Claims / Legal
Eta and Iota Hurt, Causing $9B in Economic Losses: Aon
North American hurricane landfalls in November added about $9 billion to the total Atlantic seasonal financial toll in terms of catastrophe losses, Aon said in its latest Global Catastrophe Recap ...
La Niña Should Stick Around Through March 2021
There is about a 95% chance of La Niña conditions prevailing through the Northern Hemisphere winter from January to March, a U.S. government weather forecaster said on Thursday. The La Niña pattern ...
Facebook Risks Losing Instagram, WhatsApp Over U.S., State Antitrust Lawsuits
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the U.S. Federal Trade Commission and nearly every U.S. state filed lawsuits against the social media company, ...
$2 Trillion Won’t Be Enough for the Next Black Swan Event
There aren't many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses ...
COVIDigation Part 3: What’s the Deal With Business Interruption Claims?
Well, 2020 is almost over. Am I right? Following up on previous work exploring the relationships between COVID-19 and business interruption insurance litigation, in this article we evaluate trends ...
Negative Outlook Continues for U.S. Commercial Lines: A.M. Best
U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised ...
U.S. Cybersecurity Firm Breached; Internal Hacking Tools Stolen
FireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that is has been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking ...
Munich Re Will No Longer Cover Events Axed Due to Pandemics
German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday. The world's largest resinsurer is making the change after it faced ...