U.S.
Court Orders Cox Communications to Pay $1B in Piracy Infringement Case
A U.S. District Court jury on Thursday found telecom company Cox Communications Inc liable to pay $1 billion to music labels and publishers over piracy infringement on more than 10,000 works. Over 50 ...
2019 Insured Losses Reach an Estimated $56B: Swiss Re
Global insured losses in 2019 dropped to an estimated $56 billion, from $93 billion in 2018 and below the annual average $75 billion of the previous 10 years, according to preliminary sigma estimates ...
The Latest Launches From The Hartford and Zurich
The Hartford said it has expanded its offerings designed to protect customers from cyber attack risks. Zurich and InsurTech managing general underwriter Vindati have launched a new stand-alone Motor ...
It Burns: EU Court Rules Airlines Can Be Held Liable for Spilled Coffee
It might be harder to get hot coffee at 30,000 feet after the European Union's top court said that airlines can be held responsible for injuries caused by spilled drinks, even if it isn't clear how ...
GM Sues Hyundai for Allegedly Poaching Exec to Access Self-Driving Car Secrets
General Motors Co. accused Hyundai Motor Co.'s U.S. unit of poaching one of its top safety executives so it could gain access to trade secrets for self-driving vehicles and electric cars. Brian ...
Southwest Reaches Partial Settlement Deal With Boeing Addressing Projected 737 MAX Damages
Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of a projected $830 million hit to operating income in 2019 arising from the ...
AIG’s Zaffino Adds ‘President’ to His C-Level Titles
American International Group awarded Peter Zaffino a promotion, making him president of the insurance giant. Zaffino takes on the new role as of Jan. 1, 2020, though he'll still serve as Global Chief ...
Safeway Insurance Group Earns A.M. Best Ratings Outlook Upgrade
Safeway Insurance Group gained a ratings outlook upgrade from A.M. Best, thanks to solid rate increases and a number of strategic initiatives the ratings agency views as positive developments. A.M. ...