Claims / Legal
CNA Struck by ‘Sophisticated Cybersecurity Attack’
CNA is investigating a "sophisticated cybersecurity attack" the commercial lines insurer said disrupted its network and impacted corporate email and other systems. The commercial insurer said it ...
Shareholder Class Action Complaint Filed Against InsurTech Root
With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the InsurTech carrier has been named in a shareholders class action complaint, multiple ...
AIG Debuts Lodging Cover for International Travelers Stuck With Positive COVID Tests
American International Group's travel insurance unit has started marking lodging coverage for travelers prevented from boarding a commercial flight to the U.S. after receiving a positive COVID-19 ...
Tokio Marine: 2021 Material Impact Unlikely From Greensill Capital Collapse
Japanese insurer Tokio Marine Holdings Inc said on Tuesday it currently expects no material impact on its results for the fiscal year starting next month as a result of its exposure to the fallout of ...
SCOTUS Spurns Facebook’s Appeal in User Tracking Lawsuit
The U.S. Supreme Court on Monday turned away Facebook Inc's bid to pare back a $15 billion class action lawsuit accusing the company of illegally tracking the activities of internet users even when ...
Australia Set to Rescue Thousands From Sydney’s Worst Floods in 60 Years
Australia was set on Monday to evacuate thousands more people from suburbs in Sydney's west, battered by the worst flooding in 60 years, with torrential rains expected to continue for another day or ...
Citizens’ CEO: Florida Market Is in Dire Straits
Florida's insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance ...
Texas, Other U.S. States Sue Biden Administration for Revoking Keystone XL Pipeline Permit
Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said ...