Claims / Legal
Report: Feds’ Warnings About Sandy Were Confusing
Federal weather forecasts for Superstorm Sandy were exceptionally accurate last fall, but the warnings themselves were confusing, an internal review found. The gigantic October storm lost tropical ...
$2.5 Trillion in Global Disaster Losses Since 2000: U.N. Report
Economic losses from disasters since 2000 are in the range of $2.5 trillion, a figure at least 50 percent higher than previous international estimates, according to a U.N. report. The U.N. Office for ...
New Federal Fracking Rules Proposed; Won’t Apply To Drilling On State Lands
On Thursday, the Obama administration unveiled a new proposal for regulating hydraulic fracturing on federal lands, rolling back some measures from its original, abandoned draft as it sought to ease ...
Workers’ Compensation Results Looking Better: NCCI
The workers’ compensation market is seeing encouraging signs. Premiums grew for the second consecutive year, the combined ratio declined and claim frequency continued to improve at a pace slightly ...Schwab Drops Its Class-Action Waiver Requirement… for Now
Charles Schwab Corp. has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry ...
Bottom-Line Cost May Be Too Steep For ‘Talking’ Cars’ Acceptance: U.S. Transport Chief
Cars that "talk" to each other to avoid crashes or traffic jams, like those being tested here, will save lives but the cost of the systems will determine consumers' acceptance of such technology, the ...
Wide Range Of Firms Uninsured For Environmental Losses: IUA Analysis
A London market association published a research paper last week, which highlights scenarios in which non-industrial insureds face environmental losses—and are not covered for them under standard ...
D&O Pricing Catching Up To Loss Trends: Fitch
Direct written premiums for the directors and officers liability insurance line rose 6.9 percent last year, according to a recent analysis by Fitch Ratings, which also shows that direct loss ratios ...