Claims / Legal
Wildfire Fallout: Everest Re Estimates $100M Q1 2018 Catastrophe Loss
Everest Re Group disclosed it will be dealing with $100 million in estimated catastrophe losses for its 2018 first quarter. California wildfires and related events are to blame. The Bermuda-based ...
Chubb Injects New Free Online Cyber Index Into Data Breach Battle
Chubb has put two decades worth of its own commercial cyber claims data into an online index that shows the cyber threats for organizations based on their size and industry. Access to the new ...
Great American, National Casualty, Other Carriers Sued by USA Gymnastics Over Nassar Lawsuit Costs
Indianapolis-based USA Gymnastics is suing its insurance carriers, alleging that they haven't fully reimbursed it for defense costs incurred in lawsuits filed by victims of disgraced former sports ...
Attorneys Warn Automated Driving Is Auto Industry Product Liability Issue
Deadly crashes involving Tesla Inc and Uber Technologies vehicles operating entirely or in part under automated systems have made a once-abstract problem very real for auto industry lawyers gathered ...
Wells Fargo Could Get $1B Fine to Resolve Auto Insurance, Mortgage Lending Abuses
Two U.S. regulators have proposed Wells Fargo & Co pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its ...
Appeals Court Revives Barnes & Noble Data Breach Lawsuit
A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines ...
Rights of Contract Workers Tested in Tesla Racial Bias Suit
On a fall evening in 2015, Owen Diaz went to drop off food for his 20-year-old son Demetric, whom he'd helped find a job at the same Tesla Inc. factory where Owen operated elevators. As he turned the ...
Risk Managers Worry Over Multiple Cyber Risks and Coverage Gaps
Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift ...