Claims / Legal
As Congress Mulls Flood Insurance Program Renewal, Private Markets Envision Opportunity
Unleashing the invisible hand that has been missing from the flood insurance market for nearly 50 years is no easy task. But private flood insurance experts say the change would be a good thing not ...
Jury Orders J&J to Fork Over $417M in Talc Cancer-Risk Trial
A California jury on Monday ordered Johnson & Johnson to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby ...
Suit Alleges Nestle’s Poland Spring Passes Off Ground Water as High-End H20
Nestle SA's Poland Spring Water unit has duped American consumers into paying premium prices for ordinary ground water that's pumped from some of Maine's most populated areas, rather than from ...
Common Misconceptions and 4 Other Reasons Cybersecurity Is Failing
Businesses are spending a small fortune on cybersecurity but what they are doing is not working very well, according to a cybersecurity expert who sees the insurance industry as a key to improving ...
Another Wells Fargo Snafu: It May Have Harmed Customers by Closing Real Accounts
After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real ...
Bank of America, Deutsche Bank Resolve Agency Bond Rigging Lawsuits
Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market ...
Three Potential Atlantic Storms Are Brewing, Thanks to Warm Ocean Temps
Not one, but three potential storms threaten to usher in the busiest phase of the Atlantic hurricane season later this month, courtesy of warm ocean temperatures. The season -- which runs from June ...
U.S. Govt. Sued for Alleged Slow Implementation of Rear Vehicle Seat Belt Rules
A new lawsuit accuses the U.S. government of being too slow to implement rules requiring that rear seat vehicle passengers be warned when they fail to buckle their seat belts. In a complaint filed on ...