Claims / Legal
Apple Offers Up to $1M to Researchers Who Uncover iPhone Cybersecurity Flaws
Apple Inc is offering cyber security researchers up to $1 million to detect flaws in iPhones, the largest reward offered by a company to defend against hackers, at a time of rising concern about ...
Tesla Owner Sues Carmaker, Alleging Use of Defective Batteries
A Tesla Inc owner has filed a lawsuit against the electric vehicle maker, claiming the company limited the battery range of older vehicles via a software update to avoid a costly recall to fix what ...
Climate Change Could Increase Turbulence On Your Next Transatlantic Flight
Keeping your seat belt buckled for the duration of Transatlantic flights increasingly looks like a good idea, according to a study of weather systems. The research by meteorologists at the University ...
California Utility Loses $2.6B Due to Wildfires and Bankruptcy
PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this year tied to wildfires that devastated the state in 2017 and ...
Appeals Court Rejects Facebook’s Attempt to Halt Facial Recognition Class Action Lawsuit
A federal appeals court on Thursday rejected Facebook Inc's effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their ...
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 ...