Claims / Legal
Insurers Adapt to Terror Attacks on Western Cities
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in ...
China’s Anbang Insurance Says Chairman Can’t Perform Duties; Reportedly Detained for Questioning
Anbang Insurance Group Co., the Chinese company that was at the forefront of a global acquisition spree before abruptly reversing course, said Chairman Wu Xiaohui is unable to perform his duties for ...
London Mom Sues AIG in Maternity Leave Lawsuit
American International Group Inc. said it was not "unwelcoming to working mothers" as the insurer fought a discrimination lawsuit filed by a former London trader dismissed while on maternity leave. ...
Wage-Loss Workers Comp Benefits Fall Short: WCRI Study
Adequacy of income benefits is one of the long-standing concerns about the performance of workers compensation systems. However, there is little known about whether income benefits (also called ...
Electric Grid Faces New Potential Cyber Attack Threat
Two cyber security companies said they have uncovered a sophisticated piece of malicious software capable of causing power outages by ordering industrial computers to shut down electricity ...
RMS Rolls Out Updated North America Earthquake Models
RMS has released a new version of its North American Earthquake Models for the United States, Canada and Mexico. The updated version 17.0 model will enable RMS clients to manage their risk ...
Two Berkshire Hathaway Units Settle in California ‘Bait and Switch’ Insurance Probe
Two insurance units of Warren Buffett's Berkshire Hathaway Inc have agreed to lower their rates and provide more disclosures to settle claims that they overcharged small business owners in California ...
El Nino’s Odds Keep Dropping; Active Atlantic Hurricane Season Now More Likely
Forecasters again lowered the odds of El Nino forming by year's end, a scenario that may mean more Atlantic hurricanes at a time when federal agencies charged with predicting and responding to ...