Claims / Legal
Beware of New Capacity Even as Cyber Insurance Market Soars: Fitch Ratings
The cyber insurance market continues to display both tremendous growth and enormous opportunity for the U.S. property/casualty insurance industry as demand continues to soar, according to a new Fitch ...
Thunderstorms Slammed the U.S. in April, While Africa Floods Claimed 78 Lives
Five separate weather systems caused severe thunderstorms across the United States in April, the strongest of which affected the Plains, Midwest, Southeast, Mid-Atlantic and the Northeast, with ...
Lloyd’s Terminates Ties With All NRA Insurance Programs
Lloyd's of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones. "The Lloyd's Corporation ...
Uh-Oh, VW: Two Million Diesel Car Owners Could Join Class Action Suits
Around two million diesel car owners in Germany could join class action lawsuits to seek compensation from Volkswagen, Justice Minister Katarina Barley said on Wednesday. The German cabinet approved ...
Former Anbang Insurance Chairman Slapped With 18-Year Prison Sentence Over $10B Fraud Case
Wu Xiaohui, former chairman of Anbang Insurance Group Co., was sentenced to 18 years in prison after being convicted of fundraising fraud and embezzlement, according to the official Xinhua News ...
Executive Viewpoint: Insurers Must Raise Their Own Cybersecurity Standards Before They Can Credibly Protect Others
Business owners, particularly those with small-to-medium-size businesses, often think of cyber risks as an information technology problem, not a management problem. They believe their IT staff or ...
Europe’s Regulators Say They Aren’t Ready for Sweeping New Data Privacy Law
Europe's General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web. There's one problem: many of the regulators who will police ...
Harvey Weinstein Countersues Chubb, Seeking Payment of Legal Defense
Film producer Harvey Weinstein is fighting back against personal indemnity insurer Chubb Ltd, saying Chubb must pay for his legal defense against 11 lawsuits that accuse him of sexually harassing or ...