Boston-based Berkshire Hathaway Specialty Insurance named Paul Emerson as head of Liability Claims in Canada. Emerson comes to BHSI from the law firm of Clyde & Co Canada LLP. At Clyde & Co, Emerson specialized in coverage advice and litigation, …
The Connecticut Supreme Court this week upheld a lower court’s ruling that Federal Insurance Co. and Scottsdale Insurance Co. are not required to defend or indemnify the insureds for the loss of computer tapes that exposed personal information of some …
BP Plc has settled with oilfield services provider Halliburton Co. and contract driller Transocean Ltd. cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. history. BP still faces a potential fine of …
Takata Corp’s record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata. After doubling its recall of defective …
Cyber risks, medical cost inflation, and legal liability are among the top concerns for American businesses of all sizes, according to results from the second annual Travelers Business Risk Index. The survey polled more than 1,200 business decision makers across …
Even as the U.S. questioned a computer researcher’s claims of tampering with a jetliner in flight, his account spotlighted possible cybersecurity risks in commercial aviation. The consultant told the Federal Bureau of Investigation that he hacked into in-flight networks more …
A $10.1 billion verdict against Philip Morris USA over misleading consumers about the safety of “light” cigarettes should be overturned, lawyers for the company argued in the Illinois Supreme Court on Tuesday. The award was first made in 2003 for …
Water, wind and hail lead the race for main causes of loss to homes in the second quarter of the year according to the Farmers Insurance Seasonal Smarts Digest. April, May and June are months known for their severe weather, …
U.S. auto sales may drop about 40 percent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays Plc analyst said. Vehicle ownership …
Two years ago today, an EF 5 tornado touched down in Moore, Oklahoma, 4.4 miles west of Newcastle. The powerful twister, with wind speeds reaching 210 miles per hour, cleared a path of destruction stretching fourteen miles while on the …