Claims / Legal
Calif. Wildfires Blackened an Area the Size of Delaware So Far This Year
California is poised to set an annual record it never wanted to break: the amount of earth scorched by wildfires. Blazes have already ripped through enough acres to blacken the entire state of ...
Allstate Closes $525M InfoArmor Cash Purchase
The Allstate Corp. has closed its $525 million cash acquisition of InfoArmor, a little over a month after the deal was first announced. InfoArmor is based in Scottsdale, Ariz., and provides identity ...
Calif. Mulls Counterproposal to Trump’s Proposed Rollback of Car Emissions Standards
California is considering a formal, public counter-proposal to President's Donald Trump's proposed rollback of fuel and pollution requirements for cars and trucks, a state official said Thursday. The ...
Morgan Stanley Race Bias Lawsuit Sent Instead to Private Arbitration
A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday. U.S. District Judge John ...
Opinion: Tesla’s Settlement With SEC Boosts Investor Class Actions Against Company
Tesla and its CEO Elon Musk did not admit liability in this weekend's $20 million settlement with the U.S. Securities and Exchange Commission. But lawyers for shareholders suing Tesla in for ...
Alliant, Everest Re Launch Bid to Help Protect Hedge Funds From Cyber Attack
Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and ...
Q3 2018 Cat Losses Likely to Hit Above the Norm: Morgan Stanley
The 2018 third quarter was relatively benign compared to the record catastrophe losses incurred by carriers last year. But hurricanes, wildfires, typhoons and more could still leave industry losses ...
Growth vs. Accumulation Disaster: Cyber Reinsurers Mull Both Sides
Cyber insurance is a market with enormous growth potential – but one that also has the potential to become a costly, worldwide event in a matter of seconds. Unlike natural catastrophes, cyber isn't ...