Claims / Legal
Extreme Western Wildfires Are Not New Occurrence: University Research
New research by scientists at the University of Wyoming has found that extreme wildfire seasons are nothing new in the Rocky Mountain region: They also happened hundreds of years ago, after global ...
Amtrak Sponsors Cat Bond for NE Storm Surge, Wind, Quake
Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC ...
Germany Approves Draft Law Extending Nuclear Liability for Utilities
German Chancellor Angela Merkel's cabinet approved a draft law on Wednesday which ensures that utility companies remain liable for costs associated with the shutdown of the country's nuclear power ...
Apple Faces Hefty Damages After Losing Patent Lawsuit to UWM
Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison's licensing arm without ...
Ironshore Sees Opportunity in Emerging Hospital Liability Exposures
Ironshore Inc. said it is introducing new coverage for hospitals and healthcare systems designed to address both existing and emerging liability exposures. The new policy—LeadingEdge—comes out ...
Moody’s Quantifying Terror Effects With Economic Impact Index
How do you measure the impact of terrorism on economic growth? Moody's Investors Service has constructed a terrorism index to quantify the hit to gross domestic product, government spending, ...
Strong El Nino Could Prevent Relief from Smoke Haze Choking Asia
The choking haze that has blown across Southeast Asia from burning rain forests in Indonesia may get worse and last several more weeks as an unusually strong El Nino keeps away seasonal rain that ...
FAA May Ban Rechargeable Lithium Battery Cargo From Passenger Airlines
The risk of unstoppable fires is prompting U.S. officials to back a proposed international ban on rechargeable lithium battery shipments as cargo on passenger airlines. "We believe the risk is ...