Claims / Legal
State Farm to Displace 4,200 Workers and Exit 11 Locations
State Farm Mutual Automobile Insurance Co., the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing about 4,200 workers, after a $7 billion annual underwriting loss last ...
J&J Will Appeal $110M Talc Powder Cancer-Link Verdict
Johnson & Johnson was ordered by a St. Louis jury to pay more than $110 million to a Virginia woman who blamed her ovarian cancer on the company's talcum products. Imerys Talc America, which ...
Know Your Data and Other Cyber Risk Reduction Tips From Travelers and Symantec
With data breaches and business interruptions stemming from cyber-attacks now a significant worry for companies, there's one thing they can do to fight back: know their data. Travelers and cyber ...
Storm Damages Midwest Wheat Crop; More Heavy Rain to Come
Another round of rain is on the way for the water-logged Mississippi Valley, after a weekend storm that damaged wheat crops across the upper U.S. Great Plains. The bulk of the rain will be ...
The Latest Launches From Chubb and Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance rolled out its new Employment Practices Liability policy in Canada – part of a series of policies it offers there for executives. Chubb created a product ...
Lehman Pursues $2B in Alleged ‘Phantom’ Citi Fees as Trial Starts
Almost a decade after the global financial crisis, the fate of another $2 billion from the wreckage of Lehman Brothers Holdings Inc. is about to be determined. The failed New York investment bank is ...
Avoiding Lawsuit, United Settles With Flier Dragged From Plane
United Airlines avoided a lawsuit by settling out of court with a passenger whose forcible removal from a plane was captured on video and circulated online by fellow travelers, sparking widespread ...
Senate Bill Would Extend Flood Insurance Program for a Decade, With Changes
U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set ...