Claims / Legal
U.S. Insurers Struggle With Rising Claims in Senior Living Market
Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth Smith, who used a walker, fell down two concrete steps in ...
January Renewals Are Splitting Into Two Tracks: Willis Re
Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records, and the rest, with many reinsurers placing emphasis on the quality of ...
Global Reinsurance Prices Are Falling, Even With Big Cat Losses: JLT Re
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent in Jan. 1 policy renewals, the broker said on Wednesday, dashing the industry's hopes of higher reinsurance premiums after a ...
Wildfire Fallout: A.M. Best Places California Capital Under Review, With Negative Implications
A.M. Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" of California Capital Insurance Co. and ...
FEMA Resumes Issuing New Flood Insurance Policies During Shutdown
The Federal Emergency Management Agency (FEMA) said on Friday it will resume issuing new flood insurance policies during the partial U.S. government shutdown, reversing a decision announced before ...
Wells Fargo Will Fork Over $575M to Resolve Sales-Practices Scandal
Wells Fargo & Co will pay $575 million to settle claims made by U.S. states, the latest settlement as the bank works to resolve lingering investigations and legal battles stemming from its ...
Climate Change Fallout: Floods Pushing Homes Higher, Restricting Access for Disabled
When Superstorm Sandy flooded Liz Treston's home on the South Shore of Long Island, she worried her wheelchair would prevent first responders from rescuing her. So Treston, a quadriplegic, wrote her ...
J&J Can’t Persuade Judge to Set Aside $4.7B Talc Verdict; Appeal to Come
Johnson & Johnson failed to persuade a Missouri trial judge to set aside a July verdict awarding a record $4.69 billion to 22 women who blamed their ovarian cancer on asbestos in the company's ...