Claims / Legal
How to Avoid Bad Faith Damages in COVID First-Party Property Lawsuits
As observed from the numerous COVID-19 first-party property cases that have already been filed, insureds are claiming insurers have denied their business interruption claims in bad faith. Whether the ...
Bankrupt N.Y. Retailer Sells $175M COVID Claim Insurers Won’t Pay
There's an unusual asset up for grabs in Century 21 Stores' going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for ...
U.S. Justice Dept. Alleges Facebook Discriminates Against U.S. Workers
The U.S. Justice Department accused Facebook Inc on Thursday of discriminating against U.S. workers, saying in a new lawsuit the social media giant has given hiring preferences to temporary workers, ...
Biodiversity Loss Among ‘Very Top Risks’, Warns AXA Executive
AXA Group's chief risk and investment officer, Alban de Mailly Nesle is required to ponder myriad dangers to the Paris-based insurer and its 830 billion-euro ($995 billion) asset management arm. He ...
The 2020 Atlantic Hurricane Season Was One for the Record Books
A record-setting Atlantic hurricane season that saw the highest number of named storms officially came to a close Monday. The National Oceanic and Atmospheric Administration said the 2020 Atlantic ...
U.S. States Reportedly Plan to Sue Facebook Over Alleged Antitrust Violations
A group of U.S. states led by New York is investigating Facebook Inc for possible antitrust violations and plans to file a lawsuit against the social media giant next week, four sources familiar with ...
Legal, Cultural Backlash Likely to Prevent U.S. Employers From Mandating COVID-19 Vaccine
Private U.S. companies have the right under the law to require employees to get vaccinated against COVID-19, but are unlikely to do so because of the risks of legal and cultural backlash, experts ...
Shell Battles Dutch Court Suit Seeking to Drastically Cut Climate Emissions
Environmental activists took Royal Dutch Shell to court on Tuesday, demanding the energy firm drastically reduce the production of oil and gas to limit its effects on climate change. Seven activist ...