Claims / Legal
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 ...
Disney to Fork Over $100M In No-Poaching Lawsuit Resolution
Walt Disney Co. agreed to pay $100 million to resolve claims it colluded with other animation studios to not hire one another's workers in California, where allegations of no-poaching pacts have ...
Volkswagen Will Pay $1.2B to Resolve U.S. Consumer Diesel Engine Claims
Volkswagen AG agreed to pay $1.2 billion to resolve U.S. consumer claims over tainted large diesel engines, adding to the carmaker's financial burden as it works through a pile of legal challenges ...
Tesla Alleges Ex-Autopilot Program Director Stole Company Secrets
Tesla Motors Inc. sued the former director of its Autopilot program, accusing him of taking confidential information about the company's driver-assist system and trying to recruit at least a dozen ...
Talent and Technology Top Claim Department Challenges
Maintaining quality staff and keeping up with changing technology and its costs continue to be major drivers of challenge for property/casualty claim departments, according to company executives. In ...
Former VW CEO Under Investigation by German Prosecutors
German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. ...
Europe’s Firms, Unprepared for Cyber Risks, Face Breach Disclosure Law
European companies are unprepared to cope with the reality of today's cyber risks, according to a new report from Marsh & McLennan Cos. (MMC) and cyber security company, FireEye. However, ...