Claims / Legal
A Large Swath of Businesses Remain Ill-Prepared for Cyber Attacks: Hiscox
A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber attacks. Fewer than one-third ...
17 Months Later, VW Emissions Scandal Legal Trouble Keeps Coming
Luxembourg has launched criminal proceedings over Volkswagen's diesel emissions scandal, showing the German carmaker is still struggling to draw a line under the crisis some 17 months after it broke. ...
Catastrophe Tests Show London Insurers’ Capital Risks and Resilience
A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in ...
VW Slapped With Yet Another Emissions Suit, This Time From a Fish Distributor
Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe's biggest ...
Farmers Sue Top U.S. Chicken Processors Over Their Pay
A group of U.S. chicken farmers sued the country's biggest poultry processors, including Tyson Foods Inc, for allegedly conspiring to depress their pay, the latest accusation of improper collusion in ...
Conflict Over Who Will Pay for San Francisco’s $750M Tilting Tower
Nina Agabian, a retired director of research in global health science at the University of California, bought a 29th-floor apartment in San Francisco's Millennium Tower in 2010. "It was supposed to ...
Facebook on Losing Side of $500M Virtual Reality Headset Verdict
The virtual reality headset maker that Facebook Inc. bought in 2014 for $2 billion used stolen technology, a jury said in awarding $500 million damages to ZeniMax Media Inc. Jurors in Dallas federal ...
Group Calls for Cutting-Edge Tech Infusion in U.S. Flood Insurance Program Revamp
A U.S. flood insurance program that is drowning in billions of dollars in debt can be modernized to bolster its finances while curbing the public's exposure to flood risks, a national coalition said ...