Claims / Legal
Beechwood Re Reportedly Exploring Sale After Platinum Woes
The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from some clients due to its relationship with troubled hedge fund manager Platinum Partners, ...
SCOTUS Rejects Hank Greenberg’s Fraud Lawsuit Appeal; Mediation to Come
The U.S. Supreme Court turned away an appeal by Maurice "Hank" Greenberg, refusing to derail a fraud lawsuit by New York state against the former American International Group Inc. chairman. Three ...
Crawford & Co. Buys Majority Stake in WeGoLook for $36.1M
Crawford & Co. disclosed it has acquired a majority interest in WeGoLook, an online and mobile collaborative economy platform based in Oklahoma. Crawford, a provider of claims management products ...
Insurability Challenges Hamper Cyber Market Development: Geneva Assoc. Report
While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market," according ...
Too Much Tech, More Lawyers Fuel Auto Insurance Woes: Hartford Execs
Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 ...
Trade Secrets Stolen in Massive Cyber Attack Against Steelmaker ThussenKrupp
Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ...
Cyence’s CEO Sees an Urgent Need to Model Cyber Risk
Property/casualty insurers continue to explore ways to better insure cyber risk. Cyence digs deeper, modeling the financial impact cyber events can cause. Launched a little over two years ago in ...
J&J Will Appeal $1B Verdict in Recent Artificial Hip Implant Trial
Johnson & Johnson will challenge the fairness of a trial that produced a verdict of $1 billion in damages against the company last week over allegations of design flaws in its Pinnacle hip ...