Claims / Legal
Storm Ciara (AKA Sabine) Could Cause $2B in Insured Losses: RMS
Total insured property losses from storm Ciara, which was named Sabine in Germany, could be between 1.1 billion and 1.8 billion euros ($1.2 billion-$1.95 billion), catastrophe risk modeling firm RMS ...
Big Brother Is Watching, and More CM Risk Alerts
Imagine if someone could just snap your photo on the street and quickly find out who you are and where you live. Clearview AI's facial recognition app makes it possible. A class-action lawsuit ...
Can Violations of the California Consumer Privacy Act Be Insured?
The California Consumer Privacy Act of 2018 (CCPA) took effect on Jan. 1, 2020, and compliance departments across the United States now have some work to do. This is especially ...
Metromile, Tokio Marine Group Expand Claims Partnership
Metromile and Tokio Marine Group said they are expanding their claims partnership. Metromile, an InsurTech insurance carrier centered around machine learning, said that Tokio Marine is now using its ...
Climate Change Makes ‘Atmospheric Rivers’ Drench the U.S.
Climate change is spurring a new, deep dive into a complex, little-studied weather system blamed for creating billions of dollars in flood damage across the western U.S. Atmospheric rivers are narrow ...
Bayer Appeals to Overturn $86M Roundup Cancer Verdict
Bayer AG has asked a California appeals court to overturn an $86 million verdict that found it was responsible for a couple's cancer caused by its glyphosate-based weed killer Roundup. In a Friday ...
Facebook Pledges Security Improvements After Hack of 29 Million Users
Facebook Inc. pledged to improve security protocols to resolve a lawsuit blaming the company for a 2018 data breach that exposed personal data of 29 million users. The company will check more ...
A New Risk for Muni-Bond Insurers: Ransomware Attacks on Healthcare Providers
Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley Hospital in West Virginia was partly responsible for the hospital's ...