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Judge Rejects J&J’s $10 Billion Baby Powder Settlement
A U.S. bankruptcy judge on Monday rejected Johnson & Johnson’s $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company’s bankruptcy strategy …
POSTED APRIL 01, 2025 11:30 AM |
Thailand Says Collapsed Bangkok Tower Used Substandard Steel
The contractors of an under-construction tower that crashed in Bangkok during last week’s earthquake apparently used substandard steel bars made by a factory that had been shuttered by authorities. Samples of two different sizes of steel bars collected from the …
POSTED APRIL 01, 2025 10:57 AM |
Allianz Global Investors Scraps Nuclear, Military Exclusions to Back Europe Rearmament
Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the first major European asset managers to change their policies to help finance the region’s rearmament. AGI wrote to its clients …
POSTED APRIL 01, 2025 10:35 AM |
Zurich Buys Stake in UK M&A Insurer to Fuel US, Europe Expansion
Zurich Insurance Group has agreed to acquire a minority stake in Icen Risk, a company that specializes in insuring mergers and acquisitions. The transaction will see Zurich take a “significant minority” in London-based Icen and will help support its growth …
POSTED APRIL 01, 2025 10:20 AM |
UK Supreme Court Starts Motor Finance Case With Billions on the Line
A fight over UK motor finance and whether lenders should be on the hook for billions of pounds in compensation will play out at the Supreme Court in one of the most highly-anticipated hearings in years. At stake, the scope …
POSTED APRIL 01, 2025 10:13 AM |
Federal Judge Orders Halt to Trump Administration Efforts to Dismantle CFPB
A U.S. judge has blocked the Trump administration and Elon Musk’s Department of Government Efficiency from pursuing efforts to dismantle the Consumer Financial Protection Bureau, the latest rebuke from the courts in the White House’s efforts to remake the federal …
POSTED APRIL 01, 2025 6:47 AM |
Data Insight: Who’s Growing in Personal Lines?
A relative newcomer to the personal lines space—Lemonade—marked a milestone this week, announcing that it surpassed $1 billion of in force premiums, a measure of annualized premiums that the insurtech tracks on a regular basis. But the number of renters, …
POSTED APRIL 01, 2025 5:20 AM |
From Repairs to Insurance, Trump’s Tariffs Could Make Owning a Car More Expensive
Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive. The new taxes, which are set to begin April 3 and expand in the …
POSTED APRIL 01, 2025 5:09 AM |
After Commissioner’s Comments, Asphalt Roof Shingles Got a Bad Rap, Group Says
Rumors of the demise of asphalt shingles in Florida are greatly exaggerated. Asphalt shingles provide a great, cost-effective option for consumers. But in recent weeks, groups with varying interests and motivations — including those who sell roofing products that compete …
POSTED APRIL 01, 2025 5:03 AM |
SC Bill Moves to House, Would Lower Liquor Liability Coverage, End Joint-and-Several
The fate of a bill that would modify South Carolina’s joint-and-several liability law now rests with the state House of Representatives after the state Senate last week approved the measure following weeks of heated debate. “We’re finally getting some movement …
POSTED APRIL 01, 2025 5:02 AM |
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