The Massachusetts Supreme Judicial Court has dealt tobacco company Philip Morris USA a blow by unanimously upholding a $56 million punitive damages award in a wrongful death case. A lower court had previously reduced the punitive damages award from $1 …
Allstate Quarterly Profit Jumps on Sharp Drop in Catastrophe Losses
Allstate reported a jump in first-quarter profit on Wednesday as the property and casualty insurer benefited from a sharp fall in catastrophe losses. Earnings rose