Industry News

Insurance Journal

Maryland Hopes to Rebuild Baltimore Bridge in 4 Years at Cost of $1.9 Billion

May 06, 2024 Maryland plans to rebuild the Francis Scott Key Bridge in just over four years at an estimated cost between $1.7 billion and $1.9 billion, a state...

Mississippi City Councilman Pleads Guilty to Selling Doctored CBD Products

May 06, 2024 GULFPORT, Miss. (AP) — A Mississippi city council member pleaded guilty to federal charges after running a multimillion-dollar illegal drug business,...

Red Sea Disruption to Shipping Could Cut Asia-Europe Capacity by 20%: Maersk

May 06, 2024 Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between Asia...

NC News Chopper Crash Likely Caused by Shaky Inspections, Loose Parts, NTSB Finds

May 06, 2024 CHARLOTTE, N.C. (AP) — Investigators found disconnected and missing hardware aboard a helicopter that crashed in 2022, killing the pilot and a...

Claims Journal

Colleges, NCAA Weighing $2.9 Billion Antitrust Settlement With Revenue-Share for Athletes

May 06, 2024 The NCAA and major college conferences are considering a possible settlement of an antitrust lawsuit that could cost them billions in...

US Class Action Settlements Flooded With Fraudulent Claims by Scammers: Reuters

May 06, 2024 Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $...

Geico Settles Case Claiming It Encouraged Employees to Call the Cops on Pro-Union Co-Workers

May 06, 2024 Geico has settled allegations by the US labor board that it illegally threatened and interrogated upstate New York employees about...

‘Car Wreck Clyde’ Attorney in Texas Charged with Skimming $2.4M from Settlements

May 06, 2024 A Houston plaintiffs’ attorney known as “Car Wreck Clyde” is awaiting court proceedings after being charged with skimming as much...

Best's Reviews

Berkshire Hathaway Vice Chair Eschews 'Fashionable' Cyber, Says Geico Data Catching Up

May 05, 2024 Cyber insurance may be very fashionable and profitable, but Berkshire Hathaway Inc. won’t jump aboard until it has...

Best's News: AM Best Briefing Says MPL Improves, but Underwriting Results Stall

May 03, 2024  In 2023, the medical professional liability sector saw improved profitability driven by higher net investment income, while...

Trupanion Initiates CEO Succession Plan

May 03, 2024 Pet insurer Trupanion said its board of directors has unanimously approved the appointment of Margi Tooth to succeed Darryl Rawlings as chief executive officer, effective Aug...

RGA CEO: Asia, US, Pension Risk Transfer Lead Surge in Worldwide Deals

May 03, 2024 Reinsurance Group of America Inc. sees growth in Asia, the United States and pension risk transfer business leading a worldwide uptick in its...