Claims / Legal
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. ...
Norwegian Insurer Nears First Sale of Industry’s Newest, Riskiest Bonds
Gjensidige Forsikring ASA is on track to become the first insurer to issue a new type of bond that will become the industry's riskiest debt. The Norwegian company may sell as much as 1 billion kroner ...
Italy Quakes Could Lead to Limited Insured Losses: RMS
Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of ...
VW Agrees to Cover Dealers’ Diesel-Cheating Losses
Volkswagen AG agreed to pay 652 auto dealerships for their losses from the diesel-cheating scheme that's affected more than a half million cars in the U.S. The carmaker will buy back unfixable used ...
BlackBerry Lawsuit Gets Second Chance in Lower Court
A U.S. appeals court on Wednesday upheld the dismissal of a lawsuit accusing BlackBerry Ltd of fraudulently inflating its stock price by painting an upbeat picture of the prospects for its BlackBerry ...
VW to Begin Environmental-Suit Settlement Talks With Some States
Volkswagen AG will start negotiating with a group of U.S. states to settle lawsuits filed over claims the carmaker violated their environmental laws by equipping vehicles with software to manipulate ...