Claims / Legal
Cybercrime Shifts Toward More Profitable Business Attacks
Cybercriminals shifted away from stealing individual consumers' information in 2020 to focus on bigger, more profitable attacks on businesses, according to a report from the Identity Theft Resource ...
Amended Law Slows Nursing Home COVID Court Claims
Garnice Robertson wants accountability for her mother's death from COVID-19 caught while she was living at a Kansas nursing home that allegedly failed to prevent an outbreak of the disease. An ...
A Canceled Olympics Would Slap Insurers With Historic Loss
Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six ...
Social Inflation Drives $400M Prior-Year Reserve Charge For Everest Re
Everest Re is the most recent insurance and reinsurance company to announce catastrophe and COVID losses in advance of fourth-quarter earnings, but Everest's disclosure on Monday also addressed a ...
European Researchers See AI as Building Better Weather Data
European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence. The European ...
Shareholders Sue Bayer, Alleging Roundup Lawsuit Secrecy Hurt Share Price
Two law firms are suing Bayer for damages on behalf of shareholders, claiming the German group's management should have warned of the risk of lawsuits over the Roundup weedkiller when Bayer acquired ...
Tyson Foods Will Fork Over $221.5M for Chicken Price-Fixing Claims
Most Global Catastrophe Economic Losses Unaddressed by Insurance
There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker ...
Intel Investigates Hack of Quarterly Earnings Graphic
Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the object of unauthorized access before publication. "Once we became aware ...