Claims / Legal
InsurTech CyberCube Calls on Carriers to Set Global Cybersecurity Standards
CyberCube, an InsurTech focused on cyber risk analytics, is calling on the insurance industry to set global cybersecurity standards as the world digitizes. "Internet-connected technologies is a prime ...
Claims Are Rising as Australia’s Bushfire Cleanup Process Begins
The New South Wales and Victorian state governments will coordinate the clean-up of insured and uninsured residential and commercial properties destroyed in the deadly wildfires. Under the plan, the ...
$8B Risperdal Award Against J&J Slashed to $6.8M
A Pennsylvania judge on Friday slashed to $6.8 million from $8 billion a punitive damages award against Johnson & Johnson to a man who said it failed to warn that boys using its antipsychotic ...
Japanese Firms Rely Largely on Insurance in Plans for Increasing Floods
Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to fortify facilities, relying instead on insurance and securing ...
World Economic Forum Warns Long-Term Risks Are Environmental
The World Economic Forum is sounding alarm bells on climate change, with environmental risks occupying the group's top five long-term concerns for the first time on record. Extreme weather events, ...
Cyber Ranks as Top Peril for Companies Globally for 1st Time: Allianz Survey
Cyber incidents rank for the first time as the most important business risk globally, pushing the perennial top peril, business interruption (BI), into second place, according to the Allianz Risk ...
FEMA Pursues California Utility Giant for $4B Owed in Past Wildfires
A regional director for the Federal Emergency Management Agency on Monday said FEMA is going after California utility giant Pacific Gas & Electric for $3.9 billion owed the government due to ...
Opinion: Travelex Ransomware Attack a Sign of Greater Trouble to Come
As ransomware attacks go, the cyber intrusion at Travelex that emerged on New Year's Eve could have lasting consequences — and ones that shouldn't be just a worry to the currency dealer. Travelex, ...