Claims / Legal
Actuaries, Data Scientists at Odds: Novarica
With roughly one-in-three insurance companies expanding or piloting data science units in 2016, they may be facing an unanticipated problem—friction between their actuaries and data scientists, ...
Federal Court Rules Travelers CGL Policy Covers Data Breach
A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy (CGL) may cover a data breach. In a case involving the publication of private ...
Beazley/Munich Re Start Selling Broad Cyber Cover for Large Global Companies
Beazley will link up with a unit of Munich Re to roll out broad cyber protection for the world's largest companies, with a focus on digital assets and IT infrastructure. Plans call for Beazley, the ...
BMW Debuts ReachNow Car-Sharing Service in Seattle; U.S. Expansion Eyed
Germany's BMW launched on Friday a car-sharing service in Seattle, where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States. ...
Wells Fargo Reaches $1.2B Settlement in U.S. Govt. Mortgage Suit
Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice ...
Emerging Markets Embrace Ecommerce Tech Quicker Than Developed World
Emerging markets are not necessarily unsophisticated about technology, and insurers and other merchants might want to take note. A new analysis looked at 16 growth markets and found that commerce ...
GM Enters Into Confidential Settlement in Ignition-Switch Case
General Motors Co on Thursday said it had agreed to settle a lawsuit that would have been the third case to go to trial over a faulty ignition switch linked to nearly 400 injuries and deaths. In a ...
M&A Deals Fuel Continued Surge in Transactional Risk Insurance: Marsh
M&A deals spurred a double-digit jump in the use of transactional risk insurance in 2015 as players on both sides sought to limit risk and improve deal terms, Marsh has found. Marsh's mergers and ...