Claims / Legal
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 ...
Swiss Re Expects Catastrophe Reinsurance Prices to Keep Falling
Reinsurance prices will continue to fall this year as competition for customers from hedge funds and other sources of alternative capital send premiums to their lowest in four years, according to ...
Travelers Debuts Predictive Model Designed to Help Injured Workers Avoid Chronic Pain
The country's largest workers' compensation insurer said it has developed a model to predict the likelihood of an injured worker developing chronic pain. The model can them help the workers take ...
Google, Apple, Microsoft, Amazon Back EPA in Climate Rule Lawsuit
Technology companies Google, Apple, Microsoft and Amazon on Friday declared support for the Obama administration in a lawsuit facing its central plan to combat climate change, saying the rule is ...
PIMCO Claims Gross Was Warned About Losing $200M Bonus if He Quit
Bill Gross was warned he would lose his bonus if he quit Pacific Investment Management Co. before the end of the quarter, PIMCO said in a court filing, challenging the central claim in his lawsuit ...
Uber Expands into More African Countries
Uber Technologies Inc. plans to start operating in three new African countries by the end of June, extending its reach 2 1/2 years after introducing its ride-hailing service in the continent. The ...
California Slaps Morgan Stanley with Suit Over Mortgage Losses
The state of California sued Morgan Stanley on Friday, accusing the bank of hiding the risks of complex mortgage debt and other securities it sold, causing big losses for the state's public pension ...
U.S. Hospitals Increasingly Vulnerable to Ransomware Attacks: Study
U.S. hospitals should brace for a surge in "ransomware" attacks by cyber criminals who infect and shut down computer networks, then demand payment in return for unlocking them, a non-profit ...