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Where’s the Meat? Lawsuit Claims Subway Sandwich Skimps on Filling A new lawsuit accuses Subway of “grossly misleading” customers by advertising sandwiches that contain at least three times more meat than it delivers. According to a proposed class action filed on Monday in federal court in Brooklyn, Subway ads for …
POSTED OCTOBER 29, 2024 1:15 PM |
Judge Approves Healthcare Advisor’s $1.5M Data Breach Settlement A federal judge in Connecticut has given final approval to a $1,525,000 class action settlement involving a data breach at Merritt Healthcare Advisors. About 3,320 people whose personal information was accessed by an unauthorized party during a security breach and …
POSTED OCTOBER 29, 2024 12:19 PM |
Brookfield Hires Head for Entry Into Japan Reinsurance Market Brookfield Wealth Solutions, has entered the reinsurance business in Japan and has hired Tomohide Yokooka, formerly of Barclays Plc, as managing director and country head, according to people familiar with the matter. Brookfield Wealth, which was spun out from North …
POSTED OCTOBER 29, 2024 10:46 AM |
J&J’s $8.2 Billion Talc Settlement Faces January Court Test The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January. After months of wrangling, a federal judge in …
POSTED OCTOBER 29, 2024 8:54 AM |
Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’ Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S. excess liability and Atlantic hurricane both reduced, observe the co-founders of UWX. …
POSTED OCTOBER 29, 2024 6:52 AM |
People Moves: The Hartford Announces Leadership Appointments In Global Specialty The Hartford, headquartered in Hartford, Connecticut, has expanded Michael Garrison’s role to include the international division in addition to his current responsibilities as head of the company’s U.S. wholesale organization. Garrison joined Navigators in 2021 as the head of wholesale. …
POSTED OCTOBER 29, 2024 6:00 AM |
Delta Sues CrowdStrike Over ‘Catastrophic’ Software Glitch Delta Air Lines Inc. sued cybersecurity firm CrowdStrike Holdings Inc. over the chaos caused this summer by a “catastrophic” software update that disabled millions of computers worldwide and grounded much of the airline’s passenger fleet. The update crippled Delta’s operations …
POSTED OCTOBER 29, 2024 5:06 AM |
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing most-at-risk entities. Using independent analysis of cybersecurity performance data provided by Bitsight in combination with claims data, the study uses …
POSTED OCTOBER 29, 2024 5:03 AM |
Lawsuit Alleges Child Sexual Abuse of WWE ‘Ring Boys’ in Maryland A new lawsuit accuses the WWE and its founders of fostering a culture of sexual abuse within the organization and looking the other way while a longtime ringside announcer preyed on young men he hired as “ring boys.” The suit …
POSTED OCTOBER 29, 2024 5:00 AM |
Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy. The Fourth Circuit …
POSTED OCTOBER 29, 2024 5:00 AM |
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