Claims / Legal
What Happens If United States Quits Climate Deal
Earth is likely to reach more dangerous levels of warming even sooner if the U.S. retreats from its pledge to cut carbon dioxide pollution, scientists said. That's because America contributes so much ...
House National Flood Insurance Program Revamp Calls for 5-Year Renewal
A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The ...
Three Lloyd’s Insurers Form Asia Political Risk Consortium
Three Lloyd's insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and ...
A Stormier-Than-Usual Atlantic Hurricane Season Is Possible as El Nino Odds Dissipate
The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds than an El Nino will form in the Pacific. Of storms that emerge during the ...
Swiss Re Placed $925M Catastrophe Bond for California Earthquake Authority
Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets ...
Insurance Groups Welcome Postponement of Liability Insurance Law Restatement
Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by our sister publication Insurance ...
Target to Resolve Data-Breach Probes With $18.5M Settlement
Target Corp. agreed to pay $18.5 million to settle investigations by dozens of states over a 2013 hack of its database in which the personal information of millions of customers was stolen. It's the ...
U.S. Accuses Fiat Chrysler of Excess Emissions in Diesel Vehicles
The U.S. government filed a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014. The U.S. ...