Claims / Legal
High Cat Losses Helped Spike U.S. P/C Rating Downgrades in 2018: A.M. Best
U.S. property/casualty rating downgrades more than doubled in 2018 compared to the previous year, a result stemming from factors including catastrophic weather losses and challenging pricing ...
Aon Reportedly Subpoenaed in N.Y. Over Trump Organization Dealings
New York State's financial regulator has subpoenaed the insurance broker for President Donald Trump's family business, a person familiar with the matter said on Tuesday, after former Trump lawyer ...
Lyft Reveals Impressive Array of Risk Factors in IPO Filing
The risk-factors section of an IPO prospectus is a bit like a transcript of a chief financial officer's worst nightmares. For Lyft Inc., which filed publicly for an initial public offering Friday, ...
U.S. Carriers Pursue Renewal of Federal Terrorism Risk Insurance Program
U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The ...
Shift Technology Raises $60M to Expand Reach of AI Claims Tech
Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers manage risk ...
Marriott CEO Will Testify Before U.S. Senate Panel On December Data Breach
Marriott International Inc Chief executive Arne Sorenson will testify before a U.S. Senate panel Thursday about a hacking incident it reported in December that exposed the records of up to 383 ...
U.S. Reportedly Will Allow Lawsuits Against Some Foreign Firms Operating in Cuba
The Trump administration is preparing to allow lawsuits in U.S. courts for the first time against some foreign companies doing business in Communist-ruled Cuba using properties confiscated from ...
Lyft and Uber Build Their Own Captive Insurers In Hawaii
Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in ...