Uncategorized

A woman who claimed in a lawsuit that GSK’s discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced. GSK said … Source: Claims Journal

Tesla Inc. failed to persuade an administrative judge to dismiss claims by a California regulator that the company overstated its vehicles’ self-driving capabilities — one of several ongoing regulatory investigations of the electric-car maker’s marketing. The California Department of Motor … Source: Claims Journal

HONK Technologies named Alan Holman vice president of enterprise sales. Holman has more than 20 years of experience. He previously held sales leadership positions at Urgently, Allstate Insurance’s Roadside Services Division and DHL. HONK is a provider of roadside assistance … Source: Claims Journal

In early March of this year, the Securities and Exchange Commission adopted rules targeted at enhancing and standardizing climate-related disclosures by public companies and in public offerings. The new rules mandate the inclusion of climate risk disclosures in a company’s … Source: Claims Journal

A U.S. appeals court on Monday rejected a bid by Uber and subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors who are typically less … Source: Claims Journal

Issuance of catastrophe bonds just hit a record high, as the market braces for a rough hurricane season with the potential to do substantial damage. Sales of so-called cat bonds are 38% higher this year through May than over the … Source: Claims Journal

Underwriting losses for U.S. medical professional liability insurance rose significantly in 2023, underscoring the increased loss-cost volatility tied to litigation risk, a report out this week from Fitch Ratings shows. The MPLI segment posted an underwriting loss for the eighth … Source: Claims Journal

“There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the assessment during a 30-minute chat with S&P Global Ratings … Source: Claims Journal

The U.S. Supreme Court on Monday asked President Joe Biden’s administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about climate change. The … Source: Claims Journal

A court-appointed panel on Friday recommended how to divvy up a pool of $2.13 billion in legal fees from nationwide drug industry settlements over the U.S. opioid crisis, with top firms set to receive hundreds of millions of dollars. The … Source: Claims Journal