Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of Chubb Limited, explained that social attitudes …
Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and profits. The British Independent Retailers Association (BIRA), an umbrella body grouping …
Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into law last month. House Bill 1561, …
NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots. The lawsuit filed in a state court in Columbus, Ohio, where …
A new report shows a dramatic increase in strikes, riots and civil commotion in the past two decades from 2000 to 2020. There has been a 3000% increase in SRCC events in the 20-year period, according to a report released …
Some of Britain’s most prestigious hospitals are postponing operations after a ransomware cyberattack hit a provider that helps manage blood transfusions. Certain procedures that rely more heavily on pathology services have been delayed, with blood testing being prioritized for the …
Auto insurance premiums have experienced a significant and unsustainable surge, increasing 26% over the past year. This surge can be attributed to various factors such as inflation and supply chain challenges that have caused vehicle costs to rise, and claims …
A new report shows a jump in total loss frequency for both electric and newer internal combustion engine automobiles. Mitchell this week released its Q1 2024 trends report: Plugged-In: EV Collision Insights. The report shows EV total loss frequency has …
Popular soda brand Poppi is facing a class-action lawsuit filed by a consumer who says its products don’t improve gut health as much as their marketing suggests. In a lawsuit filed last week in U.S. District Court in San Francisco, …
The safety requirements that led Toyota Motor Corp., Honda Motor Co. and other Japanese carmakers to falsify certification tests may be overly stringent and outdated given advancements in automobile design and technology, fueling calls for their review. Despite revisions since …