Walmart defeats shareholder lawsuit over opioid probe disclosures
Walmart defeated an appeal by shareholders who said the world’s largest retailer defrauded them by failing to disclose that federal prosecutors were investigating its opioid-dispensing practices.
Comp board says truck driver failed to prove injury
The Tennessee Workers’ Compensation Appeals Board on Thursday reversed a trial court’s award of medical and temporary disability benefits to a commercial truck driver who claimed he suffered a spinal injury when the cab of his truck shook violently over a ninety-minute period as he attempted to park at a truck stop.
High denial rate for presumptive PTSD claims, low return to work: Report
Claims for post-traumatic stress disorder in Minnesota presumed to arise from employment are denied at a greater rate than those for which the worker is required to prove compensability, according to a state report.
Sunday shopping ‘blue laws’ can’t be ignored to keep businesses in the black: suit
The American dream of being able to buy what one wants when one wants it seems to be running afoul of antiquated American laws that, in some jurisdictions, prohibit shopping on Sundays.
Lockton hires former Brown & Brown producer
Lockton named Lisa J. Sanders senior vice president in its Midwest health care and education practice.
Katrina redefined hurricane risk for insurance sector
Two decades later, deadly storm still influences how industry assesses windstorm, flooding exposures
Telecom fined $97 million after massive cyber attack
South Korea’s Personal Information Protection Commission fined SK Telecom Company Ltd. 134.5 billion Korean won ($97 million) after hackers accessed the USIM data of about 23 million subscribers – or 45% of the country’s population – due to weak security practices, The Register reported. Regulators said the company failed to implement basic access controls, left […]
Willis expands in Saudi Arabia
U.K.-based Willis Towers Watson plc has expanded its operations in Saudi Arabia after securing separate licenses for insurance and reinsurance broking earlier this year, Reinsurance News reported. The move allows the company to deliver local advisory, placement and risk management services to support national infrastructure, mega-projects and emerging industries.
Cavello Bay Re sues Aspen for $400 million
Bermuda-based Cavello Bay Reinsurance Ltd. has filed a lawsuit against Aspen Insurance Holdings Ltd., also headquartered in Bermuda, seeking more than $400 million over an alleged breach of a 2022 amended and restated reinsurance agreement, The Insurer reported. Cavello Bay claims Aspen failed to credit premiums collected since October 2021, the effective date of the […]
PZU’s net profit jumps 23% to $400 million
Poland’s largest insurer PZU SA posted a second-quarter net profit of 1.5 billion Polish zlotys ($404 million), up 23% year on year, TradingView reports, citing Reuters. Operating profit rose 14% to PLN4 billion, supported by higher insurance revenue, which grew 6% to PLN7.7 billion. The company is also pursuing a merger with Bank Pekao SA, […]
Reinsurers cat risk appetite ebbs as pricing softens
S&P Global Ratings found that while reinsurers continue to expand their natural catastrophe business, the pace of growth has slowed and is expected to remain subdued in 2026, Reinsurance News reported. The top 19 reinsurers’ aggregate risk exposure rose 14% in 2024, but the group’s exposure now represents 20% of adjusted total available capital, down […]
Qatari insurers’ combined profits up 6%
Qatar’s seven listed insurers posted combined after-tax profits of 763 million Qatari riyals ($210 million) in the first half of 2025, up 6% from a year earlier, Middle East Insurance Review reported. The sector’s growth was driven by Qatar Insurance Company QSPC, which earned QAR375 million, and Qatar General Insurance and Reinsurance Company QPSC, which […]
Accelerant’s profits jump more than 200%
Cayman Islands-based Accelerant Holdings Ltd. posted a net income of $13 million in the second quarter of 2025, compared with a net loss of $9 million a year earlier, Reinsurance News reported. Exchange written premium totaled $1 billion in the quarter, up 42% year on year.
Insured natural hazard losses fall in H1
Insured natural hazard losses in Germany totaled about 1 billion euros ($1.2 billion) in the first half of 2025, below the long-term average, according to the German Insurance Association, Yahoo Finance reports, citing DPA. The association said full-year losses could reach €4.5 billion if severe storms do not occur in autumn and winter, down from […]
Volcano erupts, ash blankets several cities
Japan’s Shinmoedake volcano erupted on Aug. 28, spewing an ash plume 3.4 miles high, with ash fall heavy enough to obscure road markings, Newsweek reported. Authorities said the ash blanketed several cities in Kagoshima and Miyazaki prefectures, while large cinders and volcanic rocks posed risks within a nearly 2-mile radius of the crater.
The BI Top 10 for the week of Aug. 25, 2025
News that the Ohio Supreme Court denied permanent disability for an employee’s physical and psychological condition was our most popular story this week.
Musk seeks dismissal of SEC lawsuit on his 2022 Twitter stake
Elon Musk has asked a federal judge to dismiss a U.S. Securities and Exchange Commission lawsuit claiming he waited too long to disclose his purchases of Twitter shares in 2022, accusing the regulator of overreaching in order to punish him for criticizing it.