Industry News
Joby Aviation Inc. is flying electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution. The demonstration flights are New York’s first point-to-point …
Via: Claims Journal
Global and regional natural catastrophe activity and loss totals were lower in the first quarter of 2026 than in comparable quarters of previous years, leaving the re/insurance industry well-positioned as it heads into the more costly second and third quarters, …
Via: Claims Journal
Medical device maker Medtronic said on Monday a cyberattack on its computer systems last week did not affect its products or ability to meet patient needs, and is not expected to materially impact its business or financial results. Medtronic said …
Via: Claims Journal
The Department of Justice issued an order on April 23, rescheduling state-licensed medical marijuana and Food & Drug Administration-approved cannabis products to Schedule III of the Controlled Substances Act (CSA). The order is also expected to jumpstart the stalled Drug …
Via: Claims Journal
The U.S. Supreme Court gave Bayer AG a mixed reception on its bid to stop tens of thousands of lawsuits claiming its Roundup herbicide should have been labeled as a cancer risk. Hearing arguments in Washington Monday, the justices weighed …
Via: Claims Journal
Salesforce and its workspace messaging app Slack are suing Microsoft at London’s High Court over alleged anticompetitive practices relating to its Teams app. Slack Technologies LLC and related companies filed the lawsuit on April 23, which a Slack spokesperson said …
Via: Claims Journal
The Travelers Companies said it intends to expand its homeowners insurance offerings across California. Travelers notified the California Department of Insurance it intends to expand homeowners insurance availability across the state, explaining in a news release the move is due …
Via: Claims Journal
Bayer AG is counting on the U.S. Supreme Court to pare down lawsuits over its top-selling Roundup weedkiller and help corral the decade-long litigation that has cost the company more than $10 billion and cast a pall over its stock …
Via: Claims Journal
The Massachusetts Supreme Judicial Court has dealt tobacco company Philip Morris USA a blow by unanimously upholding a $56 million punitive damages award in a wrongful death case. A lower court had previously reduced the punitive damages award from $1 …
Via: Claims Journal
More than 17 million people along the U.S. Atlantic and Gulf coasts are at the highest risk of being affected by flooding, with New York and New Orleans standing out, according to one of the most comprehensive studies ever of …
Via: Claims Journal