Claims / Legal
Allianz Sees Limited Losses From China Explosion; Other Insurers Still Assessing
Allianz SE, Europe's biggest insurance company, said it doesn't expect "major" financial losses from explosions at a chemical storage site in China, as the death toll from the disaster increased. ...
Death Toll in China Blast Rises to 112; Contamination Fears Persist
Authorities pulled more bodies from a massive blast site in the Chinese port of Tianjin, pushing the death toll to 112 on Sunday as teams scrambled to clear dangerous chemical contamination. Hundreds ...
Congress Considers Ways to Reverse Surge in Illegal Drone Flights
U.S. lawmakers are considering steps to reverse a disturbing rise in illegal drone flights, including new government enforcement tools to crack down on rogue flyers, especially near airports, ...
Arab Bank Resolves U.S. Lawsuits Over Militant Attacks in Israel
Arab Bank Plc has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a U.S. jury found the bank liable. The ...
Goldman Sachs Will Pay $272M to Settle Mortgage-Backed Securities Lawsuit
Goldman Sachs Group Inc will pay $272 million to settle a lawsuit that claimed the Wall Street bank defrauded investors about the safety of about $6 billion of residential mortgage-backed securities ...
Marsh: Commercial Insurance Rates Continue Their Global Decline
Commercial insurance rates continued their global decline in the 2015 second quarter, a trend driven by a continued abundance of global capacity and a lack of large insured loss activity, Marsh said ...
Electronic Devices That Break Into Locked Vehicles Spur Heightened Worry: NICB
Auto theft investigators around the world are increasingly concerned about the use of electronic devices to break into otherwise locked vehicles. So says the National Insurance Crime Bureau, which ...
Judicial Ruling on 2008 AIG Bailout Triggers U.S. Government Appeal
The United States filed an appeal on Wednesday against a U.S. judge's ruling in June that sided with former American International Group chief executive Maurice "Hank" Greenberg on a legal claim over ...