Claims / Legal
Insured Losses Price Tag for Fort McMurray Wildfire Rises
The Fort McMurray Wildfires in Alberta in May are already Canada's costliest ever. A new estimate now places the insured-loss priced tag even higher than previously thought. Insured losses from ...
Natural Catastrophes Created $31B in Global Insured Losses Through H1: Swiss Re’s Sigma
Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a ...
Allstate Reports $253M in Pretax Catastrophe Losses for July
Allstate's estimated pretax catastrophe losses for July hover around the $253 million mark, the latest high number in monthly warnings issued by the property/casualty insurer. Allstate explained in ...
Environmental Risk: Investors Worrying about Data Centers’ Water Use
Data centers, used by governments and large corporations to house their computer systems, have one big environmental problem: They get hot. To keep them from overheating, large data centers can pump ...
Big Oil Faces $100B Risk From Louisiana’s Sinking Coast
From 5,000 feet up, it's difficult to make out where Louisiana's coastline used to be. But follow the skeletal remains of decades-old oil canals, and you get an idea. Once, these lanes sliced through ...
Mark Your Calendar: Ford Plans Driverless Ridesharing Car by 2021
Ford Motor Co., which put the world on wheels a century ago, is now taking the driver out of the driver's seat. The company said it plans to have a fully autonomous vehicle -- no steering wheel, no ...
GM Ignition-Switch Lawsuit Tossed by Texas Judge
A Texas judge has thrown out a lawsuit against General Motors from a woman who blamed a 2012 car crash on a faulty ignition switch that later prompted the company to recall 2.6 million vehicles. The ...
LA Commercial Buildings Likely More Resilient to Pending Flood Losses: AIR Worldwide
While it is early to determine insured and economic losses from massive flooding in Louisiana and Mississippi, an AIR Worldwide assessment of the damage offers some potential clues. The catastrophe ...