Claims / Legal
PFAS by the Numbers: $165B Ground-Up* Litigation Losses Possible
When Frank Demento received a mailing from managers of his water district on Long Island last year, the news it contained seemed pretty good. The level of a harmful chemical, perfluorooctanesulfonic ...
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
It's not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of ...
Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators
Farmers Insurance officials said they have spoken with employees after receiving an anonymous letter, apparently from a group of in-house adjusters, accusing the insurer of understaffing and ...
Contractors Can’t Advertise ‘Insurance Negotiating’ Skills, Texas Supreme Court Says
A contractor cannot be the public adjuster on a claim and cannot advertise itself as an insurance claims negotiator if it does not hold an adjusters' license, the Texas Supreme Court decided in a ...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Although insurers can help to stop the growth of social inflation, they can't lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief ...
Defendants, Insurers Risk Falling Behind on AI for Litigation
As generative artificial intelligence drives the innovation of legal tools, insurance defense experts are wary that failing to keep up with the plaintiffs' bar's technological advances could lead to ...
Questionable Loss Reserves: Are Legacy Reinsurance Deals the Answer?
Twenty years ago, an insurance carrier's use of reinsurance products like loss portfolio transfers and adverse development covers waved a red flag, signaling potential concerns over the company's ...
32.7M Homes at Risk of Hurricane Damage, CoreLogic Report Shows
More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds, a new report shows. The large number of at-risk homes ...