Claims / Legal
NYC Sues FedEx for Illegally Shipping Cigarettes to Homes
New York City has sued FedEx Corp, accusing it of illegally delivering millions of contraband cigarettes to people's homes and seeking $52 million in fines and unpaid taxes. The lawsuit, filed in ...
Judge Dismisses Katrina Flooding Lawsuits Against Feds
Dozens of lawsuits seeking damages from the federal government for Hurricane Katrina-related levee failures and flooding in the New Orleans area are over. U.S. District Judge Stanwood Duval Jr. has ...Trio of European Winter Storms Cause Flooding, Wind Damage
While wind damage has been significant, most of the loss from three winter storms in Europe late last week is coming from flooding, AIR Worldwide reported Saturday. A series of three winter ...
Bank of America $39M Gender Bias Deal Approved
A federal judge on Friday approved Bank of America Corp's $39 million settlement of a gender discrimination lawsuit by female brokers over objections that the accord would enshrine bias on Wall ...
Carriers Cut Coverage as ‘Storm Chasers’ Fuel New Roof Demands, Actuaries Report
Homeowner insurers reacting to a growing industry problem, being referred to as "neighbor-itis," has carriers reducing coverage in some regions, actuaries reported recently. Speaking at the Casualty ...
EEOC Charges Drop in 2013
For fiscal year 2013, the U.S. Equal Employment Opportunity Commission received less than 94,000 new private sector charges of employment discrimination, marking the lowest level since 2009. The ...
Tornado Frequency Trends Deceptive, Actuary Says
To develop adequate rates, actuaries don't just need to spot what the next trend will be that will push up claims frequencies or average loss costs. They also need to sort out what the next trend ...
Proof of Economic Loss Not Needed for Biz Seeking BP Recovery, Barbier Rules
BP Plc has failed to persuade a U.S. federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the ...