Claims / Legal
Trump’s Relaxation of Safety Regs Rolls Back Risk-Reduction Disaster Rules
The Trump administration's move to relax an Obama-era chemical safety regulation put in place after an explosion at a fertilizer plant is the latest example of the White House easing rules ...
Financial Firms, Regulators Urged to Be More Agile on Cybersecurity Risks
Cleveland Federal Reserve President Loretta Mester said on Thursday that financial firms and regulators should be more agile and share information to better combat cybersecurity threats. Financial ...
Boeing Reports Settlement of More Than Half of Lion Air Crash Lawsuits
Boeing Co has settled more than half of some 118 cases related to the fatal crash of a Lion Air flight on a 737 MAX aircraft in October 2018, attorney Dan Webb said at a court hearing on Thursday. ...
A Corpse Adds to Old Mutual’s Ongoing Problems
Old Mutual Ltd. is in the spotlight again for all the wrong reasons. The 174-year-old insurer was forced to apologize after a grieving family brought a corpse to one of its branches so the company ...
GM Accuses Fiat Chrysler of Racketeering in New Corruption Lawsuit
General Motors Co. hit Fiat Chrysler Automobiles NV with a blockbuster racketeering lawsuit, alleging a years-long bribery and corruption scheme that has sent United Auto Workers and Fiat Chrysler ...
Another Business Interruption: Mass California Power Outages Return
Power supply to about 150,000 California homes and businesses is expected to be shut off on Wednesday, in the latest precautionary outage planned by utility giant PG&E against wildfire risks ...
Claims Handling Errors Are Often the Source of Insurer Market Conduct Troubles
Mistakes by claims professionals were the most common reason for enforcement actions taken against U.S. property and casualty insurers in 2018, taking the No. 1 and No. 2 spot on a top ten list ...
Insurers, Others Pressure Global Energy Watchdog Over Climate Change Fight
Fatih Birol, the head of the International Energy Agency (IEA), faced renewed pressure on Monday from investors and scientists concerned about climate change to overhaul the agency's projections for ...