Claims / Legal
Japan Kumamoto Quakes Caused Billions of Dollars in Economic and Insured Losses
The estimates are early, but economic and insurance losses stemming from the earthquakes that struck Japan on April 14-15 are already in the billions of dollars and rising. Catastrophe modeling firm ...
Houston Floods Kill at Least 8 and Destroys Hundreds of Homes; More Rain Likely
At least eight people have died and some 1,150 homes have been damaged in flooding triggered by torrential downpours in the Houston area this week, officials said on Wednesday, as forecasts called ...
VW Stock Surges as Investors Expect U.S. Emissions Settlement
Volkswagen AG rose to a six-week high after the manufacturer said it expects no need for a U.S. trial in mid-2016 over damages related to rigging diesel-engine control software to dupe emission ...
Judge Clears PIMCO to Sue AIG Over Subprime Mortgage Losses
A federal judge on Monday cleared the way for Pacific Investment Management Co to pursue a California lawsuit accusing American International Group Inc of causing big losses by lying about its ...
Federal Appeals Court Upholds NFL’s $765M Concussion Settlement
The National Football League's $765 million concussion settlement may not be perfect, but it's fair, a federal appeals court said. The decision sets in motion the resolution of thousands of lawsuits ...
XL Catlin Exec Joins UN Effort to Bring Insurance Concepts Into Global Disaster Planning
XL Catlin Executive Deputy Chairman Stephen Catlin is among the business and political leaders spearheading a global effort to make insurance more sustainable in the face of growing climate risks and ...
Tip for Auto Insurers: Personality Traits Linked to Distracted Driving Behavior
Extraverted older adults and conscientious, curious teens may be more likely to engage in risky driving behavior, while agreeable teens are less likely to drive distracted, according to new research ...
Obama Administration Unveils New Offshore Oil Well Safety Rules
The Obama administration last Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's ...