, Will Fight Verdict

Reckitt Benckiser Group Plc’s chief executive officer vowed to fight to overturn a verdict that blamed one of the company’s Enfamil formulas for the death of a premature baby. Enfamil Premature 24 “is safe and critical and we have no …

Suit Says OnStar, LexisNexis Shared Driving Data with Insurers, Spiking Rates

Do motorist-assistance systems like GM’s OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed class-action lawsuit against General Motors and LexisNexis Risk Solutions, …

California Insurer of Last Resort Is Unprepared for Big Disaster

California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential losses, up from $50 billion six years ago, California …

UnitedHealth Sent $2B to Doctors, Hospitals After Change Hack

UnitedHealth Group Inc. said it advanced more than $2 billion to medical providers after a cyberattack on the company’s Change Healthcare subsidiary last month halted billions of dollars in medical payments. Health-insurance industry leaders are meeting with US officials Monday …

Uber Pays Australian Taxi Drivers $178 Million in Settlement

Uber agreed to pay A$271.8 million ($178 million) to compensate thousands of taxi drivers in Australia who claimed they lost income when the ride-share company entered the local market. Uber Technologies Inc. settled the class action brought by more than …

Reckitt Unit Hit With $60 Million Verdict in Enfamil Baby Formula Case

An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company’s Enfamil baby formula. The jury in an Illinois …

Florida Jury Awards $32M Against Florida Clinic. Did ‘Changing Stories’ Play Role?

A Broward County jury has decided that the Cleveland Clinic Florida should pay almost $32 million to the estate of a man who was not put in intensive care after suffering septic shock and who later died. The jury found …

Survey Shows One-Third of Americans Think AI is a Good Idea for Insurers

Roughly one-third of Americans think it is a good idea for insurance companies to use AI, a new survey shows. The survey was conducted online in January with more than 1,000 adult participants across the U.S. Respondents were asked eight …

Apple, Investors Reach $490 Million Settlement in Fraud Case

Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects. Cook made false statements about the …