Claims / Legal
New York’s Top Financial Regulator to Leave, Launch Cybersecurity Consulting Firm
Benjamin Lawsky will step down next month as New York's top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world's biggest banks and ...
Amtrak Already Faces Multiple Lawsuits in Philly Derailment
Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Cyber Attack Struck St. Louis Federal Reserve in April
The U.S. Federal Reserve Bank of St. Louis said hackers successfully attacked the bank last month, redirecting Web traffic but not compromising its website. Hackers manipulated the bank's routing ...
JC Penney Faces Class Action Lawsuit Alleging Bogus Discounts
A federal judge has certified a class-action lawsuit that accuses J C Penney Co Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good ...
Takata U.S. Air Bag Recall Doubles to 34 Million, Making (Sobering) History
]Air-bag maker Takata Corp. gave in to U.S. regulators on Tuesday, agreeing to what will be the largest automotive recall in history as investigators continue to search for the root cause of a defect ...
Marsh Links With FireEye to Add Cybersecurity Service
Marsh will work with an IT firm specializing in cyber attacks to help clients evaluate their technology security and boost their ability to respond when a breach hits. The New York-based insurance ...
Amtrak Train Crash Victims Limited by $200M Total Injuries Cap
There are many questions surrounding Tuesday's Amtrak crash. The amount of money victims could receive for injuries isn't one of them as federal law caps total rail-accident damages at $200 million. ...
Commercial Drones Enter the World of Risk: ISO Analysis
As drone technology and potential applications continue to expand, corporate leaders around the world are facing a difficult question: How can drones be used to grow their businesses without harming ...