Claims / Legal
Bank Cyber Attacks Reportedly Prompting New Fed Safeguards
U.S. regulators plan to require banks to adopt baseline safeguards to shield themselves from cyber threats after a series of assaults cost the industry billions of dollars and shook consumer ...
Tesla CEO Elon Musk Defends Timing of Autopilot Fatality Disclosure
Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to ...
A.M. Best, SNL Financial Settle Copyright Infringement Suit
A.M. Best Company has resolved a copyright infringement lawsuit against SNL Financial dating back to 2011. Neither side is disclosing detailed terms of the confidential settlement, which addresses ...
VW Will Avoid Germany Cheating Fines; Customers Balk
Volkswagen AG is set to escape fines from the German government even after cheating on emissions tests for years, reflecting a softer political stance that's increasingly drawing ire following a ...
Colorado State Hikes Atlantic Hurricane Forecast Up to 15 Storms
Colorado State University edged up its seasonal Atlantic hurricane forecast to 15, three more than in an average year. The new prediction is that six of those storms will become hurricanes and two ...
A Nearly 20% Workers Comp Rate Increase Proposed by NCCI in Florida
The Florida Office of Insurance Regulation (OIR) announced July 1 that the National Council on Compensation Insurance (NCCI) filed an amended rate filing to address a third legal change affecting ...
MasterCard Hit by U.K. Class Action Suit Over Processing Fees
Consumers in the U.K. are preparing a 19 billion-pound ($24.7 billion) class action lawsuit against MasterCard Inc., almost two years after a European Union court ruled the processing fees the ...
Ex-Allstate Employees Awarded $27M in Defamation Lawsuit Verdict
A federal jury has awarded more than $27 million to four former Allstate employees who sued the insurer for defamation. The Chicago Tribune reported the employees worked for a now-defunct equity ...