Claims / Legal
Willis Towers Watson’s New Cyber Risk Assessment Tool: An Employee Survey
While many businesses rely on technology to assess their cyber risks, Willis Towers Watson believes an employee survey could help make the task more successful. The consulting firm and broker is ...
Victims of Takata’s Exploding Air Bags Seek to Delay $1B Settlement
People injured by Takata Corp.'s exploding air bags asked a judge to delay approving the $1 billion settlement with the U.S. hours before the car-parts maker was due to appear in court to plead ...
Reserve Strengthening Likely for UK Insurers After Personal Injury Discount Rate Cut
The earnings of U.K. insurers likely will be hit by reserve strengthening following the U.K. government's announcement of a dramatic cut to the discount rate used to calculate lump-sum personal ...
State Farm’s Auto Underwriting Loss Soared to $7B in 2016; Profit Plunged
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2 ...
The Latest Launches From Ironshore, QBE and Marsh
A new insurance endorsement from Ironshore is designed to help make academic campuses more secure. QBE North America has a new policy for motor carriers that combines two key coverage areas. Marsh's ...
Gaps Permeate Within Small Business Disaster Recovery Plans: Nationwide
Carriers targeting the small-business insurance market have their risk management jobs cut out for them in a key area: Many clients don't have a written disaster recovery plan in place despite a need ...
Nissan First EU Tests of Self-Driving Car Begin in London
Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company's first European tests of an ...
AOB Abuse in Fla. Reaching Crisis Point
Assignment of benefits (AOB) abuse has escalated over the last five years to the point where it is now a serious disruption to Florida's insurance market. The abuse, which is especially rampant in ...