Ripple Effect From CDK Hack Widens as More U.S. Auto Dealers Flag Hit June 24, 2024 By Kannaki Deka and Shivansh Tiwary More U.S. auto dealers flagged a hit from an outage of CDK’s software system due to a cyber attack on...
Under Armour to Pay $434M to Settle Lawsuit Over Sales Disclosures June 24, 2024 Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing...
Wildfire Threats Make Utilities Uninsurable in U.S. West June 24, 2024 By Mark Chediak Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely...
JPMorgan, Ex-Trader Agree to Settle Wrongful Firing Lawsuit June 24, 2024 By Steve Stroth A former JPMorgan Chase & Co. precious metals trader said he’s reached a tentative settlement with the bank over a...
A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best June 24, 2024 The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a...
GM’s Self-Driving Cruise Unit To Pay $112K for Delaying Crash Report June 24, 2024 By Zaheer Kachwala and David Shepardson A California regulator said it is imposing the maximum penalty of $112,500 on General Motors’ self-driving Cruise unit for the...
Let Good Adjusters, Not Expensive Lawyers, Make the Difference on Claims, CEO Says June 24, 2024 By William Rabb Harish Kapur, CEO of Across America Insurance Services, likes to tell the story of how his company’s chief defense lawyer...
Exclusion Does Not Exclude Coverage for Condo in Nashville Christmas Bombing June 21, 2024 By William Rabb The insurance fallout from the Christmas Day 2020 bombing in downtown Nashville continues, with a federal court deciding this week...
Hackers Auction off Stolen LendingTree Consumers’ Data June 21, 2024 By Charles Gorrivan Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a...
New Drivers and Electric-Vehicle Tech Bring New Risks to Auto Insurance Market June 21, 2024 By Jahna Jacobson High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The...