Claims / Legal
Wells Fargo Will Refund $80M to Customers Wrongly Charged for Car Loan Insurance
Wells Fargo said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance (CPI) policies. Wells Fargo ...
Wells Fargo Alleges Alliant Attempted to Poach Brokers After Failed Buy Bid
Alliant Insurance Services Inc. lost its bid to buy Wells Fargo & Co.'s insurance business but sought to steal its rival's employees anyway, according to a lawsuit filed Thursday in Delaware. ...
Hackers Steal Data From 400,000 Client Accounts at Italy’s UniCredit Bank
UniCredit SpA, Italy's No. 1 bank, said hackers took biographical and loan data from 400,000 client accounts in one of the biggest breaches of European banking security this year. The attack occurred ...
U.S. House Votes to Erase Lawsuit Rule Forcing Customers Into Arbitration
The U.S. House of Representatives on Tuesday voted overwhelmingly to erase a new rule that lets bank and credit-card customers band together in lawsuits, as the agency that drafted the measure, the ...
Advanced Analytics Can Help Insurers Boost Customer Service at Multiple Points
The one constant in insurance is that there will always be new innovations and trends that suddenly disrupt the industry. Some of the newest disruptive forces include the Internet of Things (IoT), ...
Drone Near-Misses With Planes in UK to Prompt Tighter Rules
British officials announced plans Saturday to further regulate drone use in a bid to prevent accidents and threats to commercial aviation. The new rules will require drones that weigh eight ounces ...
Automakers Risk Fresh Liabilities With Latest Takata Air Bag Recalls
Takata Corp's bankruptcy filing last month was meant to draw a line under the auto industry's biggest safety recall, but last week's announcement of more air bag inflator recalls suggests automakers ...
AXA Will Offer Uber Drivers Accident Cover in France
Uber and insurance group AXA have joined forces in France to offer accident cover for drivers who work for the ride hailing service after it faced criticism over their treatment. In France, as in ...