Claims / Legal
UPDATED: Hiscox Debuts New Coverages for Management Liability, Corporate Crime
Hiscox debuted new coverages in the U.S. designed to help companies manage liability and crime—a launch the international specialist insurer said is part of its executive liability insurance policy ...
For the 2018 Atlantic Hurricane Season, Modeling Catastrophes Differently Might Help
The 2018 Atlantic hurricane season is nearly upon us. It begins June 1 — less than one month away — with as many as 14 named storms predicted and a greater than normal chance a major system will ...
Lockton Fined in NY Over NRA Insurance; Probe of Other Players Continues
Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The ...
The Latest Launches From RMS and Marsh/Validus Specialty
RMS unveiled a new catastrophe model designed to address earthquake and tsunami risks in Japan. Marsh and Validus Specialty launched a new insurance product designed to manage U.S.-based fintech ...
Oklahoma Wildfires Kill Hundreds of Cattle, Destroy More than 300,000 Acres
Wind-driven wildfires that began in mid-April, fueled by severe drought, have killed hundreds of cattle and destroyed more than 300,000 acres in Oklahoma, authorities said on Monday. Oklahoma has ...
The Hartford Soars, Thanks to Tax Reform, Lower Cat Costs, Higher Net Investment Income
The Hartford reported a big rise in net income for the 2018 first quarter, crediting factors for the gain such as higher overall underwriting results, lower catastrophe losses, a boost in net ...
UPDATED: Genetic Testing and Insurance Are Increasingly Intertwined
Can consumers and insurers come to a consensus about the appropriate role of genetic testing in insurance underwriting? That was the central question addressed by Anya Prince, associate professor at ...
U.S. Energy Industry’s Cyber Security Measures Are Woefully Lacking
How much is cyber security worth to the U.S. energy industry? Not a whole lot apparently. Two prominent security consultant firms estimate that energy companies, ranging from drillers to pipeline ...