Insurance

Federal appeals court judges on Tuesday appeared skeptical of 3M’s bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over allegedly defective military-issue earplugs. Paul Clement, a lawyer for Aearo, urged a …

Nearly 43,000 people died in U.S. traffic crashes in 2021, the highest number in 16 years with deaths due to speeding and impaired or distracted driving on the rise. The 2021 final numbers, released Monday by the National Highway Traffic …

Johnson & Johnson has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, the company said. The amount dwarfs J&J’s original offer of $2 …

Media giant Time Inc. has been denied insurance to help cover its $4.98 million settlement of two class actions that accused the publisher of using misleading magazine subscription automatic renewals. The U.S. District Court in Manhattan has granted a summary …

A lawsuit against the University of Delaware over its campus shutdown and halting of in-person classes because of coronavirus can proceed as a class action on behalf of thousands of students who were enrolled and paid tuition in spring 2020, …

Amwins Access launched its new Excess Wildfire Product, which is intended to complement a self-insured retention plan or the California FAIR plan or a similar plan. The product is written in partnership with PartnerRe Insurance Solutions Bermuda Ltd., which is …

For the third time in five months, federal safety inspectors responded to a Portsmouth, Ohio hardwood flooring mill to investigate reports of unsafe machinery. Two of those inspections involved worker’s injuries, the latest on Oct. 5, 2022, when a worker’s …

One General Agency (OGA) of Oklahoma City announced that it has acquired Jaeger + Haines, Inc., a wholesale broker in Fayetteville, Arkansas. Since 1976, Jaeger + Haines has served agents across Arkansas, Missouri, Oklahoma, and Tennessee, writing excess and surplus …

Tanabe to Succeed Ruser as WCRI CEO The Workers Compensation Research Institute (WCRI) has named Executive Vice President Ramona Tanabe as CEO as of May 1. She succeeds John Ruser, who has served in the position since 2015 and will …

National specialty insurance broker Risk Strategies has acquired May, Bonee & Clark Insurance, a Connecticut-based business and personal insurance, employee benefits and risk management firm. The firm also offers securities and investment advisory services. Formed through the merger of May, …