Claims / Legal
Federal Reserve Closing the Door on AIG-Style Bailouts
The Federal Reserve is on the verge of relinquishing the tools it used to rescue American International Group Inc. and Bear Stearns Cos. That probably won't appease lawmakers who've said they're ...
European Insurers Hit with Highest Tianjin Explosion Losses
Insurer Talanx AG's $122 million loss from port explosions at Tianjin, one of China's worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to ...
Watch This Video: PCI’s Wienecke Outlines Bipartisan Industry Agenda
A replacement collision parts bill. State-based regulation. Flood insurance. These are some of the high priority legislative issues for the Property Casualty Insurers Association of America this ...
CAS Launches Program Leading to Predictive Analytics, Data Science Credentials
Specialists in predictive analytics and data science will soon be able to add credentials reflecting their expertise to their résumés and business cards, provided they meet the requirements of a ...
For-Profit College Operator Must Pay $95.5M to Settle Recruitment Violation Suit
Education Management Corp., an operator of for-profit colleges, agreed to settle a whistle-blower lawsuit for $95.5 million. The accord was announced Monday by the U.S. Justice and Education ...
Terrorism’s Global Property Damage Costs Highest Since 9/11 Attacks
In the wake of Friday's massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York's Twin Towers. In 2014, acts of terror cost the ...
Jury Verdict: Ernst & Young Liable for Madoff Losses
Ernst & Young LLP was found liable on Friday by a Washington state jury for the losses of an investment firm from the collapse in 2008 of fraudster Bernard Madoff's multibillion dollar Ponzi ...
Insurers Could Pay Up to $600M in Brazilian Dam Burst
Insurers covering risks for a Brazilian mine where two dams burst last week, killing at least six people, could pay up to $600 million in claims, a source with direct knowledge of the matter said on ...