Claims / Legal
The Latest Launches from Great American, Allianz and Validus
Great American Insurance Group launched a professional liability endorsement covering the administration of a drug to counteract opiates such as heroin. Validus Holdings subsidiary Talbot ...
Pacific Gas & Electric Found Guilty of Federal Charges in CA Pipeline Blast
Pacific Gas & Electric Co was found guilty on Tuesday of several federal charges stemming from a natural gas pipeline explosion in California that killed eight people and injured 58 others in ...
Yale, NYU, MIT Face Federal Suits Alleging Excessive Retirement Plan Fees
Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to ...
Chevron Wins Victory in $8.6B Ecuador Toxic Waste Lawsuit Fight
Chevron Corp. won a victory in its long-running battle over toxic waste in Ecuador after an appeals court found the American lawyer representing indigenous villagers committed fraud and barred him ...
6 U.S. Ports Are at Greatest Global Risk for High Natural Catastrophe Losses
Six U.S. ports are among 10 globally at biggest risk of high insurance losses stemming from earthquake, wind and storm-surge catastrophes, according to a new RMS analysis. The California-based ...
D&O Market Booms in Brazil as Corruption Probes Mount
Insurers who sell policies limiting executives' liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro ...
New Spyware Targeting Firms in Russia, China and Elsewhere: Symantec
A previously unknown hacking group variously dubbed "Strider" or "ProjectSauron" has carried out cyber-espionage attacks against select targets in Russia, China, Iran, Sweden, Belgium and Rwanda, ...
Future Workers Compensation Profitability Faces Obstacles
Workers compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in ...