Claims / Legal
Earthquake Insurance Rate Spikes Worry Oklahoma Regulators
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake ...
A.M. Best: ‘Benefits to Be Gained’ From Flood Insurance Market Expansion
The U.S. Senate is gearing up to consider a bill that would revamp and expand the U.S. flood insurance market, and its passage appears likely. A.M. Best said this will be a very good development for ...
Rio Olympics Proceeds Despite Health Risk Reservations
Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to take place in less than three months, a handful of medical experts are calling for the games ...
Chubb Risk Watch: U.S. Chemical Firms Pursuing Global Expansion
One major commercial risk the P/C insurance industry is wary about in the months ahead involves U.S. chemical firms expanding abroad. A new Chubb advisory warns they face potential challenges ...
BofA Scores During Appeal in $1.2B Mortgage Loan Fraud Case
Bank of America Corp.'s Countrywide Financial unit was exonerated of allegations that it sold defective residential mortgage loans to Fannie Mae and Freddie Mac with an appeals court throwing out a ...
La Niña May Be Coming, Along With Higher Atlantic Hurricane Risks
Think of it as Mother Nature's roller-coaster ride: the shift between the weather patterns known as El Nino and La Nina that, at their worst, can cause havoc worldwide. El Nino—spurred on by a ...
Beleaguered Pelvic Mesh Maker Attempts to Shift Liability to Doctors, Others
American Medical Systems, a major defendant in litigation over controversial vaginal mesh devices, is accusing "a pyramid of businessmen, doctors and lawyers" of luring women into unwarranted ...
Texas Hailstorms Fueled Allstate’s $633M Pre-Tax April Catastrophe Losses
Allstate reported $633 million in estimated pre-tax catastrophe losses for April, more than half of which came from three days of severe hailstorms in Texas. After taxes, the number comes in at $411 ...