Claims / Legal
Supreme Court Denies Privacy Claim, Allows Commercial Resale of Driver Records
The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp. can obtain and sell information on drivers provided by state agencies without violating a federal privacy ...
Treasury Seeks Financial Risk Management Officer for Federal Programs
The U.S. Treasury Department wants to hire someone to help manage risks and protect against losses on federal programs, according to an internal memo. The Treasury intends to create the job of chief ...
Prudential Gives Up Fight Over Systemic Risk Designation, Increased Regulation
Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory ...
Florida Enters Era of Workers’ Compensation Market Stability
Florida's workers' compensation system has reached a rare state of rate stability, according to insurers and officials. The National Council on Compensation Insurance (NCCI), filed for a one percent ...
Does, Should, Will TRIA Cover Cyber Terrorism?
The insurance industry will count on the Terrorism Risk Insurance Act (TRIA) if there is a terrorist strike on the United States, but will the program respond if the act of terrorism is a cyber ...
TVA Insurers Have Paid $92 Million of Ash Spill Cleanup Thus Far
About $42 million has been recovered in the last week by the Tennessee Valley Authority to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the ...
Lehman’s Australia Creditors Approve $48 Million Insurance Deal
Creditors of Lehman Brothers Holdings Inc.'s Australian unit approved an insurance payment plan allowing them to recover about $48 million of investment losses. U.S. insurers agreed to provide $45 ...
Study: Michigan Auto Costs Can Drop If Lifetime Care Stays
Michigan can lower auto insurance premiums without making major changes to the state's no-fault system proposed in legislation that has stalled for months, according to a nonpartisan report issued ...