Claims / Legal
Couple Sues Walmart Over El Paso Shooting, Alleging Poor Security
A couple wounded in the Aug. 3 mass shooting at a Walmart in El Paso, Texas, has sued the retailer, claiming the store lacked proper security, in what their lawyers called the first lawsuit over the ...
Caribbean Island Nations Pool Disaster Risk to Pay for Megastorms
Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the ...
How Quickly Do Properties Recover From Hurricanes?
Hurricane Irma struck the Florida coast on the afternoon of Sunday, Sept. 10, 2017. It moved north through much of the state, unleashing 140-plus mph gusts across the Florida Keys, Lee and Collier ...
InsurTech Zeguro Launches Small Business Cyber Risk Management Platform
Zeguro said it has formally launched its platform designed to help small and midsize companies quickly deal with cyber threats in multiple ways. The San Francisco-based startup, which describes ...
Big Drug Companies, Pharmacies, Distributors Ordered by Judge to Face Opioid Trial
A U.S. judge on Tuesday rejected efforts by major drugmakers, pharmacies and distributors to dismiss claims that they caused the nation's opioid crisis, clearing the way for a scheduled landmark ...
UK’s Prep for No-Deal Brexit Could Help Limit Economic Damage: BOE
The U.K.'s preparations for a no-deal Brexit may help to limit the damage to the economy, though the fallout will still be considerable, according to the Bank of England. Updating its assumptions, ...
Airport Screeners Can Be Sued Over Abusive Conduct: U.S. Appeals Court Ruling
A federal appeals court on Friday handed a victory to travelers who object to invasive screenings at U.S. airport security checkpoints, saying screeners are not absolutely immune from lawsuits ...
Hurricanes, Wildfires and More Will Drive January Reinsurance Renewal Rates Higher
Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling ...