Claims / Legal
Apple Sues Chip Maker for $1B, Alleging Anticompetitive Tactics
Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over ...
Lemonade Boasts Claims Settlement Speed Record, AI Jim Answers Questions
Recently, Lemonade reported a claim-handling world record. The insurer reported a claim settlement speed record—three seconds and no paperwork. According to the insurer, a policyholder submitted a ...
Cost of Workplace Injuries Trends Downward: Liberty Mutual
Workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers $59.9 billion in 2014, the most recent year for which statistically valid injury data are ...
Tesla Autopilot Function Cleared in Probe of Fatal 2016 Crash
The push to bring self-driving cars to American roads got a significant boost on Thursday when the nation's chief auto safety regulator essentially cleared Tesla Motors Inc.'s Autopilot system of ...
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 ...