Claims / Legal
The Great Revival: The Return of Bad Faith Litigation in the United States (Part 1)
Since the late 1960s and early 1970s, the United States has seen the growth of direct actions against insurance companies in what have colloquially been termed "bad faith" actions. These actions have ...
Farmers Suing Auto Club Michigan, Ex-Employees; Theft of Secrets Alleged
Farmers Insurance has filed a lawsuit in California against a pair of former employees and the Automobile Club of Michigan alleging the theft of trade secrets. The suit alleges violations of the ...
Berkshire Hathaway Likely to Report Big Q3 Claims Costs—and Reduced Insurance ‘Float’
The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They've also turned an ...
Exxon Will Fork Over $300M to Settle U.S. Air Pollution Violations
Mobil Corp. agreed to pay more than $300 million to resolve air pollution violations tied to eight chemical plants in Texas and Louisiana, one of a pair of environmental settlements with oil ...
Calif. Wildfire Insured Losses at $3.3B and Rising: Regulator
Wildfires in California have caused insured losses of more than $3.3 billion, based on claims reported by 15 insurers, and the figure will rise, the California Department of Insurance said on ...
Investors Press U.S. Drug Companies to Review Opioid Legal, Financial, Reputational Risks
U.S. shareholder activists are addressing the soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from ...
Johnson & Johnson and Talc: What Comes Next and Why It Matters to Insurers
Johnson & Johnson is having increasing legal troubles with talc, a trend that has potential implications for the property/casualty insurance industry. That's because a number of juries have ruled ...
Live in Portland to Avoid Natural Disasters; Be Ready for Them in Miami
Tired of living with hurricanes, tornadoes or floods? Head to Portland, Salt Lake City or Providence. Or California. Yes, California. Portland, Oregon is the safest place to live to avoid hazardous ...