Claims / Legal
Late 2017 Hurricanes Could Spur 2018 Insurance M&A Spree: Clyde & Co. Prediction
Hurricanes Harvey, Irma, Maria and Nate broke records in late 2017 in terms of damages and insured losses. The strains they have caused on the marketplace could spur a wave of M&A activity a ...
Chubb’s Estimated Q4 California Wildfire Losses Surpass $200M
California wildfires from earlier this fall will likely slam Chubb with sizable fourth-quarter catastrophe lost costs. Those numbers are significantly lower, however, than the insurer's Q3 hits from ...
Former Justice Dept. Employee Admits Trying to Sell Secret U.S. Whistleblower Suits
A former partner at a major law firm in Washington pleaded guilty on Wednesday to charges that he tried to sell copies of sealed whistleblower lawsuits against corporations that he obtained while ...
Lloyd’s Has Paid Claims of $1.7B for Hurricanes Harvey, Irma & Maria—So Far
The Lloyd's market has paid claims worth $1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year, Lloyd's estimated a total commitment of $4.8 billion for the three ...
U.S. Asbestos Payments Grow in 2016; Incurred Losses Drop: A.M. Best
While U.S. asbestos-related incurred losses dropped in 2016, insurance payments grew 9 percent and hit $3.2 billion for the year, a new A.M. Best report concludes. The $3.2 billion figure exceeds the ...
SCOTUS Seems Reluctant to Broaden Dodd-Frank Whistleblower Protections
Conservative and liberal U.S. Supreme Court justices on Tuesday appeared reluctant to broaden protections for corporate insiders who blow the whistle on securities law violations or fraud by their ...
Apple and Qualcomm Accuse Each Other of Patent Infringement
Apple Inc on Wednesday filed a countersuit against Qualcomm Inc, alleging that Qualcomm's Snapdragon mobile phone chips that power a wide variety of Android-based devices infringe on Apple's patents, ...
Spike in Drone Use Places Airlines, Business Jets at Risk: FAA Research
The millions of small civilian drones plying the nation's skies can cause significant damage to airliners and business jets in a midair collision, new research commissioned by the U.S. Federal ...