Claims / Legal
Harvey Likely Hit Hiscox With $150M in Net Insurance Claims
Specialist insurer Hiscox Ltd. believe it will see net claims from Hurricane Harvey hovering around $150 million. The number is based on an insured market loss prediction of $25 billion, excluding ...
Florida’s HCI Group Estimates $100M-$300M In Hurricane Irma-Related Losses
HCI Group predicts it will handle between $100 million and $300 million in insured losses related to Hurricane Irma, according to preliminary estimates from the Florida-based insurer. The losses will ...
NFIP Head: $11B in Payouts Likely for Hurricane Harvey Insured Homeowners
The head of the National Flood Insurance Program said Wednesday early estimates show Hurricane Harvey will result in about $11 billion in payouts to insured homeowners, mostly in southeast Texas. ...
Hackers Compromised CCleaner Free Software, Putting Legions of Devices at Risk
Hackers broke into British company Piriform's free software for optimizing computer performance last month potentially allowing them to control the devices of more than two million users, the company ...
Harvey, Irma Will Create Short-Term Hardened Property Market; Early Capital Concerns Minimal
Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term, according to a new KPMG survey. In related news, a new Morgan ...
Hurricane Jose Appears Headed for U.S. as Maria Strengthens
Hurricane Jose churned toward the U.S. Northeast and could cause swells along the coast by midweek, according to the National Hurricane Center, while Tropical Storm Maria is expected to become a ...
Spitzer Fair Game in Ex-AIG Chief Greenberg’s Defamation Lawsuit: Appeals Court Ruling
Maurice "Hank" Greenberg, former chief executive of American International Group Inc , may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New ...
After Harvey and Irma: Businesses Fight With Their Insurers for Lost Income
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers. Exclusions in the fine ...