Claims / Legal
Porsche Drawn into VW Diesel Suits
Porsche Holding SE was dragged deeper into the Volkswagen AG emissions debacle as investors raced to file German lawsuits ahead of the one-year anniversary of the scandal. A group of institutional ...
China Suit Claims Tesla Autopilot System Caused Fatal Crash; Company Investigates
Tesla Motors Inc. said it has no way of knowing whether its Autopilot system was involved in a crash in China that killed the driver because the car was too damaged to transmit data. A court in ...
Allstate’s August Pretax Catastrophe Loss Tally: $154M
Allstate said its estimated pretax losses in August came in at $154 million, a sizable decline from the previous month. The Illinois-based property/casualty insurance giant said those losses ...
Typhoon Meranti Wreaks Havoc in China and Taiwan
Typhoon Meranti wreaked havoc in China and Taiwan after striking late Wednesday, causing damage, widespread flooding and massive power outages, according to RMS. It appears, however, that things ...
Allianz’s PIMCO Alleges Co-Founder Bill Gross Leaked Confidential Bonuses
PIMCO escalated its legal battle with estranged co-founder Bill Gross by saying he leaked confidential pay information to the media and may have destroyed documents in violation of court rules. ...
As Terrorist Attacks Shift Focus, P/C Carriers Must Broaden Their Cover: Guy Carpenter
The property/casualty industry must expand its terrorism-related cover to address a shift in how terrorist attacks are being conducted, a Guy Carpenter executive said. Recent ISIS or ISIS-inspired ...
The Trial of Ex-AIG Chairman Hank Greenberg Finally Begins
Opening arguments began on Tuesday in the trial of former American International Group Inc chairman Maurice "Hank" Greenberg over accounting fraud at the insurance giant some 16 years ago. Greenberg, ...
We Could Have a $500M U.S. Drone Insurance Market by 2020
The fledgling drone insurance market could be worth more than $500 million in the U.S. by the end of 2020 and $1 billion globally, assuming growth projections for the technology's commercial use ...