Zurich Insurance Group AG said it saw elevated natural catastrophe losses in its property & casualty business in the third quarter, following storms in Germany, Italy and Switzerland. The natural catastrophe loss ratio in the unit rose to 3.2% in …
The U.S. Justice Department sued Lyft on Monday, alleging the ride-hailing services provider discriminated against passengers with disabilities, including those who use service animals and mobility devices such as stowable wheelchairs. The lawsuit seeks $53 million for individuals with disabilities …
The National Highway Traffic Safety Administration on Monday said it opened a preliminary evaluation into more than 1.2 million Ford vehicles over the accidental deployment of seat-mounted side airbags that caused serious burn injuries. NHTSA said it has received eight …
The premise of managed repair is straightforward: rather than insurance carriers reimbursing policyholders directly for property damage, carriers refer claims to a managed repair program. The MRP coordinates documentation of the repairs necessary to return the structure to its preloss …
The U.S. Supreme Court asked the Trump administration for input on an appeal from pharmaceutical and medical-device companies that are trying to stop a lawsuit accusing them of helping to finance terrorist attacks in Iraq. The companies are seeking review …
Progress Residential, the biggest U.S. manager of single family rental homes, will pay $49.8 million to settle allegations by the Federal Trade Commission and four states that it deceived renters with hidden fees, an FTC official told Reuters on Friday. …
Insurers are taking steps to limit their exposure to the risk of losses tied to a wave of street protests in cities across Europe. The industry has started imposing caps on coverage, raising deductibles and — in some high-risk locations …
Fireworks AI, a popular startup that helps companies run artificial intelligence models, notified customers on Monday of a security breach in which their data was accessed, its second known hack in a matter of weeks. A Fireworks spokesperson said the …
Matthew Martinez has lived nearly all of his 60 years in a canyon on the Navajo River and had never seen severe floods. Then, twice over the last two weeks, the river surged through his home and outbuildings in far …
Dutch chipmaker Nexperia is “totally oversubscribed” as suppliers divert manufacturing capacity toward fast-growing AI data centers and away from the mature chips used in cars and industrial equipment, interim CEO Stefan Tilger told Reuters at the Electronica trade fair in …