Claims / Legal
First Trial Over ‘Moldy’ Washers Ends with Win for Whirlpool
Michigan-based Whirlpool Corp has been found not liable by a U.S. jury in the first lawsuit to go to trial accusing the company of selling front-loading washing machines containing a design flaw that ...
AIG Will Fork Over $35M to Settle New York Licensing Issue
Insurer American International Group will pay a $35 million penalty for violations related to former subsidiaries that solicited insurance business in New York without a license, the New York State ...
PCI’s Gordon: Congressional Leaders Pledge Dec. TRIA Renewal
An executive with the Property Casualty Insurers Association of America said Congressional leaders have offered assurances that they'll reauthorize a version of the Terrorism Risk Insurance Act, or ...
Insurance Coverage Basics for Volcano Claims
Damage caused to property by lava flow, which recently started to move again on Hawaii's Big Island, is covered under a homeowners, renters or business insurance policy, according to the Insurance ...
Family Sues After School Bars Ebola-Exposed Child; ADA Damages Sought
The father of a Connecticut third-grader filed a federal lawsuit Tuesday saying his daughter has been unfairly barred from school amid fears she may have been exposed to the Ebola virus while in ...
Kimberly-Clark Being Sued Over Medical Gown Ebola Protection Claims
Kimberly-Clark Corp. was accused in a lawsuit by a Los Angeles surgeon of putting its "monetary self interest" ahead of public safety by falsely claiming its medical gowns protect against Ebola when ...
SEC Seeking to Dole Out $600M-Plus SAC Settlement
The U.S. Securities and Exchange Commission wants to make its $602 million settlement with SAC Capital Advisors hedge fund available to people who say they are victims of illicit trading by a former ...
Three Years Later, Some MF Global Creditors Getting Paid
A large group of creditors of MF Global Holdings Ltd.'s bankrupt brokerage unit will soon receive their first payout, as $518.7 million of checks start to be mailed out on Friday, the third ...