Claims / Legal
Global Natural Catastrophe Insured Losses Hit Record $144B in 2017: Swiss Re
Global insured losses from natural catastrophes were $144 billion in 2017—the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest ...
Wells Fargo Reportedly Risks Record Fine From U.S. Consumer Watchdog for Various Abuses
The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, ...
Proposed Uber Settlement Addresses Pay Disparity, Sexual Harassment Claims
Uber Technologies Inc.'s $10 million settlement with women engineers who complained they were underpaid compared with men would also rid the ride-hailing giant of liability for potentially hundreds ...
Terrorism Insurance Still a Stable Market Even as Threats Evolve: Marsh Report
Terrorism insurance markets should remain stable even as threats rise and the types of attacks have continued to evolve. That's thanks to a nimble and proactive industry, Marsh asserts in a new ...
Carriers Struck With Nearly $700M in Dog Bite Claims for 2017
Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2017, costing almost $700 million. That's according to the Insurance ...
U.S. Pipeline Owners Risk More Regulation Over Unreported Cyber Attack
A cyberattack that U.S. natural gas pipeline owners weren't required to report has lawmakers taking a closer look at how the industry is handling such threats, raising the prospect of tighter ...
J&J Suffers Trial Defeat in Suit Alleging Cancer Linked to Asbestos in Talc
Johnson & Johnson suffered its first trial loss in a lawsuit claiming its talc-based products including Johnson's Baby Powder contain cancer-causing asbestos, with a New Jersey jury on Thursday ...
March U.S. Storms Produced $3B in Economic Losses, Plenty of Business Interruption Problems
The U.S. dealt with $3 billion in economic losses during March, thanks to a number of winter storms that caused multistate damage, travel delays and business interruption problems, according to Aon ...