Claims / Legal
Insurers Tap Satellite to Monitor Property Changes, Fraud
After last year's three-hurricane punch, several U.S. agencies issued disaster fraud alerts. But the government isn't the only target of scammers after weather-related catastrophes. Property/casualty ...
Wells Fargo Plan to Repay Customers Pushed Into Unnecessary Auto Insurance Reportedly Rejected by Regulators
U.S. regulators have rejected Wells Fargo & Co's plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated ...
NRA-Marketed Insurance Hit With Crackdown From California Regulators
California's insurance regulator ordered the National Rifle Association to stop marketing an insurance product without being licensed. A "Carry Guard" product was allegedly being marketed by the NRA ...
Hurricane Florence Already Triggering Business Interruption Policies
Hurricane Florence is still hundreds of miles off the U.S. East Coast, but insurers are starting to see their potential costs from one type of claim mount as companies halt operations to let ...
ALI Restatement Brings Change and Uncertainty for Carriers
The American Law Institute (ALI) is the preeminent independent legal organization in the United States producing scholarly work in the legal field, including the Restatements of Law. The ALI entered ...
U.S. Flood Insurance Reform Remains Unfinished, a Year After Massive Hurricane Damage
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation's troubled flood insurance program remains stalled in ...
Opinion: Catastrophe Bonds Are a Smashing Success
Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of "cat bonds" has climbed to more than $11 billion this year, about the same as this time in ...
1 Million-Plus Told to Flee Hurricane Florence as Mid-Atlantic States Brace for Storm
Florence was slightly weakened but not unbowed as it continued to barrel toward the U.S. East Coast on Tuesday, with forecasters saying they expect the storm to re-strengthen to near Category 5 ...