Claims / Legal
Boar’s Head Hit With Class Action After Deli Meat Listeria Concerns, Recall
Boar's Head Provisions was hit with a proposed consumer class action lawsuit in New York federal court on Thursday, a day after it expanded its recall to more than seven ...
Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts
Robert Tyson believes the defense bar's lawsuit approach is overdue for an overhaul. The U.S. Chamber of Commerce Institute for Legal Reform reported in May that nuclear verdicts are on the rise, ...
Hurricanes Grab Headlines But Inland Floods Top Disaster List
Floyd County keeps flooding and the federal government keeps coming to the rescue. In July 2022, at least 40 people died and 300 homes were damaged when the eastern Kentucky county flooded. It was ...
Senate Democrats Seek to Reverse Supreme Court Curb on Regulatory Agency Power
Democratic U.S. senators on Tuesday introduced a bill designed to undo a ruling last month by the U.S. Supreme Court that curtailed the ability of federal agencies to issue regulations addressing ...
‘Surface Waters’ on Roof Are Not ‘Flood’ Waters, Massachusetts High Court Rules
The highest court in Massachusetts has ruled that rainwater accumulation on roofs of buildings does not constitute "surface waters" within the meaning of "flood" in property insurance policies. The ...
P/C Insurer CFO Viewpoints on PFAS
PFAS was a hot topic at the recent Casualty Actuarial Society Seminar on Reinsurance in June. But at a separate meeting held around the same time—the S&P Global ...
PFAS by the Numbers: $165B Ground-Up* Litigation Losses Possible
When Frank Demento received a mailing from managers of his water district on Long Island last year, the news it contained seemed pretty good.
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
It's not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of ...