Claims / Legal
Monsanto Resolves GMO Wheat-Related Farmer Lawsuits
Monsanto Co. said on Wednesday it reached a settlement with U.S. wheat farmers who sued the seed company over market disruption after unapproved genetically engineered wheat was discovered growing ...
Liberty Mutual: Most Parents Lack Extra Coverage For Play Dates
Most parents lack umbrella liability insurance for everyday routines such as carpooling and hosting other children in their homes, Liberty Mutual determined in a new survey. The auto and home insurer ...
HSBC Slammed By Turkey Cyber Attack; 2.7M Customers’ Bank Data Lost
HSBC Holdings Plc's Turkish unit said it lost 2.7 million customers' bank data in a cyber-attack, after a similar security breach at JPMorgan Chase & Co. The hack resulted in the theft of data on ...
Industry Disrupters Will Cut Distribution, Dispute Resolution Costs, P/C Execs Say
Property/casualty insurance industry executives peering out into the future aren't singularly focused on capital providers as potential industry disrupters in the years ahead. Brian Duperreault, ...
Judge Refuses to Fire Gulf Oil Spill Claims Admin
A federal judge has rejected a call from BP to fire the administrator of damage claims arising from a settlement that followed the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier ...
General Motors Dogged By More Ignition Switch Injury Claims
A program to compensate the victims of a faulty ignition switch in General Motors Co vehicles found last week that the part was linked to two additional deaths and four injuries, bringing the total ...
An Arctic Blast Returns the P/C Industry to Winter Cat Risks
An arctic blast began to dump heavy snow in parts of the northern Rockies, Plains and the Great Lakes regions on Monday and meteorologists said temperatures are expected to plummet throughout the ...
Underreserving, Balance Sheet Fundamentals Taking a Back Seat in Rating Agency Analyses
Loss and loss adjustment expense (L&LAE) reserving and reported income are but two components of a thorough, all-encompassing rating agency analysis of an insurer. Today, more than ever before, ...