Claims / Legal
AIG: Post-Merger Problems Driving M&A Coverage Claims
Nearly 14 percent of the M&A policies that American International Group wrote globally between 2011 and 2014 resulted in a claim, the insurer reported last week. The period studied covered more ...
P/C Claims Customer Satisfaction Dips for First Time in 5 Years: J.D. Power
Customer satisfaction with property insurance claims dipped for the first time in five years. The reason why: Carriers appear to be cutting service to reduce expenses in a toughening market cycle, ...
Wal-Mart Sued, Accused of Selling ‘Pure’ Parmesan Cheese with Wood Pulp Filler
Wal-Mart Stores Inc. was accused in a lawsuit of defrauding customers by selling Parmesan cheese touted as pure that contained wood pulp as filler. The world's largest retailer stocked its New York ...
J&J Must Pay $72M for Cancer Death Linked to Talcum Powder
Johnson & Johnson was ordered by a Missouri state jury to pay $72 million of damages to the family of a woman whose death from ovarian cancer was linked to her use of the company's talc-based ...
American Modern to Pull Out of Lender-Placed Insurance
American Modern Insurance Group plans to get out of the lender-placed insurance business, with a wind-down of the division set to take place over the next two years. The Ohio-based residential ...
SEC Charges Nine More People in Global Press Release Hacking Scheme
The U.S. Securities and Exchange Commission has charged nine new defendants over what it has called a more than $100 million international scheme to hack into newswires that distribute corporate ...
Record Takata Air Bag Recall Could Grow Larger Still
The U.S.'s auto safety regulator said it's investigating all Takata Corp.air-bag inflators that use a chemical propellant banned from future models and will compile data to determine whether to ...
Fiji Recovering from Worst Cyclone Ever
Fiji is surveying the damage from the strongest tropical cyclone to ever hit the South Pacific nation, with at least three people reported to have been killed and whole villages flattened as the ...