Claims / Legal
U.S. Cyber Insurance Prices Dipped in Q1 as Capacity, Competition Grew: Marsh
Average U.S. cyber insurance prices dipped 1.7 percent in the 2018 first quarter, Marsh said in its Global Insurance Market Index for the quarter. This is the fourth time a decrease has happened in ...
Hackers Target Mexico Banks; $15M Reportedly Siphoned From Five Companies
Mexico's central bank said on Wednesday that a cyberattack had sucked around 300 million pesos ($15.33 million) in fraudulent transfers from five companies, but it was unclear how much thieves had ...
U.S. Commercial Lines Could Produce Small Underwriting Profit in 2018: Fitch Ratings
After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe losses return to more historical norms, Fitch Ratings said in a new ...
Six More States Sue Purdue Pharma, Alleging It Fuels Opioid Epidemic
Litigation against OxyContin maker Purdue Pharma LP is intensifying as six more U.S. states on Tuesday announced lawsuits, accusing the company of fueling a national opioid epidemic by deceptively ...
Judge Won’t Let Uber Deny Responsibility for Driver Assaults
A judge refused to let Uber Technologies Inc. off the hook over a high school student's claims that her driver made lewd comments to her -- marking another rejection of the company's argument that it ...
J&J Denies Baby Powder Asbestos Claims as Latest Lawsuit Reaches Trial
A trial for a lawsuit alleging that Johnson & Johnson Baby Powder was responsible for the death of a woman due to her exposure to cancer-causing asbestos began in South Carolina on Monday in the ...
NRA Alleges NY Pursued ‘Blacklisting Campaign’ to Chase Away Affiliated Insurers, Banks
The National Rifle Association on Friday sued New York Governor Andrew Cuomo and the state's financial regulator for engaging in what it said was a "blacklisting campaign" aimed at swaying banks and ...
RBS Agrees to Settle U.S. Mortgage Bond Investigation With $4.9B Deal
Royal Bank of Scotland has agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of ...