Jurors have awarded $8.3 million to the family of a Kansas foster teen who died in 2021 after he was held facedown for 39 minutes in a juvenile intake center while in the throes of a mental health crisis. Five juvenile officers in Sedgwick County either used excessive force on Cedric “C.J.” Lofton or failed to intervene, the jurors decided Wednesday after a trial in federal court in Wichita. John Marrese, an attorney for Lofton’s brother and the estate, said Thursday that he was pleased that jurors rejected arguments that the death stemmed from “excited delirium,” a controversial diagnosis discredited…
Author: Awais
Republicans have hitched themselves to the “Make America Healthy Again” campaign, banking on its popularity to give them an electoral bounce. But the strategy carries risks. Health and Human Services Secretary Robert F. Kennedy Jr., a longtime anti-vaccine activist who rails against Big Pharma and ultraprocessed food, is the leader of the movement. And Americans’ support for Kennedy is cratering. Plus, polls show voters care more about reducing health care costs than MAHA priorities such as ending vaccine mandates and promoting raw milk. Enhanced Affordable Care Act subsidies expired at the end of 2025, fueling a nationwide affordability debate. Roughly…
Fourth quarter 2025 net income at CNA Financial shot up to $302 million compared with $21 million the prior year quarter. Results, CNA, said, included a $290 million benefit from a pension settlement transaction. The underwriting gain for CNA’s property/casualty operations was $167 million for Q4 2025 compared with $178 million for Q4 2024. The combined ratio increased 0.7 points to 93.8. Catastrophe losses were $40 million in the fourth quarter versus $45 million during the same time the year prior. While CNA maintained Q4 results in the commercial segment (with an underwriting gain of $109 million versus $106 million…
Nearly two weeks after an ice storm knocked out power to her home, Barbara Bishop still finds herself trying to flip the lights on and looking in her fridge for food that has since spoiled. Bishop, 79, and her 85-year-old husband, George Bishop, live in a rural area near Oxford, Mississippi, where ice-coated trees snapped in half, bringing down power lines and making roads nearly impassable. After the storm hit, the Bishops took in their son, granddaughter and two children, whose homes lost both power and water. The family endured days of bitter cold with nothing but a gas heater…
In this edition of Insurance Business TV, we catch up with Doug Wordekemper, of AXIS. He explains how carriers and brokers can work together more effectively to close protection gaps, and what brokers should do more of when interacting with carriers and underwriters.
The European Union is set to relax emissions-reduction rules for thousands of companies, recalibrating the world’s most rigorous carbon market under pressure from industry and governments concerned about the region’s sinking competitiveness. Before a summit of EU leaders next week on strengthening the bloc’s economy, talks are heating up on reforming the Emissions Trading System, a key tool to curb greenhouse gases. Less than three years after tightening the market in a green push, governments are ready to slow the pace of pollution cuts and consider measures that would alleviate industry costs, according to EU policymakers and diplomats with knowledge…
Insurers through the first nine months of 2025 recorded an underwriting profit of $35.3 billion—far above a $4 billion result at the same point the year prior. As public insurance companies announce fourth quarter and full-year earnings, Verisk and the American Property Casualty Insurance Association (APCIA) took a look at the industry’s financial results through the first nine months. New premiums written as of Sept. 30, 2025 were $740.7 billion, up 5.1% compared with results during the same time in 2024. Verisk and APCIA said the increase reflected more adequate prices and stable demand in most personal and commercial lines…
A California state court case over whether Instagram and YouTube harmed a woman’s mental health through addictive app design kicks off on Monday with opening statements, in a test of whether Big Tech platforms can be held liable for harming kids. The 20-year-old woman identified as K.G.M. filed the lawsuit against Facebook and Instagram parent company Meta Platforms and Alphabet’s Google, which owns YouTube. She says the attention-grabbing design of the platforms got her addicted to them at a young age, according to court filings. She alleges the apps fueled her depression and suicidal thoughts and she is seeking to…
The UK, Ireland and the Netherlands joined a wave of European nations issuing recalls of Danone SA infant formula as the French company’s exposure to the contamination crisis deepens. Some batches of Danone’s Aptamil and Cow & Gate formula brands will be taken off shelves in the UK and Ireland, according to statements on Friday from food safety agencies there. Dutch authorities said some Nutrilon products will be pulled over concerns they are contaminated with the toxin cereulide. It comes after Austria, Germany, France and Switzerland announced recalls — adding up to hundreds of batches — on Thursday. AFP reported…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Decentralised climate infrastructure platform dClimate has announced that it has launched Tyche, a blockchain-based platform designed to facilitate insurance risk transactions, which will initially focus on catastrophe reinsurance before expanding towards energy-linked weather derivatives and collateral facilities. According to the firm, Tyche marks a breakthrough in on-chain insurance risk transfer and aims to enable greater price transparency across the reinsurance market. Tyche enables investment in reinsurance transactions through the use of ERC-20 tokens, which are fractionalised and recorded on chain. The structure is…
U.S.-listed South Korean e-commerce company Coupang confirmed on Thursday [Feb. 5] that the data of an additional 165,000 users was leaked in a major security breach, which a South Korean government official said had shaken the country’s alliance with the U.S. Coupang Korea has been under a South Korean government probe over the leak last year of personal data affecting more than 33 million customers, which has created friction between the allies over trade and security ties. Coupang said on Thursday it had identified additional customers affected by November’s leak, which involved contact details, including names, phone numbers and addresses.…
Health insurers confront ‘unsustainable’ cost structures
The ruling represents a clean win for the insurer group, which coordinated their defense despite being on different layers of the coverage tower. Four other excess carriers, ACE Bermuda Insurance Ltd., XL Insurance (Bermuda) Ltd., American International Reinsurance Company Ltd., and Chubb Atlantic Indemnity Ltd., had their claims sent to arbitration and weren’t part of the court proceedings.
A California produce company was fined $6.7 million for wage violations affected more than 10,000 farmworkers. The California Labor Commissioner’s Office reached the settlement with Santa Maria-based Alco Harvesting LLC (dba Bonipak Produce Inc.) for the wage and hour violations. The LCO found that Alco Harvesting failed to provide farmworkers with written notices of paid sick leave and COVID-19 supplemental paid sick leave. Early in the pandemic, workers who did not know about how much paid sick leave they had were effectively prevented from staying home when sick, which increased the risk of COVID-19 transmission, according to the LCO. In…