Claims / Legal
Insurance Industry Slams Treasury’s New Auto Insurance Affordability Formula
Federal regulators have adopted a methodology for monitoring the affordability of automobile insurance, capping years of debate and public comments. Property/casualty insurers, however, said the new ...
GM Loses U.S. Appeals Court Bid for Ignition-Switch Lawsuit Shield
General Motors' 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million ...
XL Group, Chubb and More Reveal High Q2 Cat Loss Estimates
Canadian wildfires, European floods, Japan and Ecuador earthquakes and U.S. hailstorms over the spring were dramatic enough at the time. Now, the damage these events left behind are leading a number ...
Pokémon ‘Augmented Reality’ App Game Leading to Liability Risks
Pokémon Go, a location-based "augmented reality" game for smartphones, may be shaping up to be a big insurance/liability challenge. The game launched in July (based on a 1990s children's card ...
Earthquakes, Storms Make H1 Insured Losses Soar: Munich Re
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a ...
SEC to Target Tesla for Disclosure Failure: WSJ Report
The U.S. Securities and Exchange Commission is investigating Tesla Motors Inc. for a possible securities law breach after the electric car maker failed to disclose a fatal crash in May, the Wall ...
Insurance Matters for Police Reform: University Researcher
Liability insurance may be a "neglected backdoor route to police reform," according to a researcher from the University of Chicago. John Rappaport, an assistant professor at the University of Chicago ...
Lawsuit Alleges Calif. Workers Comp System Biased Against Women
California's workers compensation system discriminates against women by judging benefits on the basis of stereotypes and ignoring harm done to women—such as refusing permanent benefits when a woman ...