Claims / Legal
Natural Disaster Insurance Claims Plunged in 2015, but Climate Change Hurt: Munich Re
Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich ...
Farmers Debuts Rideshare Insurance in Oklahoma and Ohio
Farmers Insurance has started offering rideshare insurance in Oklahoma and Ohio, a move that dovetails with new laws in both states dictating coverage for ridesharing drivers. Farmers said it worked ...
Ex-Microsoft Employees: Company Didn’t Warn Hotmail Users of Chinese Email Hack
Microsoft Corp experts concluded several years ago that Chinese authorities had hacked into more than a thousand Hotmail email accounts, targeting international leaders of China's Tibetan and Uighur ...
New York AG Seeks Return of Fantasy Sport Site Money
New York Attorney General Eric Schneiderman on Thursday filed an amended lawsuit against DraftKings and FanDuel asking the daily fantasy sports companies to give back all the money they made in New ...
Midwest Floods Kill at Least 30; Shut Down Oil, Agriculture and More
Deadly flooding across the U.S. Midwest is disrupting everything from oil to agriculture, forcing pipelines, terminals and grain elevators to close. The floods have killed at least 30 people and shut ...
Britain Faces More Extreme Weather, Rising Flood Costs
Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third major storm in a month. The ...
Huge Workers Comp Issue: Premium/Payroll Misclassification
Premium misclassification or payroll misclassification is a significant issue for the workers' compensation industry, according to Bret Shroyer, a solutions architect for Denver, Colo.-based Valen ...
$1.2 Billion: Insured Loss Estimate Thus Far From Dallas Tornadoes
Texas is dealing with approximately $1.2 billion in insured losses so far from 9 confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary ...