Claims / Legal
Self-Driving Car Legislation Passes U.S. Senate Commerce Committee
The U.S. Senate Commerce Committee on Wednesday unanimously approved a bill to speed self-driving cars to market without human controls and bar states from imposing regulatory road blocks. The bill ...
Consumers Worry Autonomous Vehicles Will be Vulnerable to Cyber Breaches: AIG Study
As property/casualty insurers contemplate how to insurer autonomous vehicles, a new AIG study reveals consumers worry these cars and trucks of the future are particularly vulnerable to cyber ...
Trump Reportedly Seeking $29B National Flood Insurance/Disaster Aid Funding
The Trump administration will ask Congress to provide $29 billion in disaster aid and national flood insurance for hurricane-recovery efforts, a Republican lawmaker said Tuesday. Of that amount, $16 ...
Concerned About Natural Disaster Exposure, A.M. Best Hits Nationwide With Negative Outlook
Nationwide's size and market presence may count against it in the short term, according to A.M. Best. The insurer has been saddled with a negative outlook issued by the ratings agency, in part, over ...
AIG Will Sell Medical Stop-Loss Operations to Tokio Marine HCC
Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group. Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But ...
SCOTUS Considers Right of Workers to Bring Class-Action Claims; Court Divided
Liberal U.S. Supreme Court justices on Monday defended the right of workers to bring class-action claims against companies but their conservative counterparts who are in the majority sounded ...
A Roundup of Major Insurer/Reinsurer Hurricane and Quake Losses Thus Far
Losses from Hurricane Maria and other recent 2017 natural catastrophes—including hurricanes Irma and Harvey, the Mexico City earthquakes, and other events—have led global insurers and reinsurers ...
Appeals Court Overturns $663M Trinity Guardrail Judgement
Trinity Industries Inc. won't have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail ...