Claims / Legal
Insurers Pressured by Activist Groups to Drop Coverage of Oil Sands Pipeline
A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project which ...
Novel Opioid Settlement Talks Framework Draw Federal Judge’s Support
A federal judge on Tuesday expressed support for a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every community ...
For Munich Re, Claims Decline and Net Profit Soars
German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million ...
As Hacker Attacks Swell, Cybersecurity Experts Can Name Their Price
It took a $650,000 salary for Matt Comyns to entice a seasoned cybersecurity expert to join one of America's largest companies as chief information security officer in 2012. At the time, it was among ...
The Impact of New Disbursement Options for Insurers
The way we pay people has been changing rapidly over the last five years. We used to write checks to our babysitters and lawn care specialists, and now we just push money via PayPal or Venmo. We pay ...
Travelers Must Face Bad Faith Contract Claim After Appeals Court Ruling
Kyle and Marie Stechert say they rushed to buy another car after their vehicle was "totaled" in an accident because their insurance carrier refused to keep paying for their rental vehicle. The new ...
Climate Change Worsened Europe’s Record Heatwave in July
Heat scorched Western Europe this July in what will likely be confirmed as the hottest month in recorded history, according to the UN's World Meteorological Organization. "This is not your ...
Massachusetts-Based Cybersecurity Company Raises $200M to Fuel Global Expansion
Antivirus startup Cybereason said on Tuesday it raised $200 million in investment from Japan's SoftBank Group Corp, doubling the total investments raised by the company so far to about $400 million. ...