Claims / Legal
AIR Worldwide: Unusual Circumstances Behind Floods in France, Germany, Belgium
Officials have only begun to tally economic and insured losses after widespread flooding hit much of France, Germany and parts of Belgium. But catastrophe-modeling firm AIR Worldwide said the ...
Judge to Uber: Did You Encourage a Private Investigator to Lie?
A federal judge wants to know whether Uber Technologies Inc. encouraged a private investigator to lie as part of a probe of a customer who sued over how the ride-hailing app sets fares. Connecticut ...
U.S. Treasury Reviewing Fosun’s Acquisition of Ironshore
United States authorities are conducting a review of China's Fosun Group's acquisition in November 2015 of Bermuda-based insurer Ironshore. The Committee on Foreign Investment in the United States ...
Allianz Division Brings on AXIS/Chubb Hires to Grow U.S. Cyber Team
Allianz Global Corporate & Specialty is the latest carrier to expand its cyber insurance arm in response to the fast evolving and growing risk. New hires from AXIS and Chubb will help round out ...
Scientists Disagree About 2016 Atlantic Hurricane Predictions
This summer and fall, the Atlantic Ocean might become a testing ground for competing scientific theories. After decades of warmth, there's evidence that the ocean is cooling, a change that could mean ...
Declined D&O Claims Have Global Relevance: Marsh
When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with "the financial costs of a claim or loss entirely on its own," ...
Colin Moves to East Coast as Pacific Tropical Storm Depression Gains Strength
Tropical Storm Colin moved out to sea early Tuesday after knocking out power to thousands, prompting Florida Governor Rick Scott to declare a state of emergency. The threat of a storm surge flooding ...
$1.1B in German Flood Claims is Double Initial Estimates: Fitch
Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry squeezed by low interest rates and decreasing prices for ...