Claims / Legal
U.S. Sues Quicken Loans, Alleging Fraud in FHA-Insured Lending
Quicken Loans Inc. submitted insurance claims for hundreds of improperly underwritten U.S. Federal Housing Administration-insured loans over four years, the government alleged in a lawsuit. Quicken's ...
AIG to Get $72M in Air Lease Lawsuit Settlement
American International Group Inc. is due to receive $72 million in payments under a settlement of the lawsuit against Air Lease Corp., the jet lessor founded by Steven Udvar-Hazy. Air Lease will make ...
Swiss Re Exec Reports: There’s a Perfect Storm Brewing
There's an irony in the term "perfect storm" that insurers understand better than anyone. Not only do we help policyholders recover from them, but we may be in for one of our own. Like shifting winds ...
What Carriers Want From Core Systems Transformations
Insurance carriers are making an unprecedented investment in transforming their policy, billing and claims systems and processes. This is a unique period where the convergence of aging legacy ...
Swiss Re, IBM, to Team on Corporate Cyber Risk Protection
Swiss Re is linking up with IBM in a bid to address demand for better corporate cyber risk protection. Neither side is disclosing financial details. Specifically, the partnership is between the Swiss ...
Bird Flu Could be ‘Catastrophe’ For Turkey and Egg Industries
Deadly bird flu swelled in the poultry industry in Minnesota and neighboring Wisconsin amid speculation that winds may be carrying virus particles into facilities housing turkeys and chickens. "This ...
PCI, AIA, NAMIC Among Groups Who Pushed For House Cyber Bill
Property/Casualty insurance industry lobbyists were among many who pushed for the U.S. House of Representatives to approve a cybersecurity bill this week, which it did late afternoon on April 22. The ...
U.S. House Approves Cyber Threat-Sharing Bill
The U.S. House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cybersecurity threats with the government without fear of ...