Claims / Legal
Allianz Will Help Back $577M Public-Private Climate Fund
GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and ...
Facebook Warned It Faces Criminal Prosecution in UK for Failing to Keep Users Safe
UK Culture Secretary Nadine Dorries warned Facebook Inc. and its chiefs are on course for criminal prosecution for failing to reign in the harmful effects of its platform. "Why would we give them two ...
Credit Scoring: Insurers Assert New Data Validates Its Use to Predict Risky Driver Behaviors
The insurance industry says it now has hard data proving that if you have a bad credit score, you're more likely to slam on the brakes or step hard on the gas. The same is true, they say, if you're ...
Boeing Directors Reach $237.5M Settlement Over 737 MAX Safety Oversight
Boeing Co current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board's safety oversight of the 737 MAX aircraft, ...
Boeing Investors Reportedly Settle Safety Lawsuit Over 737 MAX
Boeing Co investors have reached an agreement with current and former company officers to settle a lawsuit over the safety oversight of the 737 MAX, two people familiar with the matter said on ...
Ransomware Threatens ‘American Way of Life,’ U.S. Official Warns
A top U.S. cybersecurity official offered a dire warning to members of Congress on Wednesday, saying the "American way of life" faces serious risks amid the drumbeat of ransomware attacks and ...
InsurTech Startup Using Machine Learning for Claims Monitoring Raises $30M
InsurTech startup owl.co Labs, Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company's ...
Insurers, Banks, Investors Worth a Combined $130 Trillion Pledge to Prioritize Limiting Climate Change
Banks, insurers and investors with around $130 trillion or 40% of the world's capital at their disposal pledged on Wednesday to put limiting climate change at the center of their work. An ...