Claims / Legal
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 ...
Tropical Storm Colin Hits Florida, Threatens Flooding Across U.S. Southeast
Tropical Storm Colin was moving across northern Florida early Tuesday as it knocked out power to thousands, prompted Governor Rick Scott to declare a state of emergency and threatened flooding across ...
French Insurers Assess Damage from Record Floods
Insurance executives meet with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France regions as the Seine river recedes from its highest levels in more ...
XL Group CEO McGavick Urges Caution Toward Fossil Fuel Divestment Pressures
XL Group CEO Mike McGavick is standing firm against the push for insurers to divest from fossil fuel. He's urging caution, even as those efforts continue. "I hope we're really thoughtful about the ...
BP Will Settle $175M in Oil Spill-Related Shareholder Claims
BP Plc agreed on Thursday to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in ...
Will Hurricanes Drive Property Insurance Rate Hikes? Experts Forecasting Changes
With two of three groups of expert hurricane researchers split on whether the 2016 Atlantic hurricane season will be above average or normal, a tie-breaking vote could come on Tuesday. But even a ...