Claims / Legal
North Carolina Town Sues Duke Energy Over Climate Crisis
A town in North Carolina sued utility firm Duke Energy DUK.N on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate change. The town of ...
Effective Jan. 1, Workers Comp For Mental Health Available To NY Workers
New York Governor Kathy Hochul has signed legislation to expand workers compensation benefits to people who are facing job-related mental health crises. The new law, which goes into effect January 1, ...
Speed, Vehicle Height Increases Pedestrian Injury Risk: IIHS
A new study has found the height of a vehicle may compound the injuries suffered by a pedestrian in a crash where speeding was involved. Insurance Institute for Highway Safety (IIHS) researchers ...
Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules
Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a ...
Defense Lawyer’s Perspective: Connecting Insurers, Promoting Plaintiff-Style Solidarity
Back in 2018, there weren't too many insurance professionals talking about social inflation. William Wilt, president of Assured Research, wrote an article for Carrier Management about the ...
Quantifying Social Inflation: How Swiss Re Developed an Index
Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a ...
Unite and Conquer: How the Insurance Industry Can Deflate Social Inflation
At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurance company who brought ...
A New Claims Playbook: United and Street Smart on Litigation Demands
Social inflation is at the heart of rising claims severity trends showing up on the books of casualty insurers and reinsurers, industry representatives agree. "But it's not the only reason why we're ...