Claims / Legal
The Hartford Sustains Profit Dip Due to COVID Life Insurance Claims
Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net income came in at $532 million, down 2 percent from fourth ...
New UK Rules Could Make Company Directors Personally Liable for Financial Statements
Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain's finance ministry next week to improve corporate behavior, ...
Irish Court Backs Four Irish Pubs Over COVID Lockdown Insurance Claims
Ireland's High Court ruled on Friday that four publicans insured by FBD were entitled to be indemnified for losses under lockdown-linked claims, in a test case that could have implications for over ...
Chubb CEO Greenberg on COVID Loss Predictions, Cyber and Rioters
COVID-19-related underwriting losses for the property/casualty insurance industry remain on track to reach as high as $80 billion, Chubb Chairman and CEO Evan Greenberg said in a sober assessment of ...
Tesla Will Recall 135,000 U.S. Vehicles Over Touch Screen Safety Concerns
Tesla Inc has agreed to recall 134,951 Model S and Model X vehicles with touchscreen displays that could fail and raise the risk of a crash after U.S. auto safety regulators sought the recall last ...
Climate Change Forcing Ocean Levels to Rise More Quickly Than Anticipated
Climate change is causing oceans to rise quicker than scientists' most pessimistic forecasts, resulting in earlier flood risks to coastal economies already struggling to adapt. The revised estimates ...
Repair Your Damaged Reputations, AM Best Tells UK Insurers
While most of the COVID-related problems that plagued U.K. commercial property insurers will abate after the March anniversary of lockdowns, battles with reinsurers and damaged reputations are ...
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 ...