The Hartford Financial Services Group Inc. will pay $650 million to settle claims for historic sex abuse allegations against the Boy Scouts of America, the insurer announced late Friday.
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Four drugmakers, including Johnson & Johnson and Teva Pharmaceutical Industries Ltd., will go to trial on Monday over claims they helped fuel an opioid crisis that has resulted in nearly 500,000 overdose deaths in the United States.
The Securities and Exchange Commission said Thursday it has issued a whistleblower award of more than $50 million to joint whistleblowers, which is the second-largest award in its history.
A Starr Insurance Cos. unit has prevailed in a case where it backed off from defending a retail chain after it was warned away by the California attorney general.
Cincinnati-based Core Specialty Insurance Holdings Inc. and Long Beach, New York-based Lancer Financial Group Inc. will merge in a stock and cash transaction, resulting in a post-merger Core Specialty with more than $1 billion in equity capital, the insurers said in a statement Friday.
A Mohawk casino that closed its doors in March 2020 after a COVID-19 case was reported at a nearby college cannot recover under its FM Global unit policy’s business interruption coverage, a New York federal district court said Thursday.
A Texas hospital employee who claimed she was injured in an elevator failed to provide “a scintilla of evidence” in her premises liability personal injury claims against her non-subscribing employer, an appellate court said.
A man who staged a workplace injury with medical costs totally nearly $30,000 will not have the opportunity to expunge his criminal record after a New Jersey court denied his request to enter the state’s pretrial intervention program.
Oilfield firm U.S. Well Services Inc. filed a patent infringement lawsuit against rival Halliburton Co. and shale oil producer Cimarex Energy Co. on Thursday, alleging they infringed its electric fracking patents.
Arch Capital Group Ltd. said Friday that its first-quarter pretax catastrophe losses will be between $180 million and $190 million across its property/casualty insurance and reinsurance segments.
A New Jersey transportation company has pleaded guilty to workplace safety violations that resulted in a worker’s death, according to a statement from the U.S. Department of Justice.
A senior official with the U.S. Department of Justice said on Thursday the government is examining dozens of Russian companies that could threaten the integrity of American firms’ supply chains.
The injuries suffered by a call center employee who slipped and fell backward on an icy curb leading from the parking lot to the building where she worked in Salem, Oregon, are compensable, an appeals court in Oregon ruled Wednesday.
The Risk & Insurance Management Society Inc.’s annual conference has never been a dry event. And as RIMS regulars know, there is usually dancing at some point.
Tesla Inc. has settled a lawsuit against a former employee who copied the source code of the electric vehicle maker's Autopilot technology, according to a U.S. district court filing dated April 15.
Aon PLC’s offer of a wide range of concessions to secure European Union approval of its planned acquisition of rival Willis Towers Watson PLC has clearly dominated this week’s news. The EU has set July 27 as the deadline for its decision.
Tropical cyclone Seroja has caused an estimated $200 million Australian ($152.4 million) in damage to the Australian towns of Kalbarri and Northampton after making landfall as a Category 3 storm on April 11.
Aon PLC’s divestment proposals submitted to the European Commission to win antitrust approval for its proposed merger with Willis Towers Watson PLC reportedly fail to address competition concerns outside Europe.
U.K.-based insurer Beazley PLC is launching Beazley Breach Response and InfoSec cyber insurance policies for small and medium-sized businesses in Germany.
Austria-based Vienna Insurance Group AG expects approximately €10.4 billion ($12.4 billion) in total volume of gross written premiums in 2021, similar to that seen in 2020.