Claims / Legal
Cyber Risk Insured Losses Reached Record Levels in 2017: PCS/Verisk
Cyber risk insured losses reached $400 million in aggregate across three events in 2017, the largest annual level yet tracked by the Property Claims Services Unit of Verisk Insurance Solutions. "With ...
Workplace Romances Getting Heightened Liability Scrutiny
It happens in so many workplaces – two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more anxious when employees ...
Intel Slapped With Class Action Suits Over Microchip Security Flaws
Intel Corp said on Friday shareholders and customers had filed 32 class action lawsuits against the company in connection with recently-disclosed security flaws in its microchips. Most of the ...
Growing Drone Risks Evident in Spike of Collisions and Close Calls
Aviation regulators are investigating a flurry of collisions and close calls between consumer drones and aircraft, encounters they say pose significant risks to the flying public. Canadian ...
Cybersecurity High on Executives’ Lists; Relatively Few Have Plan to Address It
Most executives now see cybersecurity as a major risk management priority, but relatively few have a plan in place to address it or are confident their companies can deal with the problem. The ...
DroneBase Raises $12M in New Financing; Insurers Among Drone Operator’s Customers
DroneBase raised $12 million in new funding to expand its drone operations services for insurers and other businesses. Union Square Ventures and Upfront Ventures co-led the round. DJI and new ...
Takata’s U.S. Air Bag Settlement to Include Up to $130M of Automaker Money
A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a ...
L.L. Bean Slapped With Breach of Warranty Suit After Ending Lifetime Return Policy
L.L. Bean Inc. is facing a breach of warranty lawsuit after changing its decades-old lifetime warranty, in what may be the first of many claims over the now-dead policy. The complaint, filed this ...