Claims / Legal
EU Passporting Could Be Crucial for Lloyd’s Market Position in Post-Brexit World
The UK's exit from the European Union, or "Brexit," could lead to a loss of business for Lloyd's of London unless the UK government is able to negotiate passporting arrangements to maintain access to ...
Now Australia Is Suing Volkswagen Over Alleged Emissions Fraud
The Australian consumer watchdog on Thursday said it had sued the Australian arm of world No. 2 carmaker Volkswagen AG for intentionally selling more than 57,000 vehicles with software which lied ...
Amtrak Scores Partial Victory in Effort to Recoup Superstorm Sandy Insurance
Amtrak secured a partial U.S. appellate court win on Wednesday in its efforts to recoup insurance coverage after the railroad service sustained more than $1 billion in losses during Superstorm Sandy ...
Takata in Hot Seat Again After Air Bag Materials Explode in Texas
A truck transporting Takata Corp air bag propellant material at the center of a global recall crashed and exploded in Texas last week, killing one woman and injuring four other people, the auto parts ...
Typhoon Lionrock Makes Landfall at Notorious Japanese Location
Typhoon Lionrock made landfall in Japan the evening of Aug. 30, carrying the intensity of a Category 1 hurricane. It hit the same area where a massive earthquake and tsunami in 2011 caused death and ...
A Booming Economy Means Higher U.S. Auto Accident Fatalities
Who says recessions are all bad? About 5,000 fewer people die every year in auto accidents for each 1 percentage point increase in U.S. unemployment because downturns keep dangerous drivers off the ...
Everest Re Closes $49M Sale of U.S. Crop Insurance Subsidiary
Everest Re Group has closed the sale of its U.S. crop insurance subsidiary, pocketing $49 million in the process. Plans for CGB Diversified Services to buy Heartland Crop Insurance were first ...
GM Wins Third Ignition-Switch Trial, Though Many Lawsuits Remain
General Motors Co.'s victory in a Houston courtroom Thursday makes the carmaker three for three in trials related to an ignition-switch defect, but its legal entanglements may stretch on for years. ...