Claims / Legal
A Handful of Wall Street Execs Still Avoid Using Emails or Texts
In an age when most bankers use keyboards to communicate with each other, a small group of the Wall Street elite refuses to say anything substantive in an email, text or chat, and some will not ...
SCOTUS Skeptical About Tossing State Farm Hurricane Fraud Jury Verdict
The Supreme Court on Tuesday appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by ...
After 6 Years of Fast Growth, Cyber Insurance Purchasing Slows Down
There are signs in 2016 that the cyber insurance market is slowing after six years of rapid growth, even as the overall upward trend of organizations purchasing cyber insurance continued. A 2016 ...
Blockchain in Insurance: Applications and Pursuing a Path to Adoption
Blockchain, or distributed ledger technology, quickly has become a fixation in the financial services industry as a result of its potential to revolutionize and transform our thinking about data ...
XL Catlin Adds Employment Practices Liability Option for Design Professionals
XL Catlin said it is adding an employment practices liability option to its professional liability insurance product for architects, engineers and other U.S. design professionals or businesses. The ...
Wells Fargo Will Pay $50M to Settle Suit Over Homeowners Fees
Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on ...
Measuring Casualty Cat Risk: What Underwriters and Actuaries Miss and Why
Last month, I was invited to speak at the Casualty Actuarial Society Loss Reserving Seminar in Chicago, where I had the opportunity to challenge the existing techniques designed to measure ...
Hundreds of Italy Quake Aftershocks Expected; Coverage Gaps Possible
With central Italy reeling from yet another earthquake that hit on Oct. 30, and bracing for many aftershocks to come, AIR Worldwide cautions that there may be gaps there in earthquake insurance ...