Claims / Legal
PwC Sued for Allegedly Favoring Younger Job Hires
A lawsuit accusing PricewaterhouseCoopers LLP of violating U.S. discrimination law by hiring a "stunningly low" number of people over the age of 40 to maintain a youthful culture has been filed in ...
U.S. House Passes Flood Insurance Reform Bill Insurers Support
The U.S. House of Representatives passed a revamped flood insurance bill by a wide margin. If it becomes law, private flood would meet the mandatory purchase requirement of the National Flood ...
‘Airbnb for Cars’ Startup Raises $35M; Allianz Covers Participating Drivers
Drivy, a French startup that lets people hire out their cars in much the same way Airbnb runs a market for houses, said Thursday it raised 31 million euros ($35 million) to fund its continued ...
Older Drivers with Falling History Carry Heightened Crash Risks
Older drivers with a history of falling have a 40 percent higher risk of being involved in motor vehicle crashes. But despite this increased risk, drivers ages 40 – 80 still have a lower risk of ...
Judge Finds Amazon Liable for Charges Incurred by Kids Using Apps
Amazon.com Inc is liable for billing parents for in-app purchases that their children made without permission, a federal judge has judge has decided, in a ruling that resolves accusations similar to ...
Ironshore Joins Rivals in Food Recall Product Contamination Insurance Space
An Ironshore division has started offering product contamination recall coverage focused on food and beverage industry-related risks. It won't be without competition. The company's Pembroke Managing ...
Global Network for Bank Money Transfers Aware of Many Cyber Fraud Incidents
SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers on Monday that it was aware of "a number of recent cyber incidents" where attackers ...
Munich Re’s Q1 Profit Warning Drives Down Shares
Munich Re, the world's second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected. Earnings for the quarter will also be ...