Claims / Legal
With Billions in Lawsuits From Fire Victims Pending, Shares of California Utility Tumble
Shares of PG&E Corp. plunged before the start of regular trading Monday after a judge ruled that a jury should determine whether it should pay as much as $18 billion in damages to wildfire ...
Millennials Drive While Using Cellphones at Worse Rate Than Gen X, Boomers: Liberty Mutual
Auto insurance carriers remain wary of drivers who increasingly use their phones while behind the wheel. Millennials are the worst offenders, according to a new global driving study from Liberty ...
Apple Copyright Infringement Suit Seeks to Shut Down Correllium’s ‘Perfect’ iPhone Replicas
Apple Inc. accused upstart Corellium LLC of illegally selling virtual copies of the iPhone and iPad operating systems under the guise of helping discover security flaws. In a copyright-infringement ...
Only 42 Percent of H1 Global Economic Losses Were Covered by Insurance: Swiss Re
Natural catastrophes and man-made disasters in the first half of 2019 were responsible for $44 billion of economic losses globally, according to Swiss Re Institute's preliminary sigma estimates. This ...
Hacker That Struck Capital One May Have Targeted 30 Other Companies
The Seattle woman accused of hacking into Capital One Financial Corp.'s cloud and stealing personal information on more than 100 million Americans also broke into servers of more than 30 other ...
Bayer May Be Seeking Roundup Cancer-Claim Deal Worth Up to $8B
Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An ...
California’s New Data Privacy Law Could Be a Game-Changer
As the nation's most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. ...
For Insurers, New Calif. Data Protection Regulation Offers ‘Tremendous’ Opportunity
More than a year after The General Data Protection Regulation (GDPR), a regulation in EU law on data protection and privacy for all citizens of the European Union, was implemented in May 2018, some ...