Mastercard Inc. unfairly reduced a £10 billion ($12.6 billion) class action case to a settlement of just £200 million, according to the firm that funded the lawsuit. The credit-card company “skillfully maneuvered” claimant Walter Merricks and his lawyers by offering …

Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the …

With heavy snow and ice on the way, North Carolina’s governor on Tuesday issued an emergency declaration, waiving weight and registration checks for some trucks and hourly limits on drivers delivering essential items. The waivers could potentially play a role …

CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …

Federal firefighters have found their jobs on the chopping block as a result of US President Donald Trump’s executive orders, with a hiring freeze simultaneously blocking reinforcements in the aftermath of the Los Angeles wildfires and ahead of the upcoming …

The bankrupt Roman Catholic Diocese of Norwich, Connecticut and advocates for survivors of clergy sex abuse have reached an agreement on a $31 million compensation fund. The plan, which is subject to the approval of the bankruptcy court, seeks to …

LOUISVILLE, Ky. (AP) — At least nine people have died in the most recent round of harsh weather to pummel the U.S., including eight people in Kentucky who died as creeks swelled from heavy rain and water covered roads. Kentucky …

Johnson & Johnson faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer, as it tries to convince a judge to sign off on its third attempt to …

A Delta Air Lines Inc. regional jet flipped out of control after landing in windy, freezing conditions in Toronto, skidding along the runway and coming to rest upside down after losing its tail and one of its wings. Fifteen people …

IQUW, the London-based specialty insurer and reinsurer, has launched its new ports and terminals product, reinforcing its position as a lead market for marine insurance. Under the leadership of Ali Welchman, an expert in the Ports and Terminals class, the …

Several varieties of extreme weather are forecast for Texas this week as state officials monitor rising wildfire risks in West Texas and possible flash flooding in East Texas before frigid cold settles in across the state mid-week. Wildfire conditions are …

A major Michigan insurance company is in talks to possibly settle more than 100 lawsuits by employees who were fired after declining to get a COVID-19 vaccination, court records show. The disclosure comes three months after a jury awarded more …

Thirteen people suspected of illegally importing and disposing of hazardous waste have been arrested in Croatia, the European Union’s law enforcement agency said Friday. The main suspects, two Croatian nationals, are considered high-value targets by Europol, said an agency statement. …

The Securities and Exchange Commission released new guidelines making it easier for corporations to block votes on shareholder proposals at their annual meetings. Under the new policy, regulators will determine whether a proposal affects at least 5% of a company’s …

RiverStone International, the legacy acquisition company, announced it has signed a reinsurance-to-close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP) Syndicate 2689 will close into Riverstone International Syndicate 3500. The …

Embedded insurance is no longer just an emerging trend; it’s becoming a central strategy for retailers and non-insurance brands looking to enhance customer experience, drive loyalty, and generate new revenue streams. With global gross written premiums in embedded insurance projected …

Uber Technologies Inc. is pouring millions of dollars into a national ad campaign to push for reforms in insurance policies that it says have been exploited by personal injury lawyers and contribute to higher ride prices. The San Francisco-based rideshare …

Workers at an Amazon warehouse in North Carolina rejected a proposal to unionize, becoming the latest group of the company’s employees to side against union representation. About three-quarters of employees at an Amazon fulfillment center in Garner, a town located …

SWANNANOA, N.C. (AP) — Emily Russell remembers feeling hopeful after she managed to get an appointment with the Federal Emergency Management Agency not long after Hurricane Helene ripped though her home in Swannanoa, North Carolina. But after several assistance requests …

Three Republican holdouts in the Georgia Senate got on board with Gov. Brian Kemp’s top-priority legislation to limit lawsuits, showing the state’s Republican leader remains at the height of his political power well into his second term. The bills cleared …