Claims / Legal
Commercial Lines Market Headed For Profit Deterioration
Commercial lines insurance underwriters in the United States have generated two consecutive years of significant underwriting profits. However, market sentiment has turned less favorable recently as ...
Multi-Decadal Climate Change Ahead; Faster Sea-Level Rise Predicted for NE U.S.
A new study, by scientists from the University of Southampton and National Oceanography Centre (NOC), implies that the global climate is on the verge of broad-scale change that could last for a ...
Florida Coast Developers Can’t Resist Building
Since eight hurricanes whipped through Florida during back-to-back seasons a decade ago, causing $33 billion in insurance claims, the state's coastal communities have added an additional 1.5 million ...Markel Names Clancy Chief Operating Officer for Claims
Markel Corp. has named Mike Clancy as Chief Operating Officer, Markel Claims. In Clancy's new position, he will be based in Richmond, Virginia and report to Nick Conca, Chief Claims Officer. Clancy ...
BP Drops Fight Over $750M Deepwater Horizon Insurance
BP Plc won't seek to access Transocean Ltd.'s $750 million insurance policy for the Deepwater Horizon rig, which exploded while drilling a BP well in 2010, sparking the worst offshore spill in U.S. ...
P/C Insurer Net Income Over $55B for 2014: ISO/PCI Report
Net income for U.S. property/casualty insurers totaled $55.5 billion after taxes last year, coming as little surprise to experts who had forecast a $50-billion-plus result early this year. In early ...
Florida High Court Nixes Applying Medical Malpractice Cap Retroactively
A 2003 law capping medical malpractice lawsuit awards at $500,000 can't be applied retroactively. That's what the Supreme Court ruled in a Miami-Dade County case in which a woman suffered permanent ...
Trial Begins for Dewey & LeBoeuf Executives Charged with Fraud
Nearly three years after the demise of law firm Dewey & LeBoeuf, a Manhattan prosecutor opened the criminal trial of three of the firm's former executives on Tuesday by accusing the trio of ...