Claims / Legal
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 ...
Hurricane Irma Destroyed 25 Percent of Homes in the Florida Keys, FEMA Says
Search-and-rescue teams made their way into the Florida Keys' farthest reaches Tuesday, while crews labored to repair the single washed-out highway connecting the islands and rush aid to Hurricane ...
The Latest Launches From Travelers, AGCS and Liberty Mutual/Ironshore
Allianz Global Corporate & Specialty launched a new online distribution platform targeted to small commercial business accounts. Travelers is beefing up its coverage for directors and officers ...