Claims / Legal
European Storms Took Economic, Insurance Toll in June: Aon
Severe European storms during June had an economic price tag of $2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon's monthly Global Catastrophe ...
Consolidation of Third-Party Administrators Continues With Sedgwick’s Purchase of York
Sedgwick announced Monday that it has signed an agreement to purchase York Risk Services, continuing a long-term consolidation trend among third-party administrators. The purchase of York — which ...
IBM Proposes Revamp of Law Shielding Internet Companies From User Content Liability
International Business Machines Corp proposed changes to a 1996 law that protects internet companies from liabilities related to what users post on their platforms. In a blog post on Wednesday, IBM ...
3 Ways to Speed Up Claims and Boost Customer Satisfaction
Insurers face three key challenges: They operate in an already crowded marketplace, they have to meet the ever-increasing expectations of consumers, and they face incursions by disruptive tech ...
Marriott’s Massive Privacy Breach Could Lead to a $124M UK Fine
The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the U.K. cracked down on privacy breaches with its second major ...
Dog Collar Liability Ruling Could Harm Amazon’s Broader Business Model
A federal court ruling that Amazon.com Inc. can be held liable for a dog collar sold on its website that partly blinded a woman could complicate the online merchant's business if it is applied ...
Lloyd’s Seeks Clarity Regarding Insurance Policies With Cyber Cover
Lloyd's of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both ...
Liability Long Tail Could Get Longer
One of the most challenging things about liability insurance is that claims on this year's policy might be made well into the future. If exposure to a chemical, product or business activity this year ...