Claims / Legal
Wells Fargo Believes Customers Properly Reimbursed in Fake Account Scandal
Wells Fargo & Co, the third-largest U.S. bank by assets, said on Friday it believes it has reimbursed the customers it needs to in order to comply with at least one of three settlements over a ...
Three Takata Executives Indicted in U.S. Over Company’s Faulty Airbags
Three Takata Corp. executives were accused in a U.S. indictment of misleading federal regulators, consumers and car manufacturers about the company's faulty air bags as part of a years-long scheme ...
The Latest Launches From XL Catlin and Starr Companies
XL Catlin issued a new environmental insurance product in Ireland designed to address new guidance from the Environmental Protection Agency. Starr Companies paired with a law firm to provide ...
Shipping Insurance Policies Fall Short, Exposing Industry to Cyber Threats
Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through ...
Arctic Cold Leaves Tens of Thousands in Southeast Europe Without Power
Arctic chill and heavy snowfall left tens of thousands of households in southeastern Europe without electricity and roiled the region's power markets as rivers froze over, cables failed and ...
Volkswagen Board Ready to OK $4.3B U.S. Diesel Penalty Payment
Volkswagen AG's supervisory board is set to sign off on a $4.3 billion settlement of U.S. criminal and civil penalties for rigging diesel-powered cars to cheat on emissions tests, the latest step in ...
Hackers Will Become More Cunning in 2017 as Cyber Risks Intensify: Report
Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according ...
Are Underwriters, Agents Endangered by AI?
"Meet your new underwriter." That's the caption under a photo of a robotic hand holding a pen that the digital news outlet Quartz (qz.com) used to introduce a recent article about an insurer using ...