Lululemon Athletica Inc. fell in New York trading Monday after the Texas attorney general said his office is investigating for the presence of so-called “forever chemicals,” which have been linked to health problems, in the yogawear brand’s apparel. “Emerging research and consumer concerns have raised questions about the potential presence of certain synthetic materials and chemical compounds in their apparel,” the office of Texas Attorney General Ken Paxton said in a statement. The probe “will examine whether Lululemon’s athletic apparel contains PFAS or ‘forever chemicals’ that their health-conscious customers would not expect based on the brand’s marketing.” Lululemon shares declined…
Author: Awais
A jury in Chicago said Abbott Laboratories must pay $70 million in damages to a group of families that had accused the company of failing to warn that its formula for premature infants can cause a potentially deadly bowel disease, according to a company spokesperson. The verdict came at the end of a lengthy trial, the latest among hundreds of lawsuits alleging that Abbott’s cow’s milk-based formula products for preterm infants can cause necrotizing enterocolitis, or NEC. Four families’ lawsuits were consolidated for trial. The jury found the company liable on April 9 and awarded the four families $53 million…
A new proposal calling for a European natural catastrophe insurance pool to diversify risks across countries and perils could be further enhanced by the insurance-linked securities (ILS) market, according to the European Insurance and Occupational Pensions Authority (EIOPA) and the European Stability Mechanism (ESM).In a joint paper recently published by the two organisations, they suggest that a risk-based, premium-financed, EU-wide nat cat pool could significantly increase insurance penetration for severe natural disasters such as floods, droughts, storms, and wildfires. In the paper, it is argued that a pool solution combined with an additional loan-based backstop for extreme tail events that…
Drugs were left out of a 2024 rule streamlining prior authorizations, including by making decisions electronic and requiring payers to turn them around more quickly. The Trump administration is looking to address that gap.
The law arms insurers with delay powers, immunity protections, and a 2027 training deadline
In the nation’s most populous state, the surplus lines market has ceased to be a specialized outlet and become, for a startling and growing number of ordinary homeowners, the only game in town. Surplus lines homeowners policies in California surpassed 300,000 in 2025, a level without precedent in the state’s history, according to new data from the Surplus Line Association of California. What began as a rebound from pandemic-era disruption, hardened into a structural shift in 2024, and by 2026 has become something more consequential still: a full-scale realignment of the entire California property insurance market.
In a young city like Miami, a quarter century can seem like a long time. For the Mandarin Oriental hotel, it was long enough to generate nostalgic laments and a farewell bash. The waterfront hotel, which opened in 2000, was imploded early Sunday to make way for a new luxury development that will include a bigger Mandarin Oriental and a 66-story residential tower. The existing 23-story structure folded in on itself just after 8:30 a.m. after the explosives were detonated, as onlookers took video from boats in Biscayne Bay and along nearby streets and bridges. Miami’s Mandarin Oriental ended a…
A shooting at a Chick-Fil-A restaurant in Union Township, New Jersey last evening took one life and injured six others. According to the Union County Prosecutor’s Office (UCPO), the shooting happened at approximately 9 pm on the Chick-Fil-A on Route 22 in Union. Police said they found one deceased victim and deceased six victims who were treated for non-life-threatening injuries. The prosecutor’s office headed by William A. Daniel said there is an active and ongoing investigation. “While no arrests have been made at this time, the preliminary investigation reveals this does not appear to be a random act of violence…
Old Republic International Corporation announced the launch of Lodestar Claims & Risk Services, Inc. as an independent brand and standalone operating company within Old Republic, marking the first time in more than 30 years that the organization’s third-party administrator (TPA) business will operate with its own distinct identity in the marketplace. Previously part of PMA Companies, the business operated as the insurance carrier’s TPA division. Lodestar is a national TPA providing claims administration and risk services to middle-market and large employers, national carriers, and distribution partners across all 50 states. The transition reflects a strategic decision by Old Republic to…
Oklahoma State’s softball team took some time to process a fatal crash involving its team bus earlier this week and will be back on the field Friday. The team had been traveling to Wichita, Kansas, on Wednesday afternoon when its bus struck and killed a pedestrian who authorities said was repeatedly stepping into traffic. The Oklahoma Highway Patrol said it had received calls about the pedestrian walking into traffic before the bus crash. It said the person stepped into traffic again as the bus was driving on I-35 northbound near Perry, Oklahoma, and the bus driver attempted to switch lanes…
China’s biggest insurer Ping An Insurance Group is seeking to reduce software-focused private equity exposure by selling its stakes in some funds, according to people familiar with the matter. The insurer has tapped Campbell Lutyens to offload stakes worth about $1 billion, the people said, asking not to be identified because the information is private. The sale process started in March, they added. The majority of the portfolio consists of two software-focused funds managed by Vista Equity Partners from the late 2010s that invested primarily in North America, the people said. There’s also another North America-focused fund managed by KKR…
As Harmon Maher walked along the Keystone Trail in central Omaha one morning in February, he spotted something odd: The creek next to the path, normally a gray-green color, ran bright orange. It was full of sediment, probably from some construction upstream, the retired geology professor reasoned. Maher didn’t think much of it until hours later when his son alerted him to a mishap that was quickly becoming the talk of the town. A patch of Pacific Street the size of a sand volleyball court had collapsed into the earth, swallowing a silver Ram pickup truck and a maroon Jeep…
Wall Street banks are starting to test Anthropic PBC’s Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities. While JPMorgan Chase & Co. was the only bank named as part of an initiative to test the Mythos model, other major financial institutions have also gained access or expect to in the coming days, according to people familiar with the matter. Goldman Sachs Group Inc., Citigroup Inc., Bank of America Corp. and Morgan Stanley are among the banks testing the technology internally, the people said. Those firms either declined to comment or had no immediate…
Jackie Fortiér and Oona Zenda Ilustrations by Oona Zenda An elementary school teacher chose a low-price health insurance plan but soon realized she wasn’t clear about what it would mean for her family’s finances. “Once I got the insurance card, I compared our old plan to our new plan, and that’s when I really got worried, because I didn’t really understand what a deductible was. It got me thinking, how do I use this insurance?” — Madison Burgess, 31, of San Diego When enhanced federal subsidies expired at the end of 2025, a lot of people buying their own health…