Claims / Legal
Wells Fargo Will Settle Lawsuit Over Account Abuses With $110M Payment
Wells Fargo & Co said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the ...
Global Insured Disaster Loss Events Climbed 43% in 2016: Swiss Re
Global insured losses from disaster events hit $54 billion in 2016, up 43 percent from the previous year, as countries around the world dealt with earthquakes, storms, floods, wildfires and other ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
Cyclone Debbie Causes Australia Mass Evacuations, Mine Closures, Catastrophe Declaration
A powerful cyclone tore into Australia's northeastern coast on Tuesday, forcing thousands of people to flee, shuttering coal to gold mines and prompting insurers to declare a catastrophe. Cyclone ...
Trying to Go Paperless? Robot Removes Staples for Moves to Digital Records Storage
Most staple removers fit in the palm of your hand. This one would fill your living room and uses robotics and artificial intelligence. Ripcord, a startup backed with a $9.5 million funding round led ...
Another Record Year Likely for U.S. Tornadoes as Thunderstorms Threaten
Another wave of tornado-spawning thunderstorms is set to rip across the Great Plains and South this week, putting the U.S. within reach of a record year for life-threatening twisters. Severe storms ...
PwC Settles Negligence Lawsuit Over MF Global’s 2011 Collapse
PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey ...
Lloyd’s Backs Coverage for Sellers Suspended From Amazon
Like many people who make their living selling stuff on Amazon.com, Rob Griffin is terrified of getting kicked off the site. Two years ago the Atlanta resident was suspended for selling a banned ...
For Insurers, Thunderstorm and Hurricane Losses Leave Equal Financial Impact
Risk to U.S. property from thunderstorms is as high as from hurricanes, according to new research finding that for the past decade, severe convective storms have been the largest annual aggregated ...