Claims / Legal
Former Oppenheimer Exec Sentenced to Prison in Insurer-Sale Fraud
A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen ...
Boeing, Airbus Assessing Impact of Blast at U.S. Zodiac Aerospace Plant
A powerful blast at a Zodiac Aerospace factory in Washington state made some portions of the building unsafe to enter, raising concerns that the assembly of Boeing and Airbus aircraft could be ...
How Insurers Can Wield Social Media to Attract Millennial Customers
Bloomberg has reported that the rate of home ownership in the United States is at its lowest level in 20 years and the number of first-time buyers entering the market is at an almost 30-year low. The ...
Cyber Risk Insurers Lag in Buying Cyber Cover
As recently as two years ago, only half of the top 10 carriers writing cyber insurance had purchased cyber coverage themselves, a broker specialist said recently. During an interview at the Standard ...
Swiss Re: Food Contamination Liability Costs are Surging
Liability costs involving food contamination are soaring, and a globalized supply chain has made risk management much more challenging, Swiss Re found in a new report. Among the findings: the number ...
Why Pacific Typhoons and Other Tropical Storms Are Surging
The Pacific Ocean, named for placidity, is roaring. In the past week, eight tropical systems -- and that includes two major typhoons -- have formed across the Pacific from China to Mexico. On top of ...
Munich Re: Global Insured Cat Losses in H1 Land Below Long-Term Average
Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich ...
Farmers Reports Steep Price Tag For Late June Storm Damage Claims
Farmers Insurance said it expects to receive nearly 7,000 claims from hail, strong wind and other severe weather events that hit 14 states in late June. The price tag won't be cheap. Farmers said it ...