Claims / Legal
BP’s Record Oil Spill Settlement Rises Another $2 Billion
The value of BP Plc's settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill will rise to $20.8 billion, an increase of $2 billion from an agreement reached in ...
Travelers: Cyber Risks Now a Top Consumer Concern
Just as property/casualty insurers are increasingly worried about cyber risks, it turns out consumers fears are growing rapidly right there with them, according to The Travelers Companies' 2015 ...
T-Mobile: Hackers May Have Ripped off Data of 15 Million Applicants
T-Mobile US Inc said personal data of about 15 million of its U.S. applicants may have been stolen in a breach at a unit of Experian Plc, which processes the telecom carrier's credit applications. ...
Lawsuit Alleges Morgan Stanley Curbed Worker Rights to Sue Over Bias
Morgan Stanley is asking employees to give up their right to sue the firm in class actions for civil rights violations including discrimination based on race, gender or age, according to a former ...
Hurricane Joaquin Update: It Could Miss the U.S. Coastline
Forecasters can't completely rule out a U.S. East Coast strike by Hurricane Joaquin but are more optimistic it will miss, even as the "extremely dangerous" storm pounds the Bahamas with high winds, ...
U.S. Farmers, Pummeled by Bird Flu, Prepare for its Likely Return
In Iowa, one of the largest U.S. egg processors has started to buy foreign supplies for the first time. Elsewhere in the Midwest, a free-range egg producer says it may build automatic car washes to ...
Hurricane Joaquin’s Emergence Creates Massive East Coast Risk Potential
The weather outlook for the eastern U.S. is starting to resemble the plot of a 1970s disaster movie in which everything that could go wrong did. From the mid-Atlantic to the Northeast, the coastal ...
Insurers Face Major Exposure to Climate Change Risks: Bank of England Governor
Bank of England Governor Mark Carney said UK insurers face potentially "huge" exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial ...