Claims / Legal
‘Olympic Destroyer’ Malware Likely Used to Target Pyeongchang Games
Several U.S. cyber security firms said on Monday that they had uncovered a computer virus dubbed "Olympic Destroyer" that was likely used in an attack on Friday's opening ceremony of the Pyeongchang ...
EU Regulators Warn of Cryptocurrency Pricing Bubble
Virtual currencies such as bitcoin have shown clear signs of a pricing bubble and consumers could lose all their money, the European Union's banking, securities and insurance watchdogs said on ...
Takata Clears Path Out of Bankruptcy by Settling Air Bag Claims
Takata Corp.'s U.S. operations, pushed into bankruptcy by the largest automotive recall in U.S. history, settled with two groups representing victims of its faulty air bags, the company said in court ...
Buffett’s Business Wire Finally Fends Off Denial of Service Cyber Attack
Business Wire, the corporate news release distributor owned by Warren Buffett's Berkshire Hathaway Inc, on Friday said it had fended off a cyber attack designed to disable it, and that its system was ...
Uber Will Pay $245M of Its Own Shares to Settle Waymo Self-Driving Auto Dispute
Uber Technologies Inc will pay $245 million worth of its own shares to Alphabet Inc's Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber's new chief executive ...
Europe’s January Windstorms Caused More than $2B in Insured Losses: Aon
European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon ...
U.S. P/C Industry 2017 Underwriting Loss Even Worse Than 2016: A.M. Best
The U.S. property/casualty insurance industry will likely post a second consecutive year of underwriting losses for 2017, and it will be much worse than the year before, according to a new A.M. Best ...
U.S. Treasury Security Mnuchin Seeks Answers From Consumer Bureau on Equifax Breach
U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc after a report that ...