Claims / Legal
TRIA or Not, XL Group Is Betting on Its Own Standalone Terrorism Insurance Policy
XL Group has come up with a standalone terrorism insurance policy meant to cover gaps in the Terrorism Risk Insurance Act, or TRIA, whether or not the federal reinsurance law is renewed. The new ...
ACA Fuels Spike in ER Visits: University Study
The Patient Protection and Affordable Care Act may have provided health care insurance to an estimated 20 million Americans who lacked coverage, but it has not eased the demand on the nation's ...
AIG Bailout Lawsuit Closing Arguments Expected This Spring
Hank Greenberg's legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington ...
High School Concussion Suit Filed in Cook County
A former high school quarterback followed in the steps of one-time pro and college players Saturday by suing a sports governing body—in this case the Illinois High School Association— saying it ...
FAA Chief Says Drones Near Airports are ‘Serious Concern’
U.S. regulators are increasing enforcement and trying to educate drone pilots to minimize risks to commercial traffic posed by the small unmanned aircraft, the nation's aviation chief said. The ...
Hack Attack Hits Sony Pictures Entertainment Hard
Sony Pictures Entertainment said its computer system was down for a second day on Tuesday, following media reports of a major hacking attack aimed at the film and television studio. Before Sony ...
Hurricane Sandy Victims Allege Companies Manipulated Claims Reports
Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages ...
Liberty Mutual Launches New Cyber Coverage Products
Liberty Mutual is beefing up its commercial and business policies with enhanced, flexible cyber coverages – yet another major insurer responding to the growing risk of computer-related data ...