Industry News
Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly. Many small and medium-sized firms, which form the backbone of …
Via: Claims Journal
Becton, Dickinson & Co. has agreed to a $175 million fine over Securities and Exchange Commission claims it repeatedly misled investors about one of its most important products. The regulator said Becton Dickinson was aware an infusion pump it manufactured …
Via: Claims Journal
Long-range forecasters say more towns and cities across the U.S. could experience a white Christmas this year compared to 2023, bringing a slight possibility that more than half the nation could have some snow on the rooftops on Dec. 25. …
Via: Claims Journal
The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Eastern …
Via: Claims Journal
Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the world — by asking to see how they’re protected against oil spills and other high-cost claims. Nations including Denmark, Estonia, …
Via: Claims Journal
Local officials in the French territory Mayotte fear as many as 1,000 people have died after Tropical Cyclone Chido hit the archipelago off the coast of Mozambique on Saturday. Emergency crews on Monday worked to rescue survivors amid scenes of …
Via: Claims Journal
International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out. Rising losses from storms, hurricanes and wildfires in recent years have caused some insurers, …
Via: Claims Journal
Next year will bring more changes and risk to companies, including continually evolving work environments, product recalls, natural catastrophes, and risks from new technologies, according to a new report that looks the landscape for companies in 2025. Sedgwick’s Forecasting 2025 …
Via: Claims Journal
The Ohio Supreme Court ruled that the state’s product liability law prohibits counties from bringing public nuisance claims against national pharmaceutical chains as they did as part of national opioid litigation, a decision that could overturn a against the pharmacies. …
Via: Claims Journal
Battery power is set to gradually replace diesel-fueled generators on many U.K. train routes as the rail industry seeks to cut greenhouse gas emissions and reduce toxic pollutants. Some locomotive manufacturers are reportedly trialing lithium-ion batteries, but there are concerns …
Via: Claims Journal