Claims / Legal
U.S. P/C Insurance Industry Net Asbestos Losses Reach $100B Mark and Rising
Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They're now at $100 billion, and that's $15 billion higher than the previous estimate. according to a new ...
Small Business Cyber Risk Awareness Rises: Zurich Survey
One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized ...
Oklahoma Quakes Spark Lawsuits Against Energy Cos., U.S. Govt. Over Fracking
Residents of a town hit by Oklahoma's strongest earthquake have filed a class-action lawsuit against dozens of energy companies, accusing them of triggering destructive temblors by injecting ...
Advanced Weather Satellite Launches Promising Revolution in Hurricane, Tornado Forecasts
The most advanced weather satellite ever built rocketed into space Saturday night, part of an $11 billion effort to revolutionize forecasting and save lives. This new GOES-R spacecraft will track ...
Targeting Millennials, Allstate Offers $2 On-Demand Road Rescues for Turkey Day
On Nov. 23—the day before Thanksgiving—Allstate announced that it is offering $2 roadside rescues for 1,000 stranded motorists experiencing common roadside emergencies, such as flat tires, dead ...
ATM Fees Class Action Lawsuits Allowed by SCOTUS to Proceed
The U.S. Supreme Court on Thursday gave the green light to class action lawsuits by consumers accusing Visa Inc, Mastercard Inc and several U.S. banks of conspiring to inflate the prices of ATM ...
New Zealand EQ Insured Losses Could Top $3B: AIR Worldwide
Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand's South Island early this week, putting a range of $762 ...
‘Unicorn’ Startups in the Crosshairs; New Risks Possible for D&O Insurers
Underwriters of directors and officers (D&O) liability insurance should keep an eye on the increased scrutiny of "unicorn" technology firms by aggrieved shareholders and securities regulators, ...