Commercial Lines
Target Will Fork Over $10M To Settle 2013 Data Breach Class-Action Lawsuit
Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, ...
Uber Hit With German Court Ban Preventing Use of Unlicensed Cab Drivers
A German court on Wednesday banned Uber from running services using unlicensed cab drivers and set stiff fines for any violations of local transport laws by the pioneering online taxi firm. Uber, ...
RMS Targets New Economic Exposure Datasets For 5 Asia Pacific Countries
RMS said it is rolling out new economic exposure datasets for five Asia Pacific countries, information that should better help perform detailed risk assessments for potential natural disasters. The ...
Target Creates $10M Fund to Settle Claims in Data Breach
Target Corp. agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013, among the biggest to hobble retailers and banks in ...
Insurance Innovation Can Tackle Global Environmental Disaster Risks
Property/casualty insurance industry innovation can help tackle environmental disaster risks as they emerge around the world, a Willis executive and UN official assert. Margareta Wahlström, the UN ...
Economic Losses From Natural Disasters Could Hit $750 Billion Annually in 15 Years: AIR Study
Economic losses from global natural catastrophes likely will triple over the next 15 years, unless steps are taken to reduce bad development choices, according to preliminary results of a catastrophe ...
FIO’s McRaith: Feds Have the Backs of Insurers For Cyber Attack Threats
The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director ...
AmTrust Will Grow Commercial Insurance Presence With ARI Mutual Buy
AmTrust Financial Services said it has agreed to buy ARI Mutual Insurance Company, a deal that will give it access to a number of regional commercial insurance products and related distribution ...