Insurance
J&J Vows Appeal After Jury Hits it With $1.5B Talc Cancer Award
A Baltimore jury ordered Johnson & Johnson and its subsidiaries to pay over $1.5 billion to a woman who claimed decades of exposure to asbestos in the company’s talc-based products caused her peritoneal mesothelioma, a form of cancer. Jurors in …
Read More South Korea Online Retailer Coupang Faces US Securities Class Action Over Data Breach
South Korean e-commerce company Coupang has been sued in a U.S. court in an investor class action alleging violations of securities laws after a cybersecurity breach exposed personal information of more than 33 million customers. The lawsuit, filed last week …
Read More Britain’s Top CEOs Predict the Biggest Challenges of 2026
The bosses of some of Britain’s biggest companies predict a fresh wave of challenges next year, as they absorb the impact Chancellor of the Exchequer Rachel Reeves’ tax-raising budget in November. Chief executive officers in sectors including finance, housing, gambling …
Read More Cyberattack Hits French Postal Service, Delaying Mail Deliveries
A suspected cyberattack disrupted services provided by French postal service La Poste on Monday, delaying package deliveries and online payment systems during the holiday season. The company said in a statement that a “major network incident” had disrupted its information …
Read More Instacart to Pay $60 Million in FTC Consumer Protection Case
Grocery delivery firm Instacart will pay $60 million to refund consumers who were deceived into enrolling in the company’s subscription service, Instacart+, the US Federal Trade Commission said. The consumer protection agency said the company that operates Instacart, Maplebear Inc., …
Read More Check it Twice: Holiday Cargo Theft Events Up 82% Since 2020
Keep an eye on that sleigh, Santa—holiday cargo theft events increased 82% between 2020 and 2024. “The holiday period creates conditions criminals exploit—reduced oversight, facility closures, and high-value freight moving on compressed schedules,” said Keith Lewis, vice president of operations …
Read More Markets/Coverages: Risksmith Launches New DIC Earthquake Program
Specialty managing general underwriter Risksmith Insurance Services announced the launch of its new difference in conditions (DIC) earthquake insurance program. Built for large, complex and true excess & surplus property exposures, the program offers flexibility, deep technical expertise and underwriting …
Read More Former CEO of Nonprofit P/C Statistical Agent Sentenced for Stealing Millions
A former chief executive officer of a statistical agent that compiles data from insurance companies for state insurance departments has been sentenced on charges related to her theft of millions of dollars from the organization. According to court records out …
Read More People Moves: CRC Adds New Brokers in Nashville, Birmingham
CRC Specialty, an independent wholesale specialty insurance distributor, named two new brokers in its Southeast operations. Ron Bussey will be a senior broker based in Nashville, focused on casualty insurance placements for large and middle-market clients, the company said in …
Read More People Moves: XPT Specialty Hires Corrado; NFP Appoints Favale; Jencap Adds Edge
XPT Specialty Hires Corrado as Personal Lines Insurance Broker XPT Specialty, headquartered in New Haven, Connecticut, hired Joseph Corrado as a personal lines insurance broker. Corrado has experience in portfolio oversight, agency partnerships and the Northeastern U.S. insurance landscape. Corrado …
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