Claims / Legal
Insurance to Cover More than 40% of Home Depot Breach Costs
Home Depot Inc. said a data breach between April and September put about 56 million payment cards at risk, signaling that the hacker attack was bigger than the one that struck Target Corp. last year. ...
Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud
The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in ...
Eight Years and Counting; Reserve Releases Continue, Fitch Says
Property/casualty industry prior-year loss reserves developed favorably for eight straight calendar years as of year-end 2013, according to a new report from Fitch Ratings, which also says the ...
BP Argues Missing Comma Entitles it to $750M in Coverage For Gulf Oil Spill
BP Plc, which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, asked a Texas court to let it tap into $750 million in Transocean Ltd.'s insurance policies on the doomed Deepwater ...
Fighting Workers Compensation Fraud With New Strategies
Premium fraud and payroll misclassification have been big topics of discussion in workers compensation, especially after a recent report showed that New York City's construction industry cost the ...
U.S. Government Will Revisit Oil Train Risks
U.S. studies of oil train dangers may have underestimated the perils of volatile vapor on the tracks and officials will in future use precision instruments for more thorough tests, a Transportation ...
Home Depot Data Breach Liability Lawsuits Have Already Begun
Home improvement retailer Home Depot Inc has been sued over data breach by a customer, saying the company failed to properly safeguard customer data from hackers, a lawsuit filed in a Chicago federal ...
Brokers and Hedge Fund Lose Bankruptcy Claim Against Lehman
Co-underwriters with Lehman Brothers Inc. don't have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its ...