Claims / Legal
Apple Win: Judge Tosses Suit Over Retail Worker Bag Searches
Apple Inc. persuaded a judge to throw out a lawsuit by employees of the company's retail stores in California seeking back pay for time spent in "demoralizing" security searches when they left work ...
Is Climate Change The Next Tobacco? NY AG Seen Using Martin Act in Exxon Probe
A near century-old statute that gives New York state prosecutors unusually broad authority to prosecute securities fraud could prove a powerful weapon as Attorney General Eric Schneiderman probes ...
Mexico Cat Bond Likely to Pay on Hurricane Patricia Losses: S&P
Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard ...
New Verisk Tool Reveals IDs Phantom Garagers, Confirms Mileage
Auto insurance companies now have a tool that lets them verify the garaging address of a vehicle, confirm the driver's commuting mileage and obtain loss costs and premium differentials for the ...
Toyota Launches $1B Center Focused on Creating Smart Cars That Don’t Crash
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce ...
Munich Re Takes Big Tianjin Explosion Hit; XL Catlin, Allied World Impacted Less
Munich Re, XL Group and Allied World are among the latest insurers and reinsurers disclosing catastrophe costs stemming from the Tianjin port explosion in China earlier this fall, and the hits range ...
Buffett’s Railway Company Helped Lead Successful Effort to Delay Train Safety Tech
When an Amtrak passenger train derailed in Philadelphia in May, killing eight people and injuring scores more, the railroad industry's campaign to delay a Dec. 31 deadline to install technology to ...
Takata Must Pay Up to a Record $200M Over Defective Air Bags
The Japanese maker of air bags linked to the deaths or injuries of dozens of motorists has agreed to pay a U.S. civil penalty of up to $200 million and have an independent monitor oversee the ...