Claims / Legal
Small, Medium-Sized Businesses See BI Coverage Gaps After Terrorist Attacks: Pool Re Report
Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption ...
Equifax CEO Smith Retires After Massive Cyber Attack
Equifax said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach at the credit reporting firm that exposed personal details of up to 143 million U.S. ...
Modelers Publish More Disaster Estimates; Maria Could Cost $85B
Estimates of industry losses for recent hurricanes and the earthquake in Mexico are still being tallied by catastrophe modeling firms. Among the latest are these from RMS and AIR Worldwide. • ...
Hackers Hit Deloitte Internal Email Platform, Client Data
Following record results that flagged the growth of its cybersecurity business, Deloitte LLP has revealed that it has been successfully targeted by a cyber attack that let hackers access data from an ...
Less Than Half of Chief Actuaries ‘Fully Satisfied’ With Reserve Accuracy: WTW
Only 48 percent of property/casualty actuaries surveyed by Willis Towers Watson last year said they were fully satisfied with the accuracy and confidence of their reserving, the global advisory, ...
EPA Removed Waste at Texas Toxic Sites in Harvey Response Efforts
The Environmental Protection Agency says it has recovered 517 containers of "unidentified, potentially hazardous material'' from highly contaminated toxic waste sites in Texas that flooded last month ...
Snapsheet Execs: Virtual Claims Tech Need Not Take Away Field Staff Jobs
The application of technology in the insurance industry is accelerating at a rapid pace, yet the constraints of legacy infrastructure make it difficult to leverage and integrate new tools to enhance ...
Expect More Energy Contract Lawsuits, Thanks to Hurricane Harvey
Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing ...