Claims / Legal
U.S. Regulators Accuse Two Pension Advance Companies of Cheating Retirees
U.S. regulators on Thursday filed a lawsuit accusing two companies of preying on retirees and military veterans by advancing high-cost loans disguised as pension advances, jeopardizing victims' ...
Towers Watson: Top Talent + Analytics Will Help Advance Claims Operations
Large numbers of U.S. property/casualty insurers say they're struggling to attract and keep talented claims operations employees. They're also still figuring out how to best leverage analytics to do ...
FDIC Sues 3 U.S. Banks Over Shoddy Residential Mortgage-Backed Securities
The FDIC, a U.S. bank regulator, has sued three large U.S. banks to recoup some of the more than $695 million it lost from selling shoddy residential mortgage-backed securities once owned by a Texas ...
Uber’s Background Checks Missed Convicts: California Prosecutors
California prosecutors have broadened their civil lawsuit against popular online ride-sharing service Uber, alleging that its background checks missed people previously convicted of murder and sex ...
Costco Sued for Misleading Consumers About Slave-Harvested Shrimp
Costco Wholesale Corp. was sued for selling farmed shrimp from Thailand, where slave labor and human trafficking in the fishing industry are widespread, and allegedly misleading U.S. consumers about ...
Rising Sea Level Boosts Risk to U.S. Coastal Cities of Hurricane-Related Flood Damage
Rising sea levels in the coming years will create heightened risk of severe economic damage from hurricane-related flood in U.S. coastal cities, RMS asserted in a new report. The catastrophe modeling ...
China Tianjin Port Blast Forces the World’s Automakers to Divert Shipments
Toyota Motor Corp and rival global automakers are looking to divert shipments to Shanghai and other ports from Tianjin after massive explosions last week disrupted operations indefinitely at China's ...
Target Achieves Settlement With Visa Over 2013 Data Breach
Target Corp said it has reached an agreement with Visa Inc card issuers to reimburse up to $67 million in costs related to a data breach at the retailer in 2013, according to a source familiar with ...