As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, …
Hong Kong raised its storm warning to the third-highest level as Super Typhoon Yagi skirts the city, with flights set to be disrupted throughout Friday as the storm tracks toward southern China. The Hong Kong Observatory issued a so-called Typhoon …
Attorneys representing both living and deceased patients of an Oregon hospital filed a $303 million lawsuit against the facility after a nurse was accused of replacing prescribed fentanyl with nonsterile tap water in intravenous drips. The wrongful death and medical …
Top reinsurers are showing increasing—but disciplined—appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound investment income, according to a report published by S&P Global Ratings. Most of the 19 …
The robots are coming—and in some cases, they’re here. Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing videos and images to assessing damage quickly. With all of …
Carlos Quiles says he was seriously injured in May 2022 when the Uber he was traveling in crashed into two parked cars in Queens — after the driver lost control of his Toyota while trying to clear a fly or …
Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said. The increase would boost the …
A federal judge in San Francisco has ruled that roughly 150 older workers who were laid off by social media platform X when Elon Musk acquired the company can sue for age discrimination as a class, exposing the company to …
Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from US regulators’ so-called WhatsApp investigations. The Securities and …
The National Highway Traffic Safety Administration said on Tuesday it had confirmed the 28th death in the United States stemming from a defective Takata air bag inflator since 2009. The issue has prompted the largest-ever recall in U.S. history. Over …