Claims / Legal
95% of Small Businesses Lack Cyber Security Insurance: Survey
A whopping 95 percent of small businesses in a new survey said they lack cyber security insurance, even as a large majority view the issue as a huge concern. At the same time, less than half have ...
Bitcoins are Emerging as the Next Cyber Insurance Risk
Consumers around the world are racking up more than 100,000 financial transactions every day without using cash, credit cards or a barter system, How are all those buyers doing it? With Bitcoins, of ...
How Do Employers Avoid Liability With Legalized Marijuana?
Following the lead of a pioneering few, more states around the country are warming up to the idea of legalizing marijuana use for medical or recreational purposes, or both. But with legalized pot ...
Zurich, Sony Settle PlayStation Data Breach Case
Sony Corp. of America and Zurich American Insurance Co. have reached a settlement in a commercial general liability (CGL) policy coverage case stemming from the April 2011 hacking of Sony's ...
U.S. and Canada to Unveil Joint Oil Train Safety Regulations
Canada's transport minister was to be in Washington on May 1 for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically ...
Insurers Liable For Little of $2B Nepal Quake Cost
Damage in India could cost an additional $800 million, according to figures from the disaster-modeling firm that include property damage and long-term business-interruption costs. Less than 1 percent ...
U.S. Sues Quicken Loans, Alleging Fraud in FHA-Insured Lending
Quicken Loans Inc. submitted insurance claims for hundreds of improperly underwritten U.S. Federal Housing Administration-insured loans over four years, the government alleged in a lawsuit. Quicken's ...
AIG to Get $72M in Air Lease Lawsuit Settlement
American International Group Inc. is due to receive $72 million in payments under a settlement of the lawsuit against Air Lease Corp., the jet lessor founded by Steven Udvar-Hazy. Air Lease will make ...