Litigation/Liability Trends
PCI Panel: Carriers Should Encourage Flood Insurance Even Outside of a Hazard Zone
It might be time for carriers and agents to encourage their clients to buy coverage even if they're not living and working inside a flood zone. Such an action is long overdue, according to insurance ...
British Airways Warns an Additional 185,000 Customers May Have Been Hit in Cyber Attack
International Airlines Group said an investigation into the theft of customers' data at its British Airways subsidiary showed hackers may have stolen the personal information of a further 185,000 ...
Hurricane Maria Aftermath: Carriers Leave 13,600 Unresolved Claims a Year After Storm
Thousands of Puerto Ricans have been forced to drain their savings, close their businesses, or resign themselves to living with structural damage as they fight insurance companies over millions of ...
Super Typhoon Yutu Slams Into Northern Mariana Islands at Historic Strength
Super Typhoon Yutu battered the Pacific Ocean's Northern Mariana Islands with 178 mile (286 kilometers) per hour winds, making it the strongest storm to hit the U.S. territory since 1950. The storm's ...
New York Accuses Exxon Mobil of Deceiving Investors on Climate Costs
Lawyers for Exxon Mobil Corp. stood before a New York judge in August and told the state's attorney general to "put up or shut up" after spending three years investigating the company's public ...
Cyber Attack on AXA Prompts Mexico Central Bank Alert
Mexico's central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported "inconsistencies" in the cash payment matching system. ...
Nestle Child Slavery Lawsuit Revived in U.S. Appeals Court
A U.S. federal appeals court on Tuesday reinstated a lawsuit by a group of former child slaves accusing the U.S. unit of Nestle SA, the world's largest food maker, and Cargill Co of perpetuating ...
Cyber Insurance Continues to Be Both Risky Proposition and Enticing Market
While there are some issues with the data, virtually every report shows the cyber insurance market growing. Aon Benfield had it growing 37 percent last year to $1.8 billion. It's profitable and the ...