Claims / Legal
Lifting of Sanctions Brings Uncertainty Over Iranian Oil Tanker Insurance
Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions against the Persian Gulf state, a group covering vessel owners said. Ship ...
Securities Class Actions Up in 2013 But Less Than Average
Plaintiffs filed 166 new federal securities class actions in 2013, a nine percent increase over 2012, however, the 2013 total is still 13 percent below the average from 1997 to 2012 despite being ...
How Past Experience Heightens Perceptions of Disaster Risks
People who have experienced a disaster such as an earthquake, flood, or terrorist attack have a heightened perception of the risks posed by these and, in some cases, unrelated risks, according to a ...
Oil Train Catastrophe Risk Weighs on Insurers: Kemp
In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, ...
KKR Investing $2.4M in Sedgwick Claims Management Services
Sedgwick Claims Management Services Inc., a leading provider of technology-enabled claims and productivity management solutions, announced Monday that global investment firm KKR, together with ...
11 States Battle Drought, Heightened Wildfire Risk
Federal officials have designated portions of 11 drought-ridden western and central states as primary natural disaster areas, highlighting the financial strain the lack of rain is likely to bring to ...
Top 5 Reserve Boosts in 2013; Fitch Reveals Carriers with Unfavorable Development
Although the property/casualty insurance industry overall will report favorable loss reserve development from prior underwriting periods for the eighth consecutive year in 2013, several individual ...
Five Insurers Lead P/C Industry to 8th Year of Reserve Takedowns: Fitch
Headline reserve charges for Tower Group, Meadowbrook Insurance Group and QBE Americas in 2013 didn't interrupt an eight-year trend of overall prior-year reserve takedowns for the property/casualty ...