Claims / Legal
Rite Aid Advisers Rake in Millions Through Bankruptcy; Opioid Victims Brace for Nothing
Nancy Zailo is at the back of the line. She's behind Jeffrey Stein, the Rite Aid Corp. chief executive collecting $300,000 paychecks every month. She's behind consultants at Alvarez & Marsal, who ...
Deal Troubles: James River Lawsuit Says Fleming Failed to Close on JRG Re (Updated)
James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete the $277 million acquisition of its casualty reinsurance subsidiary, ...
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger
Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A ...
Tesla’s Blame-the-Driver Defense Will Be Tested in Next Autopilot Trial
Six weeks before the first fatal U.S. accident involving Tesla's Autopilot in 2016, the automaker's president Jon McNeill tried it out in a Model X and emailed feedback to automated-driving chief ...
Federal Trade Commission Reports Nationwide Fraud Losses Topped $10B in 2023
Consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark, and a 14 percent increase over reported losses in 2022, newly ...
After 18 Straight Years, Favorable Loss Reserve Development Streak Could End
In a new article published late last week, Fitch Ratings noted the prospect that 2024 could mark the end of a run of almost two decades of aggregate loss reserve releases for the U.S. ...
How Legal Finance Adds Value to Judgment Preservation Insurance
Successful litigants holding trial-court judgments have traditionally found themselves positioned similarly to mountaineers atop Mount Everest: After a long, brutal and costly ascent to the summit, ...
Federal Reinsurance for Cats: No Thanks, APCIA Says
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers' issues with growing private reinsurance costs. But a trade group for carriers ...