Claims / Legal
Uber Agrees to Fork Over $20M to Settle FTC Suit Over Driver Pay
Uber Technologies Inc. agreed to pay $20 million to settle a U.S. Federal Trade Commission lawsuit over driver compensation claims and its auto leasing program. The FTC sued the San Francisco-based ...
AIG Signs $9.8B Reinsurance Agreement With Berkshire Hathaway Unit
American International Group partnered with Berkshire Hathaway's National Indemnity Company on a new $9.8 billion reinsurance agreement that covers a large chunk of prior AIG's U.S. Commercial ...
Credit Suisse Will Pay $5.3B to Settle U.S. Mortgage Case
Credit Suisse has formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 ...
Natural Disasters Caused $54 Billion in Insured Losses in 2016: Aon Benfield
Overall, 26 percent ($54 billion) of economic losses caused by natural disasters worldwide during 2016 were covered by insurance as a higher percentage of damage occurred in areas with a lower ...
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 ...