Claims / Legal
Startup Lemonade Adds Firearms Coverage Restrictions, Citing ‘Social Good’
Online home and rental insurer Lemonade has said it is limiting its coverage for gun owners as part of its commitment to "make insurance into a social good." Citing the recent Las Vegas mass ...
Hurricane Maria Ripple Effects: U.S. Hospital IV Bag Shortage
A key U.S. maker of hospital products said it expects a temporary shortage of small saline bags because of the hurricane that hit Puerto Rico. The hurricane wiped out the island's electrical grid, ...
Suits Against Japanese Steel Supplier Expected After Fake Data Disclosure; GM, Ford Among Top Customers
Kobe Steel Ltd.'s legal problems are just beginning in wake of the company's disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and ...
Tesla, Liberty Mutual Partner on Electric Car Insurance for U.S.
Tesla Inc. is partnering with Liberty Mutual Insurance Co. to offer an auto insurance plan designed specifically for its electric cars in the U.S. The plan made available to U.S. customers starting ...
EPA Orders Cleanup for Superfund Site Flooded by Harvey
The Trump administration has handed a rare victory to environmentalists, ordering two big corporations this week to pay $115 million to clean up a Texas toxic waste site that may have spread ...
S&P Changes Lloyd’s Outlook to Negative; Cat Loss Tallies Continue
While affirming the A+ financial strength rating of the Society of Lloyd's, S&P Global Ratings announced said Thursday that it revised the rating outlook to negative from stable in the wake of ...
Cat Bond Issuance Still Has a Record Year; Q3 Was Typically Slow
Catastrophe bond issuance came to just $460 million in new limit during the 2017 third quarter, though the typically slow Q3 added to what remains a record year for the sector, the Property Claims ...
Napa, Santa Rosa Fires Place 172,000-Plus Homes at Risk: CoreLogic
More than 172,000 homes with a combined reconstruction cost value of more than $65 billion face some level of risk from the metropolitan Napa and Santa Rosa fires in California, according to a new ...