Claims / Legal
With Help From Insurers, Stanford Ponzi Scheme Recovery Tops $1 Billion
A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the ...
Twitter Will Fork Over $810M to Settle Claim Alleging It Embellished Future Prospects
Twitter Inc. agreed to pay $809.5 million to settle a shareholder class action lawsuit that accused the social media company of painting an overly rosy picture of its future. The suit, originally ...
Meet ‘Spot,’ Farmers’ New Four-Legged Mobile Robot
Farmers Insurance will soon use a digitally controlled, four-legged mobile robot to assist with in-field catastrophe claims handling and non-catastrophe property inspections. Plans call for debuting ...
MGA InsurTech Foxquilt to Expand Business Offering Following $8 Million Financing Round
Foxquilt, a Toronto-based InsurTech, has raised an $8 million financing round that will support talent acquisition, product development, and further expansion across the U.S. and Canada. Luge Capital ...
The Great Return: London’s Financial Workers Come Back to the Office
On the lower floors of HSBC Holdings Plc's Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close support staff not currently in the office have been told they are ...
Pricing Trends Are Helping Reinsurers Counter Major Claims Uncertainties
A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for ...
Shareholder Backing for U.S. Climate Measures Rose Significantly This Year
Support for climate-related shareholder resolutions at U.S. companies rose significantly this year, according to a report released on Wednesday, as investors focused on economic threats posed by ...
Climate Change Could Force 200 Million People to Abandon Their Homes by 2050
Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hotspots unless urgent action is taken to reduce global emissions and bridge ...