Claims / Legal
A Different World for Underwriters: Profits Shift to Lines That Were Loss Leaders
For property/casualty underwriters, today's operating environment may seems like an insurance-themed episode of The Twilight Zone, with lines they counted on for profits turning into problems and ...
More Tornadoes Spinning Eastward to Populated Areas, Worrying Scientists
Over the past few decades tornadoes have been shifting—decreasing in Oklahoma, Texas and Kansas but spinning up more in states along the Mississippi River and farther east, a new study shows. ...
New Mortgage Bond Offerings Minimizes Hurricane Risk Even When Storm Strikes
Hurricane Florence damaged some 30 Invitation Homes Inc. residential properties when it walloped the Carolinas in September, but that hasn't kept the houses out of a new mortgage-backed securities ...
Executives On The Move at W.R. Berkley Corp. and AXIS Capital Holdings
W.R. Berkley Corp. promoted two executives: one within its Berkley Public Entity arm and the other at its Admiral Insurance Unit. AXIS Capital Holdings Ltd. appointed an executive to its board of ...
British Airways Warns an Additional 185,000 Customers May Have Been Hit in Cyber Attack
International Airlines Group said an investigation into the theft of customers' data at its British Airways subsidiary showed hackers may have stolen the personal information of a further 185,000 ...
Hurricane Maria Aftermath: Carriers Leave 13,600 Unresolved Claims a Year After Storm
Thousands of Puerto Ricans have been forced to drain their savings, close their businesses, or resign themselves to living with structural damage as they fight insurance companies over millions of ...
Super Typhoon Yutu Slams Into Northern Mariana Islands at Historic Strength
Super Typhoon Yutu battered the Pacific Ocean's Northern Mariana Islands with 178 mile (286 kilometers) per hour winds, making it the strongest storm to hit the U.S. territory since 1950. The storm's ...
New York Accuses Exxon Mobil of Deceiving Investors on Climate Costs
Lawyers for Exxon Mobil Corp. stood before a New York judge in August and told the state's attorney general to "put up or shut up" after spending three years investigating the company's public ...