Claims / Legal
National Flood Insurance Program Gains Extension Until Dec. 8; Reform Talks Continue
President Donald Trump last Friday signed legislation reauthorizing the National Flood Insurance Program until Dec. 8, 2017, which buys more time for Congress to consider reforms of the program. The ...
Qualified Claims Inspectors Needed After Florida/Texas Hurricane Double Whammy
Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars' worth of property damage in less ...
Insurers, Reinsurers Alike See Stock Gains as U.S. Irma Fears Subside
Insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma's damage were excessively dire. Giant reinsurers like Swiss Re and Munich Re, which shoulder risks ...
Irma Analysis: Insurer Financial Stress Unlikely If Early Loss Estimates Hold
Before Hurricane Irma made landfall in south Florida on Sunday morning, analysts were assessing the potential damage to property/casualty insurer and reinsurance balance sheets and earnings. On ...
Equifax’s Cyber Insurance Reportedly Not Enough to Address Massive Breach
Equifax Inc.'s insurance against cyber breaches is likely inadequate to cover the credit-reporting company's costs tied to one of the biggest hacks in history, according to people familiar with the ...
AmTrust Seals Quota Share Reinsurance Deal to Reduce Hurricane, Tropical Storm Exposures
AmTrust Financial Services signed a new quota share reinsurance contract intended to reduce hurricane and tropical storm exposure for its Republic Companies business. The contract, effective Aug. 1, ...
FEMA Funds May Run Dry on Friday, Florida Senators Warn
The U.S. Federal Emergency Management Agency will run out of disaster assistance funding on Friday unless Congress approves more money, two Florida senators warned on Thursday. As Hurricane Irma ...
Credit Reporting Agency Equifax Reveals Cyber Attack; 143 Million Customers Possibly Impacted
Equifax Inc. said its systems were struck by a cyber attack that may have affected about 143 million U.S. customers of the credit reporting agency, shedding light on one of the largest and most ...