Claims / Legal
Allianz CEO Baete Recaps ‘Horrible Week’ Regarding U.S. DOJ Fund Division Probe
Oliver Baete, chief executive officer of Germany's Allianz, on Friday spoke of a "horrible week" for him and the insurer, his first response to a disclosure that the U.S. Department of Justice was ...
As Workers Return to Office, Insurers Worry About COVID-19 Discrimination Claims
Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected wave of discrimination claims as employers call staff back to their desks after ...
London Struggles to Lure Back Financial Workers, Legal & General Warns
The head of one of the UK's largest insurers and investors warned that the City of London is struggling far more than the country's other office districts in luring workers back to their desks. Since ...
COVID-19-Related Labor, Material Price Hikes Propelling Property Claim Cost Increases
The COVID-19 pandemic is causing a sharp increase in the price of materials and labor and driving increases in property claim costs, experts said during a webinar hosted by ATI Restoration on ...
Zurich Insurance, Metromile Disclose Their Post-COVID Return-to-Office Plans
Zurich Insurance and Metromile are among a number of industry companies that have plotted post- COVID returns to the office. Like the others who have recently disclosed their plans, they are doing so ...
FDA Slaps ‘Most Serious’ Label on Philips Ventilator Recall Over Low Oxygen Risk
The U.S. Food and Drug Administration on Tuesday classified the recent recall of some of Philips' ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause ...
Robo-Lawyer DoNotPay Valued at $210M; Expanding to Small Biz Customers
DoNotPay, a startup that describes itself as a robot lawyer striving to beat bureaucracy, has more than doubled its valuation to about $210 million, according to Chief Executive Officer Joshua ...
Class Action Targets Insurance Broker Gallagher Over Ransomware Attack
Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered in 2020. The plaintiffs allege that Gallagher failed to follow ...