Association Says Travel Insurance ‘Will Likely’ Cover Injuries Sustained in Singapore Airlines Incident May 23, 2024 By Sinead Cruise and Noor Zainab Hussain Travel insurance policies “will likely” cover injuries sustained by aircraft turbulence, but policies may vary, the Association Of British Insurers...
3M’s Bid to Shield Itself from Earplug Lawsuits Faces Skeptical Judges April 5, 2023 By Brendan Pierson and Dietrich Knauth Federal appeals court judges on Tuesday appeared skeptical of 3M’s MMM.N bid to use the bankruptcy of its subsidiary Aearo...
Milliman: Black-Lung Liabilities Top $9 Billion as Coal Industry Shrinks June 9, 2022 By William Rabb The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’...
Johnson & Johnson Defends Talc Bankruptcy Strategy Called ‘Rotten’ by Cancer Plaintiffs February 15, 2022 By Dietrich Knauth A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to...
Judge Declines to Stop J&J From Splitting Talc Liabilities From Main Business August 30, 2021 By Mike Spector and Maria Chutchian A U.S. judge declined to stop Johnson & Johnson from taking steps to offload widespread Baby Powder liabilities from the...
Department Store Century 21 Shutting Down, Blames Insurers September 10, 2020 By Jeremy Hill Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming...
Baupost Collects $3 Billion Wagering on PG&E’s Wildfire Claims August 24, 2020 By Michael McDonald and Mark Chediak Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on...
Supreme Court Rejects Arizona Opioid Case Against Purdue, Sackler Family December 9, 2019 By Nate Raymond The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that...
PG&E Faces Strict Probation Judge After Massive Kincade Fire November 12, 2019 By Joel Rosenblatt For the first time since a fire last month scorched 77,758 acres of northern California, PG&E Corp. returns to the...
One Wildfire Metric Threatens to Upend PG&E’s Restructuring Plan October 29, 2019 PG&E Corp. investors looking to learn their fate may not get the answer from the bankrupt power company. Instead, the...