Claims / Legal
Attritional and Catastrophe Losses Hammered Lloyd’s 2017 Results
The Lloyd's market's pre-tax loss of $2.8 billion in 2017 was partly due to hurricanes and wildfires in the third and fourth quarters. But these losses were exacerbated by the continued deterioration ...
Data Breach Notification Gaps Remain Despite Improved Alerts: Munich Re’s Hartford Steam Boiler
Carriers face ongoing challenges in developing effective strategies to insure against data breaches. A new consumer survey from Munich Re's Hartford Steam Boiler underscores the work left to be done ...
Daughter of Woman Killed by Uber Self-Driving Vehicle Retains Attorney
The daughter of the woman killed by an Uber self-driving vehicle in Arizona has retained a personal injury lawyer, underlying the potential high stakes of the first fatality caused by an autonomous ...
Facebook User Sues, Alleging Privacy Violation over Cambridge Analytica Data Disclosure
A Facebook Inc. user sued the social network and a data research firm that played a role in the election of President Donald Trump alleging that her privacy was violated when information on some 50 ...
Toyota Stops Autonomous Car Tests, Worried About Emotional Impact to Human Safety Drivers
Toyota Motor Corp. halted tests of its "Chauffeur" autonomous driving system on U.S. public roads after an Uber Technologies Inc. vehicle operating in autonomous mode under the supervision of a human ...
‘Active Shooter’ Insurance Policies Emerge for U.S. Schools
Insurance broker Paul Marshall can count on his phone ringing in the aftermath of a school shooting. Since the Feb. 14 shooting at a Florida high school, where 17 people were killed and more than a ...
Uber Crash Realizes Fears of Driverless Cars’ Risks and Liabilities
Last week, Waymo showed a video of people riding in its self-driving minivans. They thumbed their phones, yawned and one snoozed. The message: Driverless cars are so safe, they're boring. The clip ...
U.S. P/C Catastrophe Losses Reached a Record $53B in 2017: A.M. Best
U.S. P/C insurance catastrophe losses in 2017 reached $53 billion in 2017, a surge of close to 110 percent compared to 2016, according to a new A.M. Best report. As expected, insured losses from ...