Claims / Legal
Small Probability of Larger Event Following Friday’s Calif. Quake
In an announcement detailing the specifics of a 5.1 magnitude earthquake that struck Southern California on Friday, AIR Worldwide said there is a 5 percent probability that the earthquake could be a ...
Analysts Sees GM Creating $3B Fund for Ignition-Switch Claims
General Motors Co. will probably create a fund of as much as $3 billion to pay claims associated with an ignition-switch flaw the automaker said is linked to the deaths of 12 people, a Barclays ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Judge Refuses to Dismiss $1.2B ‘Pink Slime’ Defamation Suit
A South Dakota judge on Thursday refused to throw out a defamation lawsuit against ABC related to its coverage of a meat product called lean, finely textured beef, which critics have dubbed "pink ...
MF Global Alleges ‘Erroneous Accounting Advice’ in $1B Suit Against PwC
MF Global Holdings Ltd., which filed for bankruptcy after a failed $6.3 billion bet on bonds of some of Europe's most indebted nations, sued PricewaterhouseCoopers LLP for $1 billion, alleging ...
Malaysian Crew Family Member Seeks Illinois Court’s Help to Prep Lawsuit
The husband of a crew member of missing Malaysian Air Flight 370 asked a state court in Illinois to order Boeing Co. and the airline to turn over data and documents to assist in preparation for a ...
Insurance Details on Loss of Malaysian Air Flight MH370 Clouded
Very few details have been released by the re/insurance industry related to the missing Malaysian Airlines flight MH370, which has caused some minor confusion as to the re/insurers providing coverage ...
Best Practices for Managing Emerging Issues From Nanotech to the Internet of Things
As Benjamin Franklin once cautioned: "By failing to prepare, you are preparing to fail." That said, insurers must plan today for the emerging risks of tomorrow. Emerging issues have become ubiquitous ...Death Toll from Washington Mudslide Expected to Rise
The death toll from a massive mudslide in Washington state is expected to increase as crews continue to search through the soupy, debris-laden field and rainy conditions complicate matters for ...