Claims / Legal
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 ...
J&J Warns Patents Their Insulin Pumps Carry Cyber Hacking Risks
Johnson & Johnson is telling patients that it has learned of a security vulnerability in one of its insulin pumps that a hacker could exploit to overdose diabetic patients with insulin, though it ...
Wells Fargo Scandal May Reach to Thousands of Small Business Owners
The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope of the bank's issues ...
AIG Transfers 25,000 Brazilian Auto Policies to Porto Seguro Unit
American International Group Inc.'s business in Brazil agreed to transfer about 25,000 auto policies to a unit of Porto Seguro SA as the U.S. company scales back its international businesses. The ...
London Insurance Market Will Test Catastrophe Response: Hiscox Chair
The London insurance market plans to test its response this month to a major catastrophe on the scale of the 9/11 attacks, the chairman of insurer Hiscox said on Tuesday. While insurers have coped ...
Climate Change Produces New Insurance Challenges All Around
Climate change is creating insurance challenges in multiple ways. The National Climate Assessment, a report released by the U.S. Global Change Research Program argues that climate change increases ...
Hurricane Matthew Revving up Trouble for Carribbean Nations
Hurricane Matthew intensified en route to Haiti on Monday, bringing 140-mile-per-hour (220 kph) winds and torrential rain that could wreak havoc in Caribbean nations that had yet to evacuate ...