Claims / Legal
U.S. Authorities Nearing $2B Settlement with JPMorgan on Madoff Violations
JPMorgan Chase & Co is working with criminal and regulatory authorities on settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, ones that would involve $2 billion ...
2013 Had Lowest Hurricane Count Since 1982: Willis Re
The 2013 Atlantic storm season was one of the quietest in decades, with the lowest number of hurricanes since 1982 and none of them considered major, according to insurance broker Willis Re. An ...
Are Wireless Cos. Resisting Antitheft Switch to Sell Insurance, Asks NY AG
New York State attorney general is investigating why American cellphone carriers are yet to support antitheft software on Samsung smartphones, raising questions about possible coordination among the ...
Fragmentation Will Damage Global Internet, Warns Kaspersky CEO
Governments around the world may be compelled to wall off their Internet systems as nations and companies move to protect sensitive data amid increasing cybercrime and espionage, Kaspersky Lab Chief ...Cultural Change Emerging at QBE NA, Duclos Says
During a Monday conference call on which QBE executives described details of an expected bottom-line loss of $250 million for 2013, the CEO of the North American operations said cultural changes are ...
Group Health Plans Pick Up Tab for ‘Zero Cost’ Workers’ Compensation Claims: Study
Workers' compensation claims that result in no payment lead to millions of dollars in increased costs for employee group insurance plans, new research shows. Nationwide, so-called "zero-cost" ...
Q&A: Liability Insurance and Admitting Wrongdoing in SEC Settlements
Earlier this year, the U.S. Securities and Exchange Commission reached a settlement with New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners. The ...
U.S. Extends Permits for Wind Farms That Accidentally Kill Eagles
The Obama administration on Friday extended the length of permits that allow wind farms and other operations to accidentally kill protected eagles to 30 years, drawing fire from wildlife ...