Claims / Legal
Chubb Predicts an Estimated $225M in Pretax Losses From California Wildfires
Chubb Ltd. said that the latest round of California wildfires caused an estimated $225 million in pre-tax losses that will ding its 2018 fourth-quarter results. Those losses hit $195 million after ...
Cannabis Industry Has ‘Really Strong Need’ for Specialty Insurance: Expert Perspective
There's "still a really strong need" for specialty insurance to cover cannabis businesses as well as medical professionals prescribing cannabis, according to an attorney who specializes in the ...
#MeToo Era Leaves Male Execs Forming Controversial Strategies Covering Interactions With Women
No more dinners with female colleagues. Don't sit next to them on flights. Book hotel rooms on different floors. Avoid one-on-one meetings. In fact, as a wealth adviser put it, just hiring a woman ...
Flood Insurance, Terrorism Cover, FIO Will Be on the 2019 P/C Congressional Agenda
Reform and long-term renewal of the National Flood Insurance Program will be high on the property/casualty insurance industry's agenda when the new Congress begins its work in January 2019. Congress ...
Expect at Least $2.5B in Insured Losses From Calif. Woolsey Fire: AIR Worldwide
Catastrophe risk modeling firm AIR Worldwide estimates at least $2.5 billion in insured losses from the Woolsey Fire in Southern California. AIR said that its estimate of insured losses is based on ...
Judges Skeptical About Combining 3M, DuPont Suits Over Cancer-Linked Chemicals
Creating a massive lawsuit over cancer-linked chemicals found in around a third of Americans' drinking water got a skeptical reception in federal court Thursday. A panel of seven judges in Manhattan ...
Marriott Cyber Attack Puts Data From 500 Million People At Risk
Marriott International Inc. has been investigating a hack involving unauthorized access to the guest reservation database at its Starwood unit since 2014, in what may be one of the biggest such data ...
InsurTech Oyster Insurance Heads West With Pay-As-You-Go Workers Comp Launch
A new InsurTech wants to provide pay-as-you-go workers compensation to as many small businesses in California as possible, and it hopes to use the momentum it's built following a quiet launch in the ...