Claims / Legal
Wind Turbines That Shake and Break Cost Their Maker Billions
Wind turbines make money when they spin. But when they shake, it can cost billions. Siemens Energy AG is struggling to contain the fallout after discovering a main piece on the frame of its wind ...
Stucco-Eating Giant African Land Snails Put Parts of Florida Under Quarantine
If it's not malaria-carrying mosquitoes, it's stucco-eating giant snails. Neighborhoods in Broward County are still under quarantine in an effort to limit the spread of the giant African land snails, ...
University Files Lawsuit Against Lloyd’s For Unpaid Cyber Insurance Claims
The Regents of the University of California sued Lloyd's of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance ...
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters
Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, ...
Risk Remains Despite Billions Spent Mitigating Western U.S. Wildfires
Using chainsaws, heavy machinery and controlled burns, the Biden administration is trying to turn the tide on worsening wildfires in the U.S. West through a multibillion dollar cleanup of forests ...
CEO Viewpoints: How Carriers, Reinsurers Are Reacting to Inflation
During an industry conference last week, leaders of three property/casualty insurance organizations addressed a question about opportunities in the personal, commercial and reinsurance markets by ...
Regulatory Weaknesses, Politics Driving California Exits, Industry CEOs Say
A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in the state of California at an industry conference in late June, pointing ...
Mass. Judge Denies Class Action Certification of Diminished Value Claims
A judge in Massachusetts has denied class certifications for claimants seeking payments from two insurers for the lost resale value of their motor vehicles that were damaged in accidents and then ...