Claims / Legal
AXA Exposed: Carrier Discloses It Covered Two Contractors Working on Notre-Dame Restoration
French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame's restoration prior to the blaze that devastated the ...
As Insurers Field Record Climate-Related Losses, Central Banks Push Greener Finance
With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of ...
GM Hit With Suit Alleging it Failed to Warn Cadillac Owners of Headlight Defects
General Motors Co. failed to warn U.S. drivers of a Cadillac sport-utility vehicle about a defect that causes headlights to malfunction because moisture gets inside the glass, creating a safety ...
Major European Insurers Expect France to Shoulder Notre-Dame Rebuilding Cost
Major European insurers expect France to bear the bulk of the cost of rebuilding the Notre-Dame Cathedral after a fire tore through the eight-centuries-old Paris landmark on Monday. The cost of a ...
An Explanation About Uber’s ‘Heavy’ Dependence on Insurance
Uber Technologies Inc., on its way to an initial public offering that some media reports say could raise $10 billion, might not be in the position it is in without insurance. "Our business depends ...
Most Hotel Websites Accidentally Leak Guests’ Personal Data: Symantec Research
Two out of three hotel websites inadvertently leak guests' booking details and personal data to third-party sites, including advertisers and analytics companies, according to research released ...
California Gov. Newsom Proposes Fund to Cover Wildlife Liabilities
California Governor Gavin Newsom on Friday proposed a new fund to pay for wildfire liabilities and said he would hold the state's largest utility more accountable for insuring safety against the ...
Bayer Ordered to Pursue Mediation in Roundup Weedkiller Cancer Lawsuits
A U.S. judge ordered Bayer AG to pursue mediation with plaintiffs claiming that its Roundup weedkiller causes cancer, asking the company to try to settle lawsuits that have wreaked havoc on its share ...