Claims / Legal
Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re
Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...
A New Record: Catastrophe Bond Issuance Surpasses $10.5B in 2017
Catastrophe bond issuance surpassed $10.5 billion in 2017 - a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are ...
Music Streaming Company Spotify Slammed With $1.6B Copyright Lawsuit
Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and ...
Airbnb Defeats Apartment Complex Lawsuit Concerning Unauthorized Subleases
Airbnb Inc. defeated a lawsuit by Apartment Investment & Management Co., one of the largest residential landlords in the U.S., alleging that the online home-sharing marketplace enables tenants to ...
15 Nasty Weather Events Through October 2017 Cost $1B or More Apiece
In the year that President Donald Trump pulled out of the Paris accord and downplayed global warming as a security threat, the U.S. received a harsh reminder of the perils of the rise in the planet's ...
Slowed iPhones Lead to Lawsuits, Apple Apology
Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users ...
QBE Settles Australia Class Action Suit Over Profit Warning for $103.2M
QBE Insurance Group Ltd. has agreed to pay $103.2 million to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the ...
Amtrak Crash Leads to Questioning of Trump’s U.S. Rail Safety Plan
As investigators sift through the wreckage of this week's Amtrak train crash in Washington state, critics have begun questioning President Donald Trump's recent efforts to roll back or delay ...