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A Missouri judge has ordered Abbott Laboratories and Mead Johnson, a subsidiary of Reckitt Benckiser, to go to trial again over claims that they did not inform a mother about the risks associated with their baby formulas designed for premature infants. This decision reopens a case where the companies had previously won, after a St. … Read more

Several insurance companies have recently made important leadership changes to boost their growth and adapt to the evolving market. IMS, a company specializing in telematics and connected insurance solutions, has appointed Sean Farrelly as its new vice president of sales for the Americas. Farrelly, who has a strong background in the industry, previously worked at … Read more

In a recent report by AM Best, the number of credit rating downgrades for U.S. property and casualty (P/C) insurers has dropped significantly. In 2024, there were 43 downgrades, down from 55 in 2023. This decline comes despite ongoing challenges, particularly in the personal lines segment of the insurance market. The report, titled "US Property/Casualty: … Read more

As businesses increasingly move to online platforms, they are adopting new technologies to make their services more accessible and user-friendly. This shift is especially important in the insurance industry, where quick and efficient service is crucial. Insurance Business is shining a light on the best technology providers in the industry with its upcoming "5-Star Technology … Read more

A judge in Northern Virginia has ruled that embryos are not property that can be divided in a divorce case, challenging a previous court’s interpretation. This decision comes nearly ten months after the case was heard in Fairfax Circuit Court. Judge Dontaè L. Bugg dismissed a lawsuit from Honeyhline Heidemann against her ex-husband, Jason Heidemann, … Read more

A volcano near Anchorage, Alaska, is showing signs of increased activity, raising concerns about a potential eruption at Mount Spurr. The Alaska Volcano Observatory recently reported that during flights over the area, scientists detected significantly higher emissions of volcanic gases. This increase suggests that an eruption could happen in the coming weeks or months. The … Read more

At the recent PLUS Cyber Symposium in New York City, experts discussed the evolving landscape of cyber insurance. As rates stabilize, insurance companies are looking to diversify their portfolios to support growth and manage risks better. Crystal Boch, head of cyber analytics at Aon Re, highlighted that insurers are exploring traditional diversification methods, such as … Read more

The FBI and the U.S. Cybersecurity and Infrastructure Security Agency (CISA) have issued a warning about a serious ransomware threat known as Medusa. This ransomware-as-a-service has been active since 2021 and has recently impacted hundreds of victims. Medusa primarily uses phishing campaigns to steal login details from its targets. This method has proven effective, leading … Read more

California Insurance Commissioner Ricardo Lara has made some important appointments that aim to strengthen the state’s insurance landscape. He has reappointed Mitch Steiger and C. Bryan Little to the California Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee. Dr. Fabiola Cobarrubias has also been reappointed to the Insurance Diversity Task Force. The WCIRB Governing Committee … Read more

CannGen Insurance Services LLC is now providing workers’ compensation coverage tailored for the legal cannabis industry. This new offering is made possible through a partnership with Crum & Forster, a well-known specialty insurance provider. The program is available across all 50 states, making it accessible to a wide range of cannabis businesses. CannGen policyholders will … Read more