Claims / Legal
AIG Sued for $100M in Bonuses by Former Derivatives Staff
American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the ...
Hurricane Matthew Reaches Florida; Millions in U.S. Southeast Told to Flee
Millions of people in the U.S. southeast were ordered to flee as Hurricane Matthew, set to become the strongest storm to hit the country since 2005, headed toward Florida's East Coast after leaving ...
The P/C Insurance Industry and Analysts Scramble for Hurricane Matthew
With news that Hurricane Matthew could hit Florida and nearby states by Friday as a Category 4 storm, the property/casualty insurance industry scrambled on Thursday to assess and prepare for the ...
Hurricane Matthew Could Leave Behind Nearly $15B in Florida Economic Losses
Hurricane Matthew has thousands fleeing the U.S. Southeast where it's expected to batter the coastline and threaten electricity supplies to more than 1 million people in Florida. Potential losses are ...
J&J Warns Patents Their Insulin Pumps Carry Cyber Hacking Risks
Johnson & Johnson is telling patients that it has learned of a security vulnerability in one of its insulin pumps that a hacker could exploit to overdose diabetic patients with insulin, though it ...
Wells Fargo Scandal May Reach to Thousands of Small Business Owners
The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope of the bank's issues ...
AIG Transfers 25,000 Brazilian Auto Policies to Porto Seguro Unit
American International Group Inc.'s business in Brazil agreed to transfer about 25,000 auto policies to a unit of Porto Seguro SA as the U.S. company scales back its international businesses. The ...
London Insurance Market Will Test Catastrophe Response: Hiscox Chair
The London insurance market plans to test its response this month to a major catastrophe on the scale of the 9/11 attacks, the chairman of insurer Hiscox said on Tuesday. While insurers have coped ...