Claims / Legal
Liberty Suing Texas Brine over Louisiana Sinkhole
One of the insurers for Texas Brine Co. has filed a lawsuit accusing Texas Brine of ignoring warnings about the potential for disaster if it continued mining an Assumption Parish, La., salt dome ...
Thousands Feared Dead from Typhoon Haiyan; Tsunami-like Surge Levels Houses
One of the most powerful storms ever recorded may have killed at least 10,000 people in the central Philippines, a senior police official said on Sunday, with huge waves sweeping away coastal ...Super Typhoon Haiyan Slams Philippines with Category-5 Power
Super Typhoon Haiyan, the equivalent of a Category 5 hurricane, slammed into the Philippines today after forcing thousands of people to evacuate. Haiyan had top winds of almost 196 miles (315 ...
AIR Estimates Windstorm Christian Insured Losses Could Exceed $3B
Catastrophe modeling firm AIR Worldwide estimates that insured losses from Windstorm Christian (known as St. Jude in the UK) will range between EUR 1.5 billion and EUR 2.3 billion ($2.0 billion and ...
EU to Fine Banks Billions Over Rate Rigging
A number of finance firms, including Royal Bank of Scotland and Rabobank face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates, ...
82% of P/C Insurers Using Predictive Analytics: Earnix/ISO Research
A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use ...
Material Asbestos Losses to Continue Unabated: AM Best
Industry losses from asbestos and environmental claims grew 12 percent in 2012, after a 31 percent decline in 2011, A.M. Best reported Monday. Although a special report by the Oldwick, N.J.-based ...
Morgan Stanley Says AIG May Sue Over Mortgage Investments
Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed securities that the insurer bought before the financial crisis. ...