Claims / Legal
Insurers Say Duke Energy Knew About Coal Ash Risks, Which Negates Payment Obligation
Dozens of insurance companies say they're not obligated to help pay for Duke Energy Corp.'s multi-billion dollar coal ash cleanup because the nation's largest electric company long knew about but did ...
In SCOTUS Workers’ Rights Class Action Case, Trump Administration Backs Lawyers
The Trump administration on Friday sided with employers in a Supreme Court case over the rights of workers to bring class action lawsuits against companies, court documents showed. Reversing a ...
Drought, Cloud Computing Top Swiss Re’s P/C Emerging Risks
Drought and cloud computing would not necessarily go together, but they do in the world of insurance risk. Swiss Re sees both as the greatest risks property/casualty insurers will face in the coming ...
The Latest Launches From XL Catlin and Lockton
XL Catlin is now offering new coverage in the U.S. and Canada for small to mid-sized construction firms. Lockton will team with a new corporate partner to offer crisis management and communications ...
House Republican Proposal Would Prevent States From Setting Self-Driving Car Rules
California and other states would be barred from setting their own rules governing design and testing of self-driving cars, while federal regulators would be blocked from demanding pre-market ...
UK Insurer Aviva Will Launch Cyber Insurance for Small Businesses
British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its ...
House Mulling 7 Proposals to Renew/Reform National Flood Insurance Program
House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and ...
Anbang’s Woes Worsen as China Asks Lenders to Halt Business Ties
Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York's Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu ...