Claims / Legal
Vermont Hopes LIMA Law to Attract Runoff Business Mirrors Success of Captives
A new law in Vermont would soon authorize the state to license and regulate specialized Vermont-based companies whose only purpose would be to assume and manage closed blocks of non-admitted ...
AIG Loses Bid to Delay BofA $8.5 Billion Mortgage Settlement
Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors won't be delayed after American International Group Inc. and other objectors asked for a hearing to address loan ...
British Insurers Vow Quick Response for Flood Victims
British insurance companies told a meeting with government ministers yesterday they are prepared to act quickly to help victims of record floods that have so far caused an estimated 600 million ...
British Officials, Insurers to Meet Over Flood Recovery
British officials will hold their first meeting with insurers today on how they'll deal with record floods that have so far caused an estimated 600 million pounds ($1 billion) in damage. Cabinet ...
Greenberg’s Starr Investment Heads Group Buying Claims Firm MultiPlan
A group led by former AIG boss Maurice "Hank" Greenberg's Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc. Terms of the deal were not disclosed. A person ...
Workplace Safety Beats Cyber, Terror as Top Small Biz Risk Concern
According to a survey of more than 500 small business owners, workplace safety risks are a greater source of concern than cyber risks, terror risks and other worrisome injury and cost drivers. ...
OECD Wants Broker, Insurer Data Included in Tax Evasion Crackdown
Accounts at brokers and insurers need to be included along with banks in a plan designed to share data among governments to crack down on tax evasion, the Organization for Economic Cooperation and ...
The ACA’s Anticipated Effect on P/C and Workers Comp Lines
Although parts of the Affordable Care Act have been in place since 2010, key reforms began on January 1, 2014. According to industry experts, the ACA won't affect the medical bill payment process; ...