Liability News
Allianz Asset-Management Profit Plunges 17 Percent Due to PIMCO Struggles
Allianz SE's asset-management unit, struggling to contain outflows at Pacific Investment Management Co. over the past three years, reported a 17 percent decline in first-quarter earnings as outflows ...
Obama Urges Tighter Building Codes to Reduce Natural Disaster-Related Losses
President Barack Obama is asking the private sector to tighten building standards to reduce losses from natural disasters after studies linked an increase in extreme weather to climate change. The ...
Insurers Will Both Suffer and Endure in Wake of Alberta Wildfires: Ratings Reports
While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to ...
Lawsuit Alleging Facebook Tagging Violates Biometric Privacy Moves Forward
Facebook Inc. users who say the social network's facial scanning flouts their privacy rights won the first round of a court fight. A federal judge in San Francisco on Thursday rejected Facebook's ...
Alberta Wildfire Could Cost Insurers Close to $7 Billion
A wildfire in the Alberta city of Fort McMurray could cost insurers as much as C$9 billion (U.S. $7 billion) making it by far the costliest ever Canadian natural disaster, according to research by ...
1,000 Talc-Cancer Suits Head J&J’s Way After $55M Verdict Loss
Johnson & Johnson must pay $55 million to a 62-year-old South Dakota woman who blamed her ovarian cancer on the company's talcum powder in the second such trial loss this year. J&J is accused ...
Canadian Railroad Struggles with Adequate Track Repair Following 2015 Derailments
Canada's biggest railway struggled to keep some heavily used track in adequate repair even after a string of derailments last year showed the danger of moving oil on poorly maintained track, ...
Travelers, Markel, other NFL Insurers to Question League Over Concussion Accord
The National Football League's insurers were cleared to begin gathering evidence in their effort to avoid paying the league more than $1 billion in costs for thousands of lawsuits by former players ...