National News

Passengers, Crew Killed in California Boat Fire Tragedy

Divers and search crews were still looking Tuesday for nine missing people after at least 25 were confirmed dead when a boat packed with scuba divers caught fire near an island off the Southern California coast. The dive-boat Conception became …

Drug Firms Must Face Trial Over Opioids Crisis Claims

A U.S. judge on Tuesday rejected efforts by major drugmakers, pharmacies and distributors to dismiss claims that they caused the nation’s opioid crisis, clearing the way for a scheduled landmark trial even as he pushes for a nationwide settlement. U.S. …

UBS Estimates $25 Billion in Hurricane Dorian Losses

Hurricane Dorian, the storm currently devastating the Bahamas, will cause at least $25 billion of losses for insurers, according to analysts at UBS Group AG, a figure that would make it the most expensive natural disaster for the industry since …

Court Allows Liability Lawsuit Against Government Over Flawed Background Check on Shooter

A lawsuit over a faulty background check that allowed a South Carolina man to buy the gun he used to kill nine people in a racist attack at a Charleston church was reinstated Friday by a federal appeals court. A …

Insurers Help Design Luxury Homes to Mitigate Disaster Losses

Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage, tapped into a program that …

Jury Indicts Capital One Hacker Suspect on Wire Fraud, Data Theft Charges

A federal grand jury has indicted the suspected hacker who obtained personal information of over 100 million people in the Capital One Financial Corp. data breach on charges of wire fraud and computer data theft, the U.S. Department of Justice …

Industry Appointments: Honk, QBE, Insurity, Berkley One

Honk Appoints Executive VP Honk Technologies, a platform that connects drivers with towing professionals and insurers, announced the appointment of Rochelle Thielen to the nearly created role of executive vice president for partnerships. Thielen is an automotive industry expert with …

DuPont to Stop Buying Firefighting Foam With Controversial PFAS Chemicals

Industrial materials maker DuPont said on Wednesday it would stop buying and using firefighting foams made with a controversial class of chemicals, which are at the center of multiple environmental lawsuits, by the end of 2021. The chemicals, which have …

More Tesla Solar Panel Claims Surface; 2 Home Insurers Allege Negligence

One evening last year, David Burek noticed charred wood and a burning smell in his attic, near his young sons’ bedroom. He climbed a ladder and saw a melted connector wire from the solar panels installed on the roof of …

Sacklers to Remain Billionaire Family If Purdue Settles Opioid Lawsuits

The Sackler family — once known as global philanthropists backed by a fortune made from opioids and other drugs — may lose most of their wealth if they agree to an $11.5 billion settlement to resolve lawsuits against them and …

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