Citigroup Inc. asked a court to dismiss a lawsuit by a former senior data compliance official who accused it of firing her for refusing to mislead a regulator about the bank’s data governance practices. Kathleen Martin was “lawfully and legitimately …
In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows. The S&P Global Market Intelligence analysis …
The U.S. auto safety regulator said on Friday it has opened a recall query into over 120,000 Honda 7267.T Ridgeline U.S. vehicles over rear-view camera (RVC) failures. The U.S National Highway Traffic Safety Administration (NHTSA) said the query concerned the …
Homeowners are cutting back on dining out, travel, groceries and even medication to afford their soaring property insurance premiums. One in 10 are considering relocating to an area with lower premiums. Within the last five years, homeowners’ insurance premiums have …
The National Football League was hit with about $4.7 billion in damages — which stands to be tripled to $14 billion under federal law — after losing a jury trial over anticompetitive features of its Sunday Ticket broadcast package. A …
The US Supreme Court tossed Purdue Pharma LP’s $6 billion opioid settlement, nixing a deal that would have funded opioid epidemic relief efforts in exchange for protecting the company’s billionaire owners from lawsuits alleging they helped fuel the addiction crisis. …
Ten major US and European banks, including Goldman Sachs Group Inc., JPMorgan Chase & Co. and BNP Paribas SA, plan to pay a combined $46 million to end a lengthy legal battle with pension plans that accused them of conspiring …
Read the first part in this series, The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and Insurers. In last month’s column, we began our examination of hail and windstorm claims issues by focusing on the pervasive …
ATI Restoration named Adrian Frank the chief program officer. Frank will be responsible for aligning the operations of all ATI offices. Frank most recently served as president at AKF Associates LLC, a firm he founded that does consulting services for …
Four insurance companies filed a subrogation lawsuit against Norfolk Southern in federal court last week, alleging the rail carrier’s negligence led to the 2023 East Palestine, Ohio train derailment and subsequent fire, explosion and release of toxic chemicals. Erie Insurance …