Claims / Legal
Hurricane Will Lead to $4B-$6B in Insured Property Losses; Reinsurers Remain Resilient
Hurricane Matthew may have diminished in intensity over the weekend, but wind and flood damage was substantial. Early analysis suggests the storm caused between $4 billion and $6 billion in insured ...
Hurricane Matthew Kills at Least 7 in NC; Power Outages, Flooding in 3 States
More than 1.5 million people are still without power as Matthew on Sunday brought Hurricane-force wind gusts and flooding to the outer banks of North Carolina, where the storm left at least seven ...
A Diminished Hurricane Matthew Lands in South Carolina; 1.5 Million Lose Power
More than 1.5 million people were without power and hundreds of flights were grounded as Hurricane Matthew came ashore Saturday in South Carolina, rapidly losing strength along the way. Matthew ...
Judge Rules Fiat Chrysler Must Face U.S. Safety Compliance Lawsuit
A U.S. judge on Wednesday said Fiat Chrysler Automobiles NV must face a lawsuit claiming it defrauded shareholders by overstating its ability to comply with vehicle safety laws. U.S. District Judge ...
AIG Sued for $100M in Bonuses by Former Derivatives Staff
American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the ...
Hurricane Matthew Reaches Florida; Millions in U.S. Southeast Told to Flee
Millions of people in the U.S. southeast were ordered to flee as Hurricane Matthew, set to become the strongest storm to hit the country since 2005, headed toward Florida's East Coast after leaving ...
The P/C Insurance Industry and Analysts Scramble for Hurricane Matthew
With news that Hurricane Matthew could hit Florida and nearby states by Friday as a Category 4 storm, the property/casualty insurance industry scrambled on Thursday to assess and prepare for the ...
Hurricane Matthew Could Leave Behind Nearly $15B in Florida Economic Losses
Hurricane Matthew has thousands fleeing the U.S. Southeast where it's expected to batter the coastline and threaten electricity supplies to more than 1 million people in Florida. Potential losses are ...